Grant & Loan Awards: Thomas County


EDGE

Thomas County

EDGE Fund: $350,000

Awarded: 11/30/2009

Applicant: Thomasville Payroll Development Authority


Description:
EDGE grant funds to assist with site preparation and construction for the expansion of Senior Life Insurance Company (SLIC) in Thomasville. SLIC is a Thomasville based insurance company that has been in business more than 37 years. The Company is licensed to underwrite life and health insurance products in 20 states and the District of Columbia. It is a niche company which offers insurance products to senior citizens. SLIC has 75 employees in Thomasville and occupies 9,000 square feet of rental office space. In 2000, SLIC operated in Georgia and five other southeastern states and in 2002 and 2003, expanded to eight additional states, with two other state applications currently pending. With rapid growth, SLIC has outgrown its current facility, prompting management’s decision to expand its corporate headquarters in Thomasville or move to Florida. The Company plans to construct a 40,000 square foot facility on a 10-acre tract located at the intersection of West Jackson Street and U.S. Hwy 319 South in Thomasville.


Total Budgeted Project Cost: $7,973,960


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