Grant & Loan Awards: Grady County


Grady County

EDGE Fund: $800,000

Awarded: 04/18/2007

Applicant: Grady County Joint Development Authority

EDGE funds to assist with water and sewer infrastructure improvements in addition to the purchase machinery and equipment to support the expansion of the Timken Company’s existing Cairo plant. Timken is a leading manufacturer of engineered bearings, alloy steels and other related products that are being used in the aerospace, automotive, computer, industrial and rail industries. Started in 1898, Timken now has operations in 27 countries, over 27,000 employees and recorded $2.5 billion in sales in 2005. The Cairo facility, approximately 258,000 square-feet and situated on 87 acres, manufactures bearings for the automotive industry. Timken is closing its plant in Clinton, South Carolina, which will add 168 new jobs at the Cairo facility in addition to the existing 356 employees.

Total Budgeted Project Cost: $21,810,000

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