Grant & Loan Awards: Union County


Equity

Union County

Equity Fund: $484,010

Awarded: 06/30/2010

Applicant: Union County DA


Description:
Equity loan funds will be used to assist with the construction of two 8,000 square foot speculative buildings and the extension of water and sewer lines on a prepared site in the Blairsville Airport Regional Industrial Park. Union County is located in northeast Georgia and has been especially hard-hit by the recession. The county’s unemployment rate has tripled over the last three years and the county believes that marketable facilities will allow them to attract new businesses and create desperately-needed jobs. This project is Phase I of a two-phased project, with the second phase being the construction of two additional 8,000 square foot buildings. The conceptual design of the buildings allows for each building to stand alone or be connected to one or more of the others. The counties of Towns, Fannin, Habersham, Lumpkin, White, Rabun, Dawson and Gilmer are in full support of this project.


Total Budgeted Project Cost: $1,014,960


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