Grant & Loan Awards: Turner County


Equity

Turner County

Equity Fund: $500,000

Awarded: 09/13/2005

Applicant: Turner County Development Authority


Description:
Equity funds to construct a 25,000 square-foot building in support of the location of Nationwide Fiberglass, Inc., a swimming pool manufacturing company headquartered in California. The company will utilize the Ashburn site as the anchor for its east coast business, allowing them entrance into the southeastern US market.The company, situated on 20 acres of land, will serve as the anchor tenant in the recently completed Ashburn-Turner Industrial Park located just off I-75. Nationwide Fiberglass, Inc. manufactures one-piece fiberglass pools and is considered one of the top three pool manufacturers in the United States. In addition, the Company will generate indirect positive economic impact by purchasing raw materials from suppliers located in Georgia. This project will create 12-15 jobs by the end of the first year and up to 50 new FTE jobs within four years.


Total Budgeted Project Cost: $3,135,000


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