Grant & Loan Awards: Mitchell County


Equity

Mitchell County

Equity Fund: $500,000

Awarded: 12/16/2002

Applicant: Brooks, Colquitt, Grady, Mitchell and Thomas County, Joint Development Authority of


Description:
Equity funds to aid in the purchase and rehabilitation of the historic Hand Trading Company Building, preserving a local treasure for the community while also renovating the facility to support job retention and increase new job opportunities. The Hand Building, dating from 1916, is the most prominent landmark in downtown Pelham. The building is currently occupied by RESA, a restaurant, gift shop, optometrist and a hardware store, providing 44 jobs in the community. The renovation of the building is seen as a major component of the community's downtown revitalization efforts. The renovation is expected to create a minimum of 18 new jobs in addition to the 44 currently employed there.


Total Budgeted Project Cost: $1,370,000


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