Grant & Loan Awards: Lowndes County


EDGE

Lowndes County

EDGE Fund: $1,000,000

Awarded: 08/27/2008

Applicant: Valdosta-Lowndes County Industrial Authority


Description:
EDGE grant funds to assist with site preparation in support of the location of a distribution center for The Home Depot, Inc. (HD), the world’s largest home improvement specialty retailer. The Company plans to construct a 657,600 square-foot facility on 89.7 acres in the Lake Park Industrial Park in Valdosta. The Home Depot, Inc., founded in 1978, is a Fortune 500 company and has over 2,200 stores throughout the world with more than 331,000 associates. The corporate headquarters is located in Atlanta, Georgia. This project is expected to have a regional impact as Lowndes County draws its employment from seven surrounding counties. This project is in competition with Florida.


Total Budgeted Project Cost: $36,592,300


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