Grant & Loan Awards: Crisp County


Equity

Crisp County

Equity Fund: $500,000

Awarded: 12/07/2009

Applicant: Cordele, City of


Description:
Equity loan funds to assist with road widening improvements along Frontage Road and Kelly Road to State Route 300 in order to open up the area to commercial development opportunities and encourage tourism to the area by accommodating the heavy traffic from I-75 and SR 300. The City of Cordele is located in Crisp County in south middle Georgia in a federally designated Empowerment Zone. Crisp, Dooly and Wilcox Counties have some of the worst poverty levels in the state. The proposed road improvements would increase the number of customers willing and/or able to access businesses along Frontage Road. Businesses to benefit from the road widening improvements are McDonald’s, Flash Foods, Papa’s Southern Meats and Eats, Back Woods Outdoors and Shelby’s Market Place. These Companies and the developer have provided a firm letter of commitment that assures the creation of 68 jobs and the provision of $7,960,648 in private investment.


Total Budgeted Project Cost: $9,476,650


« See all awards for Crisp County