Grant & Loan Awards: Jefferson County


Equity

Jefferson County

Equity Fund: $499,954

Awarded: 01/18/2005

Applicant: Louisville, City of


Description:
Equity funds to assist with the construction of a 3,612 SF terminal building at the Louisville Regional Airport, a Level III airport as designated by DOT. The current facility was built in 1975 and is in very poor condition. A new terminal will serve as the gateway to the region, providing a positive first impression for arriving industrial prospects, corporate management and visitors for the annual Masters golf tournament, area Fox Hunts and other tourism activities. The airport serves a number of nearby cities including Wrens, Waynesboro, Millen, Sandersville and Swainsboro. The airport, with two fixed based operators, is on the US 1 corridor in Jefferson County and is strategically located adjacent to the 320-acre Louisville Airport Industrial Park. It is anticipated that the airport improvements will have a positive impact on economic development efforts in the region.


Total Budgeted Project Cost: $2,944,250


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