Development Authority Executive Director Tim Martin presented his yearly report for Fiscal Year 2012-2013 to Toccoa City and Stephens County Commissioners last week. Martin said that for this past fiscal year, there were 45 new jobs created with total investments of $11.59 million and that the national economic picture as a whole is still struggling. “Today in 2013, there are fewer jobs in the United States than there were in the year 2000,” said Martin. “We are struggling nationally in economic terms. Too often, what happens is (when) the national economy gets the sniffles, local communities get pneumonia.” Two new industries, Cotton Conversions and Tencate, have both opened this past year in Stephens County. Martin said a crucial tool in getting them here was the granting of opportunity zones that give additional state tax credits to businesses that locate on properties designated as opportunity zones. Martin is also hopeful that the state will approve the Development Authority’s application to give that same opportunity zone status to the Hayestone Brady Business Park on Highway 17.
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