Wed., June 23, 2010 2:49pm (EDT)

County Seeks Low-Interest Bonds For Jobs
By Associated Press
Updated: 4 years ago

JEFFERSON, Ga.  —  
City of Jefferson in Jackson County. (photo courtesy Amber Rhea)
City of Jefferson in Jackson County. (photo courtesy Amber Rhea)
A northeast Georgia county hopes to access federal low-interest bond money in order to attract a new company and hundreds of new jobs.

To do that, Jackson County commissioners say they need their county designated as economically depressed through a federal recovery zone listing.

Commissioners say 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 of federal recovery money for local governments that did not get bonds last year.