Grant & Loan Awards: Toombs County


Toombs County

Equity Fund: $500,000

Awarded: 01/18/2005

Applicant: Toombs County Development Authority

Equity funds to assist with construction of a 100,000 SF expandable speculative building in the 160-acre Toombs Corporate Center located north of Lyons on US Highway 1. GDEcD provided guidance on the construction of the building which is located on an 18-acre site in the park with exterior walls of pre-stressed concrete 8 inches thick with 2 inches of insulation. The roof will be Duralast vinyl roofing with a 30-foot ceiling height. The applicant commits to maintain the facility while marketing through GDEcD, Georgia Power and Oglethorpe Power. The strategic location of the industrial park, complete with public infrastructure and a spec building, is expected to enhance the overall marketability of the region.

Total Budgeted Project Cost: $1,816,880

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