Grant & Loan Awards: Dougherty County

Program

Date Awarded

Amount

Equity
Equity
05/09/2003
$500,000

Equity funds to assist with site improvements in the development of the 120 room Hilton Garden Inn Hotel and adjoining 20,000 SF Conference Center along the Flint River in downtown Albany. This project is located near the community's existing 10,000 seat civic center and is seen as a key component of Albany's Downtown Riverfront Revitalization Master Plan adopted in 1998. The applicant expects more than 100 jobs to be created as a result of this project.

Equity
Equity
05/09/2003
$15,750

Equity funds to assist with the cost of a feasibility study to determine the economic impact of promoting Nature-Based Tourism within the four county area. The JDA's strategy includes marketing the region's hunting plantations and other natural settings in the four county area. The study will be conducted by the Tourism and Regional Assistance Center at Ga. Tech.

EDGE
EDGE
03/05/2003
$1,000,000

EDGE funds to construct a 75,000 sq.ft. building within the Pecan Grove Industrial Park in Albany to be occupied by American Signature Bedding. American Signature manufactures bedding supplies. Scheduled to begin operations December 2003, American Signature will employ 50 persons at start-up and increase to 100 persons within 24 months.

EDGE
EDGE
03/08/2002
$1,000,000

EDGE funds to retrofit building and provide the components necessary to convert the space from a standard retail facility to a sophisticated state-of-the-art technical service center.Facility will be leased to CallTech Communication, Inc. CallTech will provide technical customer service support for BellSouth Internet Service consumers, primarily for ADSL connectivity issues. Project is expected to begin in June 2002 with approximately 150 customer service agents. Long-term job creation is expected to be 600.

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