Grant & Loan Awards: Macon County


Macon County

Equity Fund: $479,459

Awarded: 09/08/2004

Applicant: Macon County, Development Authority of

Equity funds to purchase new equipment to support the expansion of Integrated Composite Technologies, a manufacturer of wood and plastic composite products made completely from recycled waste materials. The new hi-tech extruder production equipment will enable the company to more aggressively compete in the global marketplace. The company began as a start-up in 2001 and has invested $11.5 million at the Macon County facility and employs 61 people. Expansion plans include the creation of 60 new jobs and an additional private investment of $4.5MM.

Total Budgeted Project Cost: $5,442,630

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