REBA is an incentive program that is used to help "close the deal" when companies are considering Georgia and another state or country for their location or expansion. REBA funds may be used to finance various fixed-asset needs of a company including infrastructure, real estate acquisition, construction, or machinery and equipment. A local development authority must be the applicant for a REBA application and the application must be supported by a recommendation letter from a state agency, typically the Georgia Department of Economic Development.
REBA should not be used when other state or federal programs could be used or when local funds are sufficient to accomplish economic development goals. The maximum amount available for economic development projects varies based upon the recommendation made by the Georgia Department of Economic Development. Award limits will be set at no more than $750,000 per project.
Eligible Recipients Detail:
Eligible applicants and recipients of grant funds awarded under this program shall be general purpose local governments (municipalities and counties), local government authorities, regional development centers, state agencies, and state authorities.
General Infrastructure; Last Mile Infrastructure; Building Infrastructure; Related Industry Support; Broadband Enabled Devices
Eligible Purpose Detail:
Eligible activities include, but are not limited to:
-Public land acquisition and site development
-Public infrastructure improvements
-Publicly owned machinery and equipment
-Publicly owned / privately leased fixed assets and machinery and equipment.
OCGA § 50-8-190