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SCDA Restores $25,000 to Budget

November 20, 2017

By Duane Winn

THE TOCCOA RECORD

"The Stephens County Development Authority (SCDA) budget for fiscal year 2017-18 was black and blue a couple of months ago when it took a hit from the Stephens County Commission. Commissioners, in an attempt to trim a large deficit, slashed the economic development group's budget by $50,000, propting a spirited response from SCDA chairman Brian Akin, who questioned the extent of the cut and how the matter was handled. The SCDA's bottom line is a bit more awash in black ink as it approved an amendment ot the budget Wednesday that reflects the county commission's recent decision to restore $35,000 to the budget. "It's a big deal," said SCDA Executive Director Tim Martin. The SCDA is dependent on the county and city gobernment for more than 90 percent of its annual revenue. "We're grateful the county commission saw fit to restore $25,000 back into the budget," said Martin. "It will allow us to keep moving forward on projects without dipping into our reserves." Martin said the county commission won't be restoring tha mount in one fell swoop. It will divide the $25,000 into equal monthly installments for the duration of th ecurrent fiscal year which ends June 30,2018. "

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The SCDA is responsible for the recruitment of new businesses including industrial, manufacturing, distribution, corporate and regional headquarters and customer service centers. It also provides support and assistance with all other types of economic development projects.

The SCDA also works with existing businesses and industries to ensure their continued success. While recruitment of new industry is a significant function, aiding in existing industry expansion and retention is just as significant. About 80 percent of all new jobs in Georgia come as a result of existing industry expansion.

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