The non-profit organization that will be used to convert grant money into incentives for businesses to move to the beleaguered Canton Road Corridor will elect its board of directors after Wednesday's Northeast Cobb Business Association luncheon.
The non-profit, which is being supported by District 3 Commissioner JoAnn Birrell, hopes to attract new businesses to the Canton Road Corridor through the process of gap financing-taking grant money from organizations such as the Development Authority of Cobb County and the Georgia Department of Community Affairs and turning it into bonuses given to businesses that will relocate to the corridor.
"Now that , we need to work on revitalizing the area," said Birrell.
The first step in this process is getting the non-profit created. Birrell hopes to have the paperwork ready to be filed with the IRS by the end of September, though she acknowledges that the wait time on the IRS to approve non-profit status can be lengthy.
Bob Abernathy, CPA and Northeast Cobb Business Association member, has offered to assist the organization in setting up its non-profit status.
The election for the board of directors will take place after the luncheon, which begins at 11:30 a.m. and will be held at .