Grant & Loan Awards: Upson County
EDGE grant funds of $375,000 will be used to support the location of AHS Animal Health and Sciences, Inc. AHS, a biochemical manufacturer, will occupy an existing 275,000 SF facility on 90 acres of land within the Thomaston-Upson County Industrial Park. The parent company of AHS, Apollo Technologies, Inc., has been in business since 1970 and is the largest contract packager of products that protect small and large animals such as dogs, cats, equine, farm and dairy animals from a wide range of pests. Pet care spending has nearly quadrupled from $17 billion in 1994 to $65 billion for 2009 and is expected to continue to grow. The Thomaston facility plans to manufacture a new line of highest quality, non-toxic, biodegradable chemicals to be used in the animal health industry. Completion of the first production line is scheduled for January 2011.
Equity funds to assist with the construction of a rail spur off the Norfolk Southern rail line to Central Georgia Business and Technology Park to serve an existing company, InnoWare Plastic, Inc. (IPI), as well as future tenants within the park. IPI, with 134 existing jobs in Thomaston, also has a facility in Chattanooga and has expressed the need for railroad service for the transport of materials which would also provide the opportunity to create 45 additional jobs in Thomaston for a total of 179 jobs. The Chattanooga site currently encompasses a railroad. Acquisition of the property for the railroad spur is estimated at $250,000 with the rail spur estimated at $1.2 million. Total project cost is $1,500,000.
ESB loan guarantee for the acquisition of a building for E7 Technologies, Inc. of Thomaston. E7 Technologies, Inc., owned by Robert and Gail Eagle, began operations in March 2003, as a company refurbishing cell phones and cell phone batteries for wireless carriers and major retailers such as Verizon, Radio Shack and Sprint. Bank of Upson in Thomaston is the lender.
EDGE funds to assist in the purchase of the 400,000 square foot Thomaston Mills Lakeside Facility to be leased to Atlantic Paper and Foil Company, Inc. The facility's operations will consist of converting and packaging lines for production of Consumer and Away-from-Home tissue products. Atlantic Paper forecasts creating 80-100 jobs in 2002-2003 with a payroll $3.8 million.
EDGE funds to assist in the acquisition of the 524,000-square-foot Thomaston Mills Peerless plant which it will lease to Standard Textile Company. The company will employ 185 people and make an initial private investment of approximately $4 million.
Equity funds to purchase former Westek Water Supply and Treatment facility to provide additional water supply/treatment capacity for current customers as well as providing capacity for future growth. The sale of this facility will enable the retention of 275 jobs in an economically disadvantaged area.
Equity funds for construction of an 81,000 SF industrial facility in the 294-acre Central Georgia Business & Technology Park, strategically located adjacent to the Thomaston/Upson Airport. Facility will provide assistance in the recruitment of business and industry to the area.