Grant & Loan Awards: Meriwether County


Equity

Meriwether County

Equity Fund: $411,000

Awarded: 12/16/2002

Applicant: Meriwether County Industrial Development Authority


Description:
Equity funds to assist in the construction of a 53,000 SF speculative building in the Manchester Industrial Park located in Meriwether County. The county, with a declining agricultural economy and insufficient infrastructure development, has an unemployment rate over 8%. The community plans to aggressively market the facility in hopes of expanding the industrial base and job opportunities in the area.


Total Budgeted Project Cost: $501,771


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