Grant & Loan Awards: Talbot County


Equity

Talbot County

Equity Fund: $500,000

Awarded: 03/10/2006

Applicant: Valley Partnership Joint Development Authority


Description:
Equity funds for road and site improvements to the 100-acre Talbot County Industrial Park located off of Highway 80 in the City of Talbotton. The property was donated to the Development Authority of Talbot County and will include 15 sites. The Development Authority plans to construct a 25,000 square-foot speculative building. As recommend by the Base Realignment and Closure Commission (BRAC), Fort Benning will be expanded over the next four years. As a result, the community expects substantial population growth and military contracts, which will need “shovel ready” sites for development. In addition, up to 70% of County residents must travel significant distances outside the County for employment. Two prospects have committed to locate in the park with projected employment of 14.


Total Budgeted Project Cost: $2,182,210


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