What does LCDA mean in DEVELOPMENT

The mission of the Liberty County Development Authority (LCDA) is to ensure economic thriving in Liberty County by creating living, working and recreational opportunities through incentive-based development and strategic investments.

LCDA's board membership consists of five members appointed by the Liberty County Board of Commissioners and one ex-officio member representing the Georgia Department of Community Affairs. These members serve for three-year terms.

Liberty County focuses on target industries such as advanced manufacturing, agriculture, aerospace, logistics & distribution/transportation, information technology, renewable energy, tourism/hospitality and corporate services.

Through a variety of programs focusing on workforce development and business expansion initiatives, LCDA aims to actively recruit new businesses to create quality employment opportunities in the local community. Additionally, this organization offers a range of resources to assist existing businesses with their expansion plans.

Incentives may include job tax credits for businesses creating net new jobs in qualified target industries; various tax abatement programs aimed at improving quality job opportunities; infrastructure improvements; loan guarantees; relocation expenses reimbursement; and more depending on each business’ needs.

Yes, LCDA provides access to venture capital funds designed to meet the financial needs of early stage companies located in qualified counties within Georgia. These funds provide financing options for start-up costs associated with research & development activities as well as marketing & commercialization efforts.

Prospective borrowers can apply for long-term loans up to $2 million through Freedom Bank & Trust Company—the only bank chartered solely for economic development finance purposes in the state dispensed by LCDA. These loans can help cover real estate acquisition and construction as well as equipment purchases.

Yes, loan restructuring options are available depending on individual company needs including forbearance agreements or periodic payment plans designed to help alleviate current cash flow issues faced by existing companies located in Liberty County while still allowing them time to become financially stable again.

Yes! The organization provides comprehensive training courses which consist of topics such as social media marketing strategies as well as general management practices designed to shore up knowledge gaps among small business owners operating within dependent markets like those found in rural communities servicing much larger metropolitan areas nearby..