Grant & Loan Awards: Decatur County


Equity

Decatur County

Equity Fund: $400,678

Awarded: 12/15/2010

Applicant: DA of Bainbridge and Decatur County


Description:
Equity grant funds of $400,678 will be used to assist with water system and road infrastructure improvements in support of Meredian, LLC, a biopolymer company located in the Decatur County Industrial Park, as well as other potential industries looking to locate in the 185,000 SF (former American Fibers and Yarns) manufacturing facility which was acquired by the DA in 2009. Meredian’s parent company is Danimer Scientific, founded by Dr. Daniel Carraway, PhD in biotechnology and the holder of 20+ patents. Construction of an access road to the manufacturing facility and connection to the public water system are essential elements for effectively using the facility for multiple industries. Meredian, LLC is a Decatur County based company which produces resins used in the manufacture of a wide variety of biodegradable products such as trash bags, hay bale wraps, and landscaping fabrics.


Total Budgeted Project Cost: $36,130,400


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