Grant & Loan Awards: Seminole County


Equity

Seminole County

Equity Fund: $500,000

Awarded: 05/09/2003

Applicant: Seminole County Development Authority & Donalsonville


Description:
Equity funds to assist in the purchase of specialized equipment to support a regional peanut shelling facility to be constructed in Donaldsonville. American Peanut Farmers is a 65-member group of growers in five SW Georgia counties. The growers propose to process 60,000 tons of peanuts annually. The project will create 70 new jobs and provide an annual payroll of $1.6 million to the region while also providing an opportunity to expand the farm dollars generated and retained within Georgia through value-added processing.


Total Budgeted Project Cost: $16,566,600


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