Grant & Loan Awards: Elbert County
EDGE funds to assist with building improvements to assist with the location of an injection molding plastic parts facility in Elberton for MollerTech South, LLC. The German-based Company has located in an existing 130,884 SF plastics manufacturing facility on approximately 25 acres of land in the Elberton Industrial Park. Their products will primarily serve BMW but also Volkswagen, Mercedes, Toyota and Honda. The company is already out of the start-up phase and into production with 58 employees.
AIRGeorgia grant funds will be used to assist with improvements to the Elbert County Patz Field Airport. The proposed improvements will extend the runway from 4,002 feet to 5,000 feet. Currently, the Airport is home to 22 based aircraft producing an estimated 6,500 annual aircraft operations. Tourism and manufacturing is expected to benefit from the increased runway length. Tourists to the Richard B. Russell State Park, Arrowhead Point Golf Course and Bobby Brown State Park which are located just a few miles from the airport would be more compelled to use the airport. In addition, the Elberton Industrial Park located adjacent to Georgia Highway 72 is over 100 acres with all utilities and infrastructure in place. The County plans on the proposed improvements attracting a greater number of larger based aircraft to the airport, resulting in increased revenue and solidifying tourism and business growth in Elbert County and surrounding counties including Madison, Oglethorpe and Lincoln.
BRIDGE grant funds will support fiber optic connectivity within the Richard B. Russell State Park. Areas to be served with OneGeorgia funds include: Arrowhead Pointe Golf Course and clubhouse area, Olympic Rowing Center Boat Ramp, Mega Ramp, and the McNeely Lakeside Pavilion. The Park drew is projected to draw over 600,000 visitors in 2010 and generate an estimated $35 million for the local economy. It also supports an estimated 407 local jobs. Other project activities include providing fiber connectivity to 800 rural homes as part of the 67-mile system expansion. In 2001, the City of Elberton constructed a hybrid fiber optic-coaxial cable network to serve residences and business in a 5-square mile area in and around the city limits of Elberton by investing over $6.5 million. This new system was named ElbertonNET. ElbertonNET offers Cable TV, high speed data and Internet access and Voice-over-Internet Protocol digital telephone service. Currently, the system serves 2,442 customers. In December 2009, an ElbertonNET expansion project began to connect unserved and underserved rural areas of Elbert County where there is no incumbent broadband provider. Future plans for the Park include the construction of a lodge/conference center that will benefit from broadband service.
The loan proceeds will be used to purchase additional residential and commercial containers. In June 2006, an ESB loan guarantee totaling $15,750 was made to Pinnacle Bank in Elberton to support the start-up of this residential trash company. The company has been successful and requires additional residential and commercial containers to support their growth. Currently, Waste Away Services employs 5 and expects to create 1 or 2 additional jobs.
Diaco Innovations, Inc. dba/DIACO, LLC is an existing industrial sales company located in Elberton, GA. DIACO, LLC specializes in diamond tools and machinery for the granite countertop industry, construction industry, and stone industry. Services include the sales and installation of granite countertop fabrication tools, large CNC machinery for the granite and stone industry, and complete line of construction and concrete cutting and drilling equipment. They also carry a complete line of Parts & Accessories for all the tools and machinery sold. The loan proceeds will be used to purchase several pieces of new equipment.
Equity funds to conduct a feasibility study to determine the best use of the historic, famous Elberton blue granite National Guard Armory Auditorium located in downtown Elberton. This 1941 building has undergone stabilization including the roof, windows and gutters identified as Phase I using proceeds from a federal DOT TE grant. Phase II is currently underway and includes the restoration of the utilities infrastructure. Phase III will include redeveloping the main auditorium, stage and top story offices. Lastly, Phase IV will include the development of a military museum on the ground floor. The purpose of the feasibility study is to determine levels of support for the proposed facility as a conference center on the main floor with the top floor dedicated to office space.
ESB loan guarantee for land acquisition to support Allenâ€™s Famous BBQ, a start up restaurant in Elberton. John Allen has been selling barbeque base sauce in Elbert, Hart, Wilkes and Oglethorpe Counties for over 50 years. The barbeque base is a sweet and spicy blend of herbs that enhance the flavor of the smoked meats. The recipe used is a closely held old family recipe and has been handed down through the generations. Mr. Allen has been traveling around from fairs to festivals and the like to sell his ware. Now because of popular demand, Mr. Allen wants a stable place to sell on the weekends, giving his fans a weekly fill of what they want as well as hoping to gain new followers for his barbeque. The plan is to start small and stay small, with a focus on quality service and good eating. The store will be open Thursday, Friday and Saturday, with a full breakfast menu served in the morning and barbeque for lunch and dinner. Pinnacle Bank in Elberton is the lender.
ESB loan guarantee to purchase land and storage buildings in the start-up of a self storage company in Elberton. Storage Solutions, LLC, will offer personal storage units of different sizes ranging from 5x5 ft up to 10x10 ft. Pinnacle Bank of Elberton is the lender.
BRIGE funds to assist with a two-county technology assessment to be conducted by Georgia Tech's TechSmart program. Local commitments of $2,000 include: Elbert Granite Association-$500, Elbert County Foundation-$500 and the Oglethorpe Chamber of Commerce-$1000. The study will focus on improving network infrastructure, filling in gaps in broadband availability, building upon an existing cluster of granite-related industries, development of tourism/retirement as an economic strategy and other small technology-related businesses. TechSmart will benchmark current utilization of technology while also coaching community stakeholders through workshops, seminars and other training programs as they jointly develop a technology roadmap for the future. The two-county initiative seeks to strengthen existing partnerships in a joint effort to prepare the region to successfully compete in today's global economy.
ESB loan guarantee to assist with business expansion, purchasing and setting up new equipment for JKI. JKI, owned by Jeff and Katy Wright, is an existing metal fabrication business in Elberton that makes fiberglass products for many local granite industries as well as for other businesses. JKI makes pneumatic stone turners which are designed to sit in a conveyor line and allows a material to be flipped and/or turned without the use of a crane. Pinnacle Bank in Elberton is the lender.
ESB loan guarantee by a start-up investment group to support a new restaurant, Wings on the Block, in Elberton. Through market research, the owners of the new restaurant determined that this type restaurant was popular, and the closest location selling a variety of wings was 20 to 30 minutes away. The company has a business plan which reflects four part-time jobs will be created in Elberton. Pinnacle Bank of Elberton is the lender.
ESB loan guarantee for the purchase of residential trash containers on behalf of Waste Away Services, LLC, located in Elberton. Waste Away Services, a start-up company owned by Edgar Worley, will provide trash pick up services for city and county residents. Pinnacle Bank of Elberton is the lender.
EDGE funds to assist in the construction of a 67,000 SF addition to an existing building to meet the needs of the En-Q Plastics Company. Company projects creation of 150 jobs.