Grant & Loan Awards: Madison County


Madison County

Equity Fund: $500,000

Awarded: 06/24/2009

Applicant: Madison County Industrial Development and Building Authority

Equity funds to assist with sewer infrastructure improvements along Highway 29, south of Danielsville and north of Athens-Clarke County, to encourage growth and job opportunity for Madison and surrounding counties. The Highway 29 corridor has high commuter traffic each day as over 70% of its population commutes out of the county to work. The proposed improvements would open up the area for future commercial development. Many of the goods and services that are purchased out of the county can then be purchased inside the county. It will also allow for the expansion of already existing businesses in the area. The proposed infrastructure will immediately support the expansion of Ingles, Inc., whose current 60,000 square foot facility on Hwy 29 uses a septic tank system can no longer handle its wastewater needs. The proposed improvements will include a new Wastewater Treatment Facility with 100,000 GPD capacity, a pre-treatment plant, a pump station and 8” force main, to serve a new 80,000 square foot Ingles grocery store facility. The new Ingles’ facility will create 27 full-time jobs. Ingles is contributing $335,000 for the wastewater improvements.

Total Budgeted Project Cost: $3,314,500

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