Grant & Loan Awards: Coffee County


Coffee County

Equity Fund: $500,000

Awarded: 06/30/2010

Applicant: Douglas-Coffee County IA

Equity loan funds will be used to assist with the construction of a 100,000 square foot speculative industrial building in Park West in Coffee County. Coffee County’s spec building program has proven successful and has brought 2,283 jobs to the area. This will be the community’s fifth spec building and will benefit not only Coffee County, but the region as well, as it has been reported that over 20% of Coffee County’s workforce does not reside in Coffee County. The Georgia Department of Labor (DOL) located a new Regional Career Center in Park West and, as a part of its strategic plan, the Industrial Authority entered into a long-term agreement with DOL and private partners to construct a new Regional Workforce Development Center at the Park Entrance, which serves Atkinson, Bacon and Coffee counties as a source for regional labor delivery. There is also a marketing strategy and plan to market this speculative building to other prospective businesses for Park West.

Total Budgeted Project Cost: $2,915,190

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