Grant & Loan Awards: Coffee County


SILF

Coffee County

SILF Fund: $2,500,000

Awarded: 12/01/2008

Applicant: Douglas-Coffee County Industrial Authority


Description:
SILF funds to support the expansion of Optima Chemical Group, LLC (OCG). Loan to expand the current facility on a 32-acre site in Douglas, construct a new building containing clean rooms for product isolation and packaging pursuant to FDA requirements and purchase new equipment. OCG, formed in 1997, manufactures custom industrial and organic chemicals, conducts research and develops new products for the pharmaceutical, nutraceutical, bioscience, personal care and foods/flavors industries. OGC’s research and manufacturing operations can support projects from a pre-clinical stage to full-scale production application. Over the last five years the Company has invested over $11 million to add capacity including chemical reactors and needed support equipment to meet growing demand. As a result, OCG is experiencing significant growth which now requires an extensive expansion of its physical facility, core infrastructure services and the purchase of strategic pieces of production equipment needed to support additional production.


Total Budgeted Project Cost: $7,100,000


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