Grant & Loan Awards: Bacon County


Equity

Bacon County

Equity Fund: $488,541

Awarded: 06/01/2007

Applicant: Southeast Georgia Regional Development Authority


Description:
Equity funds to support the expansion of the Michigan Blueberry Growers (MBG) facility in Alma. MBG is a producer-owned blueberry cooperative formed in 1936 that processes blueberries from 94 active member-growers on over 2500 acres in 18 South Georgia counties. The Equity loan would be used for building construction of a pre-cooler building, dry storage room and office space for the expansion of the existing processing plant in Alma. The expansion will provide much needed cooling space to support the continued growth of blueberries in Georgia. UGA's Agribusiness and Economic Development staff estimated the economic impact of blueberries in Georgia at $97.4 million resulting in nearly 1400 full-time and part-time jobs. The member growers estimate this expansion will create 66 additional FTE jobs.


Total Budgeted Project Cost: $799,599


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