Grant & Loan Awards: Upson County


Upson County

Equity Fund: $500,000

Awarded: 06/11/2008

Applicant: Thomaston-Upson County Industrial Authority

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.

Total Budgeted Project Cost: $11,106,900

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