Portions of Campbellton Road, MLK Jr. Drive designated ‘opportunity zones’

Invest Atlanta has announced that areas of land along Campbellton Road near Greenbriar Mall and along Martin Luther King, Jr. Drive have been designated as Opportunity Zones by the Georgia Department of Community Affairs (DCA).

Georgia’s Opportunity Zone program helps encourage business growth, job creation, and economic revitalization by providing a tax credit to businesses that create jobs within the designated area.

“Bringing new investment and jobs to Campbellton Road, Martin Luther King, Jr. Drive and other key corridors is a vital part of Atlanta’s economic development strategy,” Mayor Andre Dickens said in a press release. “These new Opportunity Zone designations will encourage small business investment that leads to increased prosperity for residents in these communities.”

The parcels of land along Campbellton Road (primarily Atlanta City Council District 11) and Martin Luther King, Jr. Drive (primarily Atlanta City Council District 10) met the DCA requirements for Opportunity Zone status such as underdevelopment, blighted conditions and general distress.

Businesses located on these specific parcels are eligible to apply for the Opportunity Zone tax credit. Invest Atlanta coordinates the City of Atlanta’s Opportunity Zone program.

“This is a big win for District 11 because Opportunity Zones have the double benefit of providing tax credits for businesses and creating jobs for District 11 residents,” Atlanta City Councilmember Marci Collier Overstreet said in the release.

“These news Opportunity Zone designations extending from the West Lake MARTA station all the way to I-285 will spark new economic activity and job creation in District 10 along the MLK corridor,” said Atlanta City Councilmember Andrea Boone said in the media release.

Campbellton Road and Martin Luther King, Jr. Drive are two of nine currently active State of Georgia Opportunity Zones in the city. The $3,500 per job state tax credit is available to businesses that create at least two jobs in a tax year. Georgia Opportunity Zone tax credits are good for up to five years and a maximum of $17,500 as long the jobs are maintained.

Opportunity Zones were established under the 2017 Tax Cuts and Jobs Act. As of 2024, there are more than 8,764 Qualified Opportunity Zones (QOZs) in the United States designated to spur economic growth and investment in economically distressed areas through tax incentives. Each state and territory nominates their own zones, which are then certified by the U.S. Department of the Treasury​.

For more information about Georgia’s Opportunity Zone program, visit www.investatlanta.com or www.dca.ga.gov .

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