Grant & Loan Awards: Lowndes County


Lowndes County

EDGE Fund: $750,000

Awarded: 09/20/2005

Applicant: Valdosta-Lowndes County Industrial Authority

EDGE funds to assist in site preparation. The Authority has applied on behalf of Lowe's Home Centers, Inc., the second largest home improvement chain in the world. The Company plans to expand its current regional distribution facility in Valdosta by adding 659,965 square-feet of warehouse operating area. The Development Authority will provide approximately 82 acres for the expansion. This project will retain 637 jobs (full-time and part-time) and create at least 100 new jobs within twelve months. Private investment is projected to be $23.5 million. This project is in competition with Alabama and Mississippi.

Total Budgeted Project Cost: $28,589,300

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