Grant & Loan Awards: Hart County


Equity

Hart County

Equity Fund: $235,807

Awarded: 11/07/2007

Applicant: Franklin, Hart and Stephens Counties, Joint Development Authority of


Description:
Equity funds to improve and extend a publicly owned rail spur on the Hartwell Railroad main line to serve businesses in Hart County. Specifically, 330 LF of existing rail spur would be refurbished, 1,130 LF added, and a required switch on the main line of Hartwell RR will be installed. Contingent on the rail spur, Quality Industries, with a private investment of $1.7 million and 50 employees to date, has committed to an additional $300,000 investment and will hire 25 new employees. Best Powder plans to invest $500,000 and create 4 jobs. Liberty Pultrusions will invest $435,000 and create 15 jobs.


Total Budgeted Project Cost: $1,664,400


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