Locust Grove's historic "Strip Style" downtown is home to a number of restaurants, boutique retailers, and various neighborhood goods and services. Since beginning the revitalization of the historic commercial district in 2006, Locust Grove has invested significant public resources to create today's beautiful and economically sustainable downtown. Historic Downtown Locust Grove seen the completion of many successful historic rehabilitation projects and significant private investment.

Locust Grove Main Street Façade Grant

Locust Grove Main Street Inc. (501c3) offers downtown businesses within the Rural Zone a 1:1 matching grant of up to $1500 per building facade for approved enhancements to the exterior of their historic building. The maximum award at this time is $3000. For application details, please email Colleen Cook, City of Locust Grove Main Street Manager at ccook@locustgrove-ga.gov.

Downtown Development Revolving Loan Fund

Below-market financing for Downtown Devlopment Projects This incentive must be applied for through the Locust Grove Downtown Development Authority. All projects must demonstrate they have a viable downtown development project and clearly identify the proposed uses of loan proceeds. Please email Colleen Cook at ccook@locustgrove-ga.gov for application assistance.

Georgia Cities Foundation Revolving Loan Fund

Loan amounts up to $250,000, which can be used in conjunction with DDRLF This incentive must be applied for through the Locust Grove Downtown Development Authority. All projects must demonstrate they have a viable downtown development project and clearly identify the proposed uses of loan proceeds. Please email Colleen Cook at ccook@locustgrove-ga.gov for application assistance.

Georgia Historic Rehabilitation Tax Credit and Property Tax Freeze

State Preferential Property Tax Assessment for Rehabilitated Historic Property Freezes the county property tax assessment for more than 8 years. Available for personal residences as well as income-producing properties. Owner must increase the fair market value of the building by 50 – 100%, depending on its new use. Properties must be eligible for listing on the National Register of Historic Places and the Georgia Historic Preservation Division must certify the project.

State Income Tax Credit for Rehabilitated Historic Properties allows eligible participants to apply for a state income tax credit equaling 25 percent of qualifying rehabilitation expenses capped at $100,000 for a personal residence, and $300,000, $5 million or $10 million for all other properties. Properties must be eligible for listing on the National Register of Historic Places and the Georgia Historic Preservation Division must certify the project.

For more information and access to the Georgia Historic Rehabilitation Tax Credit and Property Tax Freeze opportunities, please click HERE.

Federal Historic Rehabilitation Tax Credit

The Federal Rehabilitation Investment Tax Credit (equal to 20% of qualified expenses) is available to owners of an income-producing historic property who carry out a substantial rehabilitation. For more information on Federal Tax Incentives, click HERE.

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