Roswell to get second work boost area

April 7, 2013 by  

The second economic opportunity zone in the Roswell area looks set to become reality, after the group pursuing the development received approval for the scheme.

The application was approved back in March by the mayor and the council. Once developed, it will run down Ga. 9 from Sun Valley Drive, continuing north, through the area accommodated by the North Fulton Hospital, and end at the Roswell-Alpharetta border.

The site was specifically targeted, with more companies in the medical industry being sought to set up shop here.

The director of community development for the city, Alice Wakefield, said of the venture:

“The opportunity zone is a great incentive.”

Encompassing an area already populated by many commercial and industrial facilities, the zone would likely see new and existing companies move in. With new businesses moving in to the zones already in Roswell, and neighboring Alpharetta, new business card printing will likely be the order of the day.

It is not just about creating an area where opportunities can be maximized, though. The zone also represents very real incentives for local businesses. State-approved, the zones are able to give businesses in the area new employee income tax breaks.

The ultimate aim is to drive business growth and job creation. The development already has many supporters, with the President of the Roswell Business Alliance, Steve Stroud, saying:

“This is a great opportunity to get new companies to again relocate to Roswell.”

Before the scheme gets underway, it needs final approval from the Georgia Department of Community Affairs.