Grant & Loan Awards: Ben Hill County


Equity

Ben Hill County

Equity Fund: $500,000

Awarded: 12/01/2008

Applicant: Fitzgerald-Ben Hill County Development Authority


Description:
Equity funds to assist with the purchase of machinery and equipment on behalf of Agri-Products, Inc./Suncoast Bedding’s (API) location to the Fitzgerald Industrial Park in Ben Hill County. API manufactures superior animal bedding using pure pine. The timber is harvested, chipped into shavings, dried and compressed into bales for shipping. The company serves US clients and exports to Korea, China, Dubai, Mexico and Canada. API has expanded into Fitzgerald for availability to the Georgia ports and the regional availability of pulp timber. The company expects to purchase $5 million of timber annually from within a 50 mile radius. API commits to a private investment of $5,414,000.


Total Budgeted Project Cost: $6,497,010


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