Grant & Loan Awards: Hart County


Equity

Hart County

Equity Fund: $150,000

Awarded: 11/07/2007

Applicant: Hart County Industrial Building Authority


Description:
Equity funds to assist with sewer infrastructure extension from Gateway Industrial Park to 114 acres of developable land adjacent to the Park which is owned jointly by Hart and Franklin counties. The site is located along I-85 between Atlanta and Spartanburg. Specifically, the funds will be used to provide 3,272 LF of 10 inch PVC gravity sewer infrastructure to serve the additional acreage and will provide economic development capacity to Hart County and the region. Correspondence from Georgia Department of Economic Development indicates that Fenner Dunlop Americas, Inc. plans to locate a 300,000 SF facility in the Gateway Industrial Park, and if this project comes to fruition the Park will be at capacity, and no remaining industrial land will be available in Hart County. This project is anticipated to be a tremendous stimulant to future industrial development and to the Hart County economy where unemployment is high due to numerous plant closings.


Total Budgeted Project Cost: $1,821,990


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