Grant & Loan Awards: Glascock County


Equity

Glascock County

Equity Fund: $500,000

Awarded: 11/07/2007

Applicant: Glascock County Industrial Development Authority


Description:
Equity funds to assist with land acquisition of 140 acres to establish Glascock County's first industrial park. The County currently has no land to recruit industry and recently had to turn away a trucking and freight company that would have created 150 jobs. The County's current industries are limited to farming, forestry and kaolin. The proposed site is adjacent to GA 102, 21 miles from I-20, just outside the county seat of Gibson and was selected from four potential sites. Its proximity to major transportation routes makes it desirable as an industrial site, and jobs created would benefit five surrounding counties. Industries have previously approached the IDA with interests in locating to Glascock County, but suitable property was unavailable. The site will be divided into 7 lots.


Total Budgeted Project Cost: $559,874


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