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Roswell Inc. gives update on city’s business climate at Rotary meeting
by Rachel Kellogg
March 12, 2014 02:44 PM | 1179 views | 0 0 comments | 19 19 recommendations | email to a friend | print
Roswell Inc. executive director Steve Stroud gave a progress update about the organization at last week’s Roswell Rotary Club meeting.

Stroud said the purpose of Roswell Inc., which was known as the Roswell Businesses Alliance until October, is to bring new businesses to Roswell, to retain and expand current businesses and to revitalize business areas within the city limits.

The organization began in 2008, when the recession hit, as a way to help businesses stay afloat.

According to Stroud, the hope was to make the city “more business friendly” — a goal with which the organization has had success.

Last summer, Roswell contracted with the organization to develop a public-private partnership in which Roswell Inc. serves as the city’s economic development arm.

From July until now, the city has had 53 ribbon cutting events. In the month of October, 62 new business licenses were issued, while 29 were issued in December, 49 in January and 53 in February.

Stroud said from 2007 to 2011, the average business licenses issued per month was 16.

Stroud also said the workforce in the city is up, highlighting the new General Motors information technology center, which is bringing 1,000 high-paying jobs to Roswell.

He also mentioned that Audi will be opening its largest dealership in the South in Roswell.

The organization has also partnered with Roswell United Methodist Church’s job networking ministry to place employees with companies.

Stroud said one reason businesses are locating to Roswell is the Opportunity Zone job tax credit program, in which the state pays tax credits to businesses in the zone based on how many new jobs they create.

“We have the largest opportunity zone in the state,” he said.

Stroud went on to say the organization is making sure to get the word out about Roswell to attract more businesses.

“We’re making sure people know Roswell is a classic Southern town with great tax incentives.”

Information: www.roswellba.com

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