Grant & Loan Awards: Grady County


Equity

Grady County

Equity Fund: $500,000

Awarded: 12/07/2009

Applicant: Grady County Joint Development Authority


Description:
Equity grant funds to assist with the acquisition of 175 acres of land ($2.2million) to expand the existing 179-acre Milestone Industrial Park in Cairo, Grady County. The property is located just off Hwy 84, has CSX rail access and is attractive for companies needing access to the tri-state market of Georgia, Florida and Alabama. The City of Cairo has committed to provide all utilities ($1 million) including water, sewer, electricity and natural gas extensions. The Industrial Park was established in 1990 and has become the primary location for much of the industry located in the County, currently serving 17 industries with an estimated 950 workers. Because only small (4 to 10 acre) tracts remain in the original park, Grady County recognized the need to expand the Park, having larger sites available for prospective industries.


Total Budgeted Project Cost: $3,276,280


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