Rick Jackson Proposes Economic Plan to Revitalize Historic Business Districts
Republican gubernatorial nominee Rick Jackson has unveiled an economic proposal called the "Legacy Corridor Initiative" to revitalize historic commercial districts and support minority-owned businesses. The plan aims to create a "navigator" in targeted areas to help businesses access government reso
Key takeaways
- Rick Jackson, Republican nominee for governor, has introduced the "Legacy Corridor Initiative" to revitalize historic business districts.
- The plan focuses on supporting minority-owned businesses in six targeted commercial areas across Georgia.
- A key feature of the initiative is the appointment of a "navigator" to assist businesses with resources and tax credits.
- This economic proposal is seen as an effort to expand Jackson's political appeal in his race against Keisha Lance Bottoms.
What Happened
Republican gubernatorial nominee Rick Jackson announced an economic proposal on Wednesday named the "Legacy Corridor Initiative." The plan is designed to revitalize historic commercial districts and expand opportunities for minority-owned businesses. It targets six specific commercial areas across Georgia, including Sweet Auburn in Atlanta.
Jackson stated that the initiative aims to make Georgia businesses more competitive for state contracts and will heavily promote the State Opportunity Zone Tax Credit. A key component involves restoring historic commercial buildings without displacing current residents and business owners.
Key Facts
- Republican nominee for governor Rick Jackson unveiled an economic proposal called the “Legacy Corridor Initiative.”
- The plan aims to restore historic commercial districts and boost minority-owned small businesses.
- It targets six historic commercial areas: Sweet Auburn (Atlanta), The Golden Blocks (Augusta), West Broad Street (Savannah), The Liberty District (Columbus), The Harlem District (Albany), and Cotton Avenue (Macon).
- The initiative calls for a “navigator” in each corridor to help businesses connect with government resources and leverage tax credits.
- Jackson intends to promote the State Opportunity Zone Tax Credit.
Background
Atlanta's Sweet Auburn district, once a prominent African American commercial street, has seen significant vacancy, leading the National Trust for Historic Preservation to list it as endangered in 1992 and 2012.
Why It Matters
The proposal is part of Jackson's effort to broaden his appeal beyond the traditional Republican base. The announcement comes as a new Georgia poll indicates the gubernatorial contest between Jackson and Democratic nominee Keisha Lance Bottoms is in a statistical tie.
Sources reviewed
Project Chintan independently synthesized and analyzed information cross-checked across the sources listed above.
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