Grant & Loan Awards: Haralson County
Equity funds to assist with the development of a regional comprehensive marketing/tourism plan to effectively position the Hwy 27 corridor and the associated 18 counties as a travel and tourism â€œdestination of choice.â€ The Hwy 27 Association was formed to promote economic development, tourism and the protection of cultural and scenic resources along US Hwy 27, which runs 352 miles along the western portion of the State. The Association's 18 member counties seek to build on their existing tourism industry and develop additional products. The group has provided $52,000 of in-kind work/investment to-date, and they recognize the value of developing key partnerships and alliances. These include working with GA DOT on their plans to four-lane Hwy 27. Add 18 counties
Equity funds to assist in funding water improvements to serve the 200-acre Georgia West Business and Technology Park. Suzukaku Company, Ltd. will construct a 35,000 SF manufacturing facility to operate a welding and small parts pressing facility to supply the ATV motor vehicle manufacturing industry. This Company will be the first industry to locate in the park. Funds will be used to construct a 12 water line and a 500,000 gallon water tank to provide Suzukaku with the fire protection it needs to operate and expand its welding and small parts pressing facility that the existing 8 water line cannot support. There is substantial public investment in this project as the community has applied for a $1,491,000 GEFA loan. West Central Technical College has committed to serve as a partner with Georgia Quick Start in initial training efforts for Suzukaku.
EDGE funds to acquire 459.5 acres needed for a manufacturing plant. The Authority has applied on behalf of American Honda Motor Company, Inc., an automobile manufacturer, that plans to construct a 250,000 SF automotive powertrain assembly plant in Tallapoosa. This plant will produce transmissions for the Honda Odyssey and Pilot that will support the Honda Manufacturing of Alabama, LLC in Lincoln, Alabama. This project will create 400 new jobs. Private investment is projected to be more than $115 million. This project is in competition with Alabama.
Equity funds for the upgrade of an industrial wastewater pretreatment facility to support the retention and expansion of a major employer, Mark-Lynn Foods, Inc. This company, with a $22 million private investment, is a Fortune 500 manufacturer of portion-control wet and dry condiment packets. Since 1983 Mark-Lynn Foods, the city's second largest employer, has worked to position the company to become a premier packager of 150 products including a heart-healthy sugar substitute. This project will retain 180 jobs and create an additional 40 new jobs.
Equity funds to run a sewer line to a 170-acre industrial park in the City of Buchanan.