Grant & Loan Awards: Thomas County


Equity

Thomas County

Equity Fund: $500,000

Awarded: 12/15/2010

Applicant: Thomasville PDA


Description:
Equity grant funds of $500,000 will be used to assist with road infrastructure improvements to serve a new 300-acre industrial park in Thomas County. The establishment of the Park will enable the PDA to promote the availability of large industrial sites with access to Hwy 319. Other industrial parks in the County have no available sites of appreciable size or development potential. The new industrial park is strategically located with respect to Florida markets and the interstate highway transportation system. The selected site is located on a 4-lane highway less than 50 miles from I-75 and 30 miles from I-10. Due to initial costs of extending utilities to the Park, a two-phase construction program is recommended, with utilities extended to serve half of the total acreage initially. Interior Park road and drainage construction will also be undertaken in two phases with Phase I to include paving of 6,600 ft of roadway and related drainage improvements within the Park. Requested OneGeorgia funds would be used for a portion of those improvements.


Total Budgeted Project Cost: $6,411,130


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