Grant & Loan Awards: Lumpkin County


Lumpkin County

Equity Fund: $193,369

Awarded: 06/13/2006

Applicant: Lumpkin County, Development Authority of

Equity funds for water infrastructure and road improvements to serve the proposed Timken U.S. Corporation relocation and expansion as well as to attract other industry to the area. The Equity funds would be used for water improvements of construction of approximately 2,000 linear feet of 12-inch water line, including installation of fire hydrants and isolation valves to facilitate future expansions. The roadway improvements will include construction of approximately 1,500 yards of paved roadway within the Red Oak Flats Industrial Park designed to support heavy truck traffic. This project will create 50 new jobs in addition to the 250 existing jobs.

Total Budgeted Project Cost: $15,496,400

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