Grant & Loan Awards: Sumter County


Sumter County

Equity Fund: $353,659

Awarded: 01/18/2005

Applicant: Americus-Sumter Payroll Development Authority

Equity funds to finance a packaging system and commercial cooling equipment required to expand Americus Bean Company (ABC), a start-up company begun in 2002, creating 37 new jobs and protecting 28 existing jobs. The owners of ABC include a team of 11 successful produce growers whose families have made a living from agriculture for generations in Macon, Marion, Sumter and Schley Counties. ABC is a young business in an innovative and creative product offering that is gaining the attention of the fruit and vegetable industry. ABC is a value-added produce processing company that supplies washed, cut and packaged pod-type produce to wholesale food distributors and marketers serving the retail supermarket industry including green beans, yellow squash, zucchini squash and okra. They have developed an exclusive patent-pending process that extends the shelf life of green beans and are continuing R&D to apply this process to other vegetables as well. ABC is currently packaging produce under national trademarked brand labels.

Total Budgeted Project Cost: $973,219

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