Grant & Loan Awards: Putnam County


Equity

Putnam County

Equity Fund: $500,000

Awarded: 12/15/2010

Applicant: Putnam Development Authority


Description:
Equity grant funds of $500,000 will be used to assist with the construction of an access road and entryway into the newly acquired 130-acre tract of land, Rock Eagle Science & Technology Park. The project site is located along US Hwy 441, just north of the City of Eatonton and 14 miles from I-20 in Madison. The site plan for the Park consists of 21 parcels ranging from 3.4 to 10.6 acres which will be marketed to small and medium-sized technology-sector companies. The Putnam County high school campus is located on 129 acres on the northern end of the property and the Science Technology Park will be located on 130 acres on the south end of the property. In order to market to potential tenants, it is necessary to construct an entryway into the Science and Technology Park.


Total Budgeted Project Cost: $2,859,570


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