Grant & Loan Awards: Baldwin County
Equity grant funds will be used to assist with road infrastructure improvements to support the build-out of a large commercial center at the intersection of Log Cabin Road and Highway 441. The proposed commercial development includes as an anchor tenant a 93,000 square foot Kroger Marketplace, restaurants, a drive-in bank and other retail establishments. The development is focused on meeting the needs of Baldwin County’s growing population as well as supporting the growing tourism industry at Lake Sinclair. US Hwy 441 is one of the only major highways leading from the north Georgia border to the Florida border in the south. Baldwin County has previously invested over $5 million in water and sewer infrastructure with the goal of developing this section of Hwy 441 as an economic development corridor. . This proposed project will result in over $16 million in private investment, the retention of 81 jobs and the creation of 89 new positions, or 55 FTE jobs within 24 months of start-up.
Equity funds to assist construction of a new 2,500 SF terminal at Baldwin County's Level III airport. The existing 1,280 SF terminal constructed in 1958 is outdated, too small and too close to the runway -- in violation of FAA regulations. The new terminal will have a flight plan room, pilot waiting and training areas and a corporate meeting room. The new terminal will help the County and the large surrounding regional area (Putnam, Hancock, Jones, Washington, Wilkinson) to recruit prospects and encourage greater economic development activity. A number of support letters from area companies stressed the importance of creating a positive first-impression on visitors to the community and region. Over the last five years $2.5 million has been invested ($500K local) in airport infrastructure improvements including installation of AWOS, relocation of powerlines in approach, runway extension, rehabilitation of Apron, Taxiway and runways.
Equity funds to assist in constructing a 60,000 SF speculative building (with an option to expand to 120,000 SF) to be located in the Milledgeville Baldwin County Industrial Park to attract industrial prospects to the area. The community plans to partner with GDEcD, Georgia EMC and GA Power to promote and market the building. The project's timeline would have the building completed by September 2007. The application referenced two companies who have expressed interest in beginning operations in Georgia the last quarter of 2007, one of which is interested in locating in Milledgeville. The Development Authority has secured local financing through five local lenders.
EDGE funds to purchase an Air Washer & Tufting machine to be leased back to the Mohawk. The company plans to expand its current facility and is considering Baldwin County or a site in South Carolina. The expansion would create an additional 210 new jobs over the next three years and retain 340 jobs at the current facility.
Equity funds for Phase I will provide water to Putnam County by installing 9000 LF of 18 transmission /distribution water lines, connecting Baldwin County's water system to Putnam County. The availability of water is expected to spur private investment and job creation in the area.