Grant & Loan Awards: Hancock County


Equity

Hancock County

Equity Fund: $500,000

Awarded: 06/01/2007

Applicant: Sparta-Hancock County Development Authority


Description:
Equity funds to support building construction for the warehouse expansion at Saint Gobain Desjonqueres Manufacturing in Sparta, Georgia, that employs 238 and represents Hancock's only manufacturing industry. Saint Gobain is a France-based company in business since 1665 that has 190 locations throughout the U.S. and Canada, including six in Georgia. The Company is the leader in Europe and second worldwide in the production of bottles. The Sparta facility located in Hancock County decorates perfume bottles created at Saint Gobain's Covington, Georgia facility. The proposed expanded warehouse will be 130 by 150 feet and will serve the Company's new lacquer painting line. The Company leases the facility from the Development Authority.


Total Budgeted Project Cost: $1,819,900


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