Grant & Loan Awards: Dooly County


Equity

Dooly County

Equity Fund: $500,000

Awarded: 06/11/2008

Applicant: Dooly County


Description:
Equity funds for road and rail construction to assist Dooly County in the location of an asphalt plant facility in Vienna for Reeves Construction. Reeves will create 50 direct jobs from Macon and Pulaski Counties and generate $2.9 million in private investment. Reeves Construction is an asphalt company specializing in highway and commercial construction, residential and military infrastructure and airport development. The project is to construct an industrial road beginning at Georgia Pacific Road that extends approximately 6,000 linear feet southward to join the paved section of Richwood Road and to install 6,050 linear feet of rail spur. This is Phase I of a two phase plan – the second of which would bring the new employee count to 100 and be completed within a five year period. The project will provide needed infrastructure and add capacity by developing available public land that can be marketed to future prospects.


Total Budgeted Project Cost: $5,248,240


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