Grant & Loan Awards: Meriwether County


Equity

Meriwether County

Equity Fund: $500,000

Awarded: 09/08/2004

Applicant: Meriwether County Industrial Development Authority


Description:
Equity funds to assist with road improvements along a one-mile section of Old Woodbury Road and Georgia Hwy 85 West to provide truck access to the new manufacturing facility of Sims Bark Company. The company, with three plants and headquartered in Muscle Shoals, Alabama, manufactures landscape materials and produces mulch for sale at retail outlets such as Lowe’s, Pike’s Nursery and Home Depot. The company, expected to be operational early next year, is expected to invest $10 million at the 101-acre facility just outside Woodbury and hire 54 jobs immediately and up to 70 employees over the next three to five years.


Total Budgeted Project Cost: $11,005,500


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