Grant & Loan Awards: Gordon County


Equity

Gordon County

Equity Fund: $500,000

Awarded: 01/18/2005

Applicant: Calhoun, City of


Description:
Equity funds to assist with public infrastructure to serve the 240-acre Raymond King Industrial Park including 1,500 LF of water line and 24,000 LF of sewer line. Infrastructure will serve bird in hand LG Chem as well as build-out of remaining acreage to support future development. Calhoun and Gordon County, as the only county located along I-75 between Atlanta and Chattanooga that is not within an MSA, have developed an aggressive marketing plan to accentuate their low cost-of-living, quality-of-life and access to a quality work force. This strategy is expected to develop a strong industrial tax base for the area.


Total Budgeted Project Cost: $4,710,460


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