Grant & Loan Awards: Richmond County


Richmond County

Equity Fund: $345,000

Awarded: 09/04/2007

Applicant: Georgia Medical Center Authority

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.

Total Budgeted Project Cost: $1,239,690

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