Grant & Loan Awards: Baldwin County


Equity

Baldwin County

Equity Fund: $500,000

Awarded: 06/01/2007

Applicant: Milledgeville and Baldwin County, Development Authority of the City of


Description:
Equity funds to assist in constructing a 60,000 SF speculative building (with an option to expand to 120,000 SF) to be located in the Milledgeville Baldwin County Industrial Park to attract industrial prospects to the area. The community plans to partner with GDEcD, Georgia EMC and GA Power to promote and market the building. The project's timeline would have the building completed by September 2007. The application referenced two companies who have expressed interest in beginning operations in Georgia the last quarter of 2007, one of which is interested in locating in Milledgeville. The Development Authority has secured local financing through five local lenders.


Total Budgeted Project Cost: $2,061,250


« See all awards for Baldwin County