Grant & Loan Awards: Troup County


Equity

Troup County

Equity Fund: $500,000

Awarded: 09/08/2004

Applicant: West Point, City of


Description:
Equity funds to construct public infrastructure improvements to an additional 60 acres at the West Point Technology Park. The economy of the area has struggled with the closure of textile manufacturing facilities along with a slow recovery in the high-tech sector. The development of the 60-acre tract is an important strategy to support further diversification of the area’s economy. The applicant indicates that less than 7 acres with infrastructure is available in the original industrial park development that can be marketed to prospects.


Total Budgeted Project Cost: $1,481,770


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