Grant & Loan Awards: Pierce County


Equity

Pierce County

Equity Fund: $500,000

Awarded: 08/26/2003

Applicant: Blackshear, City of


Description:
Equity funds to provide gap financing for public infrastructure, specifically water and sewer, to the original 150-acre Industrial Park under development by the City of Blackshear, Pierce County, Pierce County I.D.A.and Okenfenokee Area D.A. (OADA). The park, located between Waycross and Blackshear on US Highway #84, is occupied by eight industries. The eight industries occupy 74.8 acres of the park with a total of 117 existing full-time employees at the Park. Two of the industries use highly combustible materials. Currently, all industries depend on private wells and septic tanks for water and sewer.


Total Budgeted Project Cost: $1,729,220


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