Grant & Loan Awards: Lamar County
Equity grant funds to assist with public water infrastructure improvements, specifically the installation of a dual feed loop to the City’s existing water system, to support the location of Piedmont Green Power, LLC (PGP) on 50 acres in the Legacy Industrial Park in Barnesville. Having a reliable, continuous supply of water at the required pressure will be a critical factor in the operation of the plant. The company plans to begin construction in March 2010 with anticipated operations/ commissioning of the plant in the spring of 2012. PGP, a subsidiary of North Carolina-based Rollcast Energy, Inc, is a producer of clean, sustainable electrical energy. PGP plans to construct a 60,000 SF renewable power generation facility using native, regional biomass materials to generate nearly 50 megawatts of electricity that will be sold through a power purchase agreement (PPA) to Georgia Power. This project will create at least 22 new direct jobs and up to 200 indirect jobs in the region (trucking, forest projects and ancillary services.)
EDGE funds to assist with land acquisition, site, water and road improvements to support the location of General Protecht US, Inc., a Chinese manufacturer of ground fault circuit interrupters (GFCIs), to a 211-acre site in Barnesville, Lamar County. GFCI is an electrical outlet device that prevents severe or fatal electric shocks that occur around water and are often used in bathrooms and kitchens. Presently, there are only four GFCI manufacturers in the world, representing a $2 billion industry. In addition, China is Georgiaâ€™s fifth-largest trading partner, with nearly $650 million in goods exported annually and roughly two-thirds of all inbound containers at the Port of Savannah are from China. This project will create 240 jobs in two years and $30 million in private investment. The competition for this project was South Carolina, Ohio and Utah.
Equity funds for construction of an access road and utility extensions into an undeveloped 75-acre industrial tract in Lamar County that fronts I-75 at interchange 201 to accommodate the immediate location of B&G Equipment Company and creation of 85 jobs as well as provide the infrastructure required for effectively marketing remaining acreage in the park.
EDGE funds to purchase a 12.5-acre site of land off I-75 at the 201 Interchange in Lamar County and related site development activities. This would create 85 new jobs within 24 months and a private investment from B&G of $2.75 million.