Grant & Loan Awards: Thomas County


Thomas County

Equity Fund: $500,000

Awarded: 03/07/2008

Applicant: Thomasville Payroll Development Authority

Equity funds to assist in the construction of two 100-foot by 100-foot box hangers at the Thomasville Regional Level III Airport. New hangers will replace existing 40-foot by 46-foot wooden hangers which are over sixty years old. The current hangars are too small to house corporate aircraft and are in need of replacement. The construction will allow owners (private and corporate) to secure their planes. Four corporate jet aircraft can be housed in the new hangars. The Airport houses 62 aircraft with 24,150 square-feet of corporate hanger space with no vacancies and a waiting list of nine. The runway, terminal building and other improvements (apron expansion and lighting) make the airport an excellent economic development resource for Thomasville and the region.

Total Budgeted Project Cost: $1,691,530

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