Grant & Loan Awards: Stephens County


Stephens County

Equity Fund: $500,000

Awarded: 12/07/2009

Applicant: Toccoa-Stephens County Airport Authority

Equity grant funds to assist with construction of a 5,948 SF terminal facility at the Toccoa-Stephens County Regional Airport at R.G. LeTourneau Field. Presently a small office within a privately-operated maintenance hangar serves as the airport terminal. The airport, located in the northeastern corner of the state, is centrally located near the Georgia and North/South Carolina borders and serves as a gateway to the Northeast Georgia Mountains. Statistics reflect that this Level II airport handles comparable traffic to other Level III airports (Cornelia, Blairsville) and is Georgia's northernmost airport before entering mountainous terrain, serving as a hub for Blue Ridge and Smoky Mountain tourist traffic. While neighboring Franklin and Hart Counties are served by two airports, neither have adequate facilities to welcome/meet prospective business clients. This proposed airport terminal will play a pivotal role in attracting regional business and tourism prospects to the Northeast Region. After losing 2,000+ furniture manufacturing jobs and similar amount of textile jobs, this region has adopted a plan to attract smaller diversified industry.

Total Budgeted Project Cost: $3,227,200

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