Equity Fund

The purpose of the Equity Fund is to provide a program of financial assistance that includes grants, loans and any other forms of assistance authorized by (O.C.G.A.50-34-1 et seq.) to finance activities that will assist applicants in promoting the health, welfare, safety, and economic security of the citizens of the state through the development and retention of employment opportunities in areas of greater need as defined by the Georgia Business Expansion and Support Act of 1994, as amended (O.C.G.A.48-7-40).

Eligible Applicants

Eligible recipients of grant and loan funds include general-purpose local governments (municipalities and counties), local government authorities and joint or multi-county development authorities in rural counties suffering from high poverty rates. Subrecipients should be a for-profit entity. Financial underwriting of a sub-recipient company is required. All applicants are urged to consider using Equity Fund monies only when other funding is not available or not sufficient to address project needs. OneGeorgia Equity should be viewed as funding of last resort when no other public or private funding is available. Download the official eligibility map .

Grant and Loan Amounts

Award limits are a maximum request amount of $500,000 per project.

Eligible Use

Projects relating to water and sewer infrastructure, road, rail improvements, industrial parks, workforce, technology, and tourism.

Grants

Funds for public activities require local investment and must demonstrate potential return on investment impact.

Applications

Online Applications are accepted quarterly on the 2nd Friday of the following months:

• January
• April
• July
• October

Frequently Asked Questions

Review the Equity Fund FAQs here.