Wed., June 23, 2010 4:22pm (EDT)

County Seeks "Economically Depressed" Rank
By Associated Press
Updated: 4 years ago

ATLANTA  —  
Jackson County, whose courthouse is pictured here, wants a ranking of "economically depressed" to gain access to low-interest loans. (photo courtesy wikimedia commons)
Jackson County, whose courthouse is pictured here, wants a ranking of "economically depressed" to gain access to low-interest loans. (photo courtesy wikimedia commons)
“Economically depressed” is the designation some northeast Georgia county commissioners are hoping to gain for county.

Jackson County officials say the listing would give them access to federal low-interest bond money.

The bond money could be used by an electronics company planning to build a facility and hire up to 400 people.

It’s up to the state Department of Community Affairs to reallocate Georgia’s more than $500 million dollars of federal recovery money for local governments that did NOT get bonds last year.