Grant & Loan Awards: Turner County


Equity

Turner County

Equity Fund: $500,000

Awarded: 01/18/2005

Applicant: Turner County Development Authority


Description:
Equity funds for the construction of a 50,000 SF speculative building on five acres in the new 120-acre Ashburn-Turner County North Industrial Park, strategically located near I-75. The authority intends to aggressively market the facility to light manufacturing and/or distribution in an effort to diversify their economy and combat the above-average unemployment rates that have plagued the area. The Authority seeks to utilize the marketing assistance of Georgia DED, Georgia Power, MEAG, GEMC and others.


Total Budgeted Project Cost: $534,000


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