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The Development Authority of Cobb County

The Development Authority of Cobb County (DACC) was created by the State of Georgia for the purpose of developing and promoting the public good and general welfare trade, commerce, industry, and employment opportunities for Cobb County.

The DACC conducts two fundamental activities to support local economic development: (1) provide access to capital and to other financial incentives that would assist desirable economic development projects; and (2) market and promote Cobb County to new business.
 
For more information on the Development Authority of Cobb County,
contact Nelson Geter at 770-859-2342 or [email protected].
2024 Meeting Dates
April 16
May 21
June 18
July 16
August 20
September 17
October 15
November 19
December 17

DACC BOARD

NELSON GETER – Executive Director

CLARK HUNGERFORD – Chairman

DONNA ROWE – Vice Chairman

KAREN HALLACY – Secretary/Treasurer

SMITH PECK Assistant Secretary/Treasurer

COURTNEY KNIGHT

JASON SHEPHERD

DAN MCRAELegal Counsel

2023 MEETING NOTES

January 17, 2023 Meeting Notes: View

February 21, 2023 Meeting Notes: View

April 18, 2023 Meeting Notes: View

July 18, 2023 Meeting Notes: View

August 8, 2023 Meeting Notes: View

October 17, 2023 Meeting Notes: View

November 21, 2023 Meeting Notes: View

December 19, 2023 Meeting Notes: View

FINANCIAL INCENTIVES

The DACC assists prospective relocating or expanding companies that meet certain criteria by receiving and administering state grant funds, and by serving as a financing conduit that issues Industrial Development Revenue Bonds to help companies borrow money from traditional lending institutions to finance relocation or expansion. Since these are held by qualified financial institutions, no county taxpayer dollars are involved in their issuance. Additionally, competitive, discretionary funds may be available to key projects that create full-time, high-wage jobs and invest significantly into our tax base, providing our schools a high return on investment.

To apply for financing through the Development Authority of Cobb County, fill out our Project Application.

FUNDING

The DACC receives no county taxpayer funds and is funded solely by service and loan fees related primarily to loan/bond programs administered by the DACC. The DACC is one of few authorities that operate in such a fiscally conservative manner, continuing to provide Cobb’s citizens with the best deal in the region.