Grant & Loan Awards: Sumter County


Equity

Sumter County

Equity Fund: $400,000

Awarded: 12/01/2008

Applicant: Americus-Sumter Payroll Development Authority


Description:
Equity funds to assist with construction of 2,500 LF of track to handle railcars moving through the repair shop at Southeast Railcar and Locomotive Service, Inc. (SERCL), a division of the Heart of Georgia Railroad. SERCL has established a 23-acre railcar refurbishment facility west of Americus, Sumter County. The owner/manager team of HOG Railroad and SERCL, with many years experience in railroad operations and railcar repair, recognized a demand for railcar repair and a shortage of repair facilities in the Southeast. SERCL contracts with major railroads to provide maintenance, cleaning and repairs. In addition, SERCL has partnered with South Georgia Technical College to develop curriculum to support training for qualified railcar repair specialists. In order to meet demand and perform work in a timely manner, SERCL is expanding facilities to provide capacity to repair multiple box cars simultaneously under one roof as well as constructing a paint booth for painting rail cars.


Total Budgeted Project Cost: $1,538,820


« See all awards for Sumter County