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Wednesday, June 23, 2010 - 10:49am

County Seeks Low-Interest Bonds For Jobs

Updated: 4 years ago.
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.

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