Grant & Loan Awards: Richmond County
BRIDGE grant funds of $173,100 will be used to assist with the cost of a feasibility study and technical needs assessment to determine the economic benefits and cost of providing broadband access to underserved and unserved areas within the CSRA including Burke, Hancock, Glascock, Jefferson, Jenkins, Richmond, Taliaferro & Washington counties, part of a 12-county region that all contributed financially to this project. The ARRA application was submitted and denied. Despite denial, the plan lays the groundwork for creating a viable regional network and the process enabled neighboring communities to have meaningful dialogue regarding revenue sharing and infrastructure development. The Authority plans to use the assessment to pursue other funding sources such as Homeland Security grants and USDA's Telehealth program. The project sets the stage for the enhancement of the regional workforce through education.
EDGE grant funds of $2,475,000 are awarded to assist with the Phase II construction of a 160,000 square foot customer care center in support of Automatic Data Processing, Inc. (ADP). ADP, a Fortune 500 company based in New Jersey, is a diversified outsourcing service company employing over 45,000 people throughout the world. The company is a leading provider of computerized transaction processing, data communication and information services for employers of all sizes. Business units include: 1) Employer Services, 2) Brokerage Services, 3) Dealer Services and 4) Securities and Outsourcing Services. As an example of their strong track-record of success, ADP processes the paycheck for one-in-every-six private-sector workers in the U.S. The company previously met their Phase I job creation goals of 450 new jobs and private investment of $4.1 million.
BRIDGE funds to assist with the cost to develop a feasibility/business case conducted by Key Bridges that will help the five-county area (Burke, Jefferson, Jenkins, Richmond and Washington) determine their local needs and opportunities for Broadband service. Specifically, Key Bridges will work with local stakeholders to articulate a vision, conduct a needs assessment, provide application identification/suggested solutions, determine a business case-driven total cost of ownership and produce a deployment and sustainability plan. If successful, a wireless Broadband network will allow businesses within the economically-distressed five-county region to better compete in the global marketplace. TPC is $50K with a Local commitment of $10K divided among the prospective counties.
EDGE funds to purchase equipment in support of the location of a 78,000 SF customer-care facility for T-Mobile in Augusta, Georgia. T-Mobile is one of the top four carriers in the U.S. followed by AT&T, Verizon Wireless and Sprint Nextel. The Companyâ€™s U.S. operation, T-Mobile USA, Inc., serves over 27 million mobile customers, employs over 29,000 and is capable of serving all Americans through its established network. Deutsche Telekom Group AG, the parent company, is ranked #56 on the Forbes Global 2000 listing of the worldâ€™s largest public companies. The U.S. subsidiary is based in Bellevue, Washington. The Company has created 240 new jobs to-date at the Augusta facility. This project was in competition with Idaho, Utah and Washington.
Equity funds to equip the Augusta BioBusiness Center in Richmond County, Georgia. The center will house between three and six businesses engaged in the life sciences industry. This will be the second life science incubator in east central Georgia and is needed due to MCG Life Sciences Business Development & Innovation Center being at full capacity as well as the demand from companies needing this type of facility. The incubator will include a wet lab, dry lab, and office space. MCG cannot expand at its current location on the medical campus. This project will create 22 jobs immediately.
EDGE funds to purchase telecom equipment in support of the location of Automatic Data Processing, Inc. (ADP) to Augusta, Georgia. The Company will initially lease a facility located on Stevens Creek Road and then build its own facility. ADP is a provider of computerized transaction processing, data communication and information services for employers of all sizes. The Company provides its clients with some of the following services: payroll, human resources, 401(k) retirement services, expense management, time and labor management, tax and compliance management, benefit administration, and screening and selection services. ADP, a New Jersey-based company, is publicly traded on the New Your Stock Exchange. In addition, the Company employs over 46,000 people and has operations throughout the world.
Equity funds to assist Walton Holdings, LLC, with the purchase and renovation of the Partridge Inn, a historic hotel built in 1861 located on Walton Way in Augusta. The Equity funds would be used for building improvements to this historic hotel that will aid the area's tourism efforts. This renovation project will create 53 new FTE jobs.
EDGE funds to assist with land acquisition for the location of a distribution center for FedEx Ground, North America's second-largest ground carrier, to Richmond County. The company intends to locate a 38,000 SF FedEx Corporation Ground Division distribution center on a 7.26-acre site at Riverwatch Parkway in Augusta. This project will create 40 new full-time jobs and 40 part-time jobs within two years with private investment of $920,000. Augusta, Richmond County is in competition with North Augusta, South Carolina.
Equity funds to assist in the development of 14,820 SF Life Sciences Incubator to assist biotech entrepreneurs in research and development. Located in one of Georgia's premier medical research zones and partnering with the Medical College of Georgia, the incubator will offer a complete array of laboratory and office space, specialized equipment, access to campus resources and business development services and counsel for companies. The project expects to create up to 75 jobs within five years by spinning off entrepreneurial start-up medical companies to Tier 1 and 2 counties located in this economically depressed region.
EDGE funds to assist with infrastructure improvements to be made on land acquired to accommodate the expansion of the Castleberry's plant in Augusta, Ga. Castleberry's will invest $16 to $20 million and create 150 jobs (in addition to the 330 to be retained) in a five-year capital expansion plan.