Grant & Loan Awards: Bacon County


Bacon County

Equity Fund: $200,000

Awarded: 03/10/2006

Applicant: Bacon County Development Authority

Equity funds for land acquisition costs for approximately 74 acres of land in order to establish an industrial park. There is currently a small amount of land available for future development. In addition, some of the land that is availalble is unsuitable to build. The proposed site is located adjacent to U.S. Highway 1 North and Cumberland Road (Fielding Road) in Alma. This development of an industrial park will be divided into two phases. Phase I will include land acqusition, storm water drainage and site access. Phase II consits of the construction of water and sewer infrastructure and street paving into the park.

Total Budgeted Project Cost: $352,672

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