Grant & Loan Awards: Newton County
EDGE funds to assist with the expansion of SKC’s 100,000 SF solar panel manufacturing facility. SKC, a Korean-based manufacturer established in 1976 and based in Seoul, South Korea, has established its North American headquarters in Covington. Their state-of-the-art manufacturing facility is touted as the most advanced plant in the industry. The company’s expansion is expected to occur in two phases with Phase I planned to start in 2012 and Phase II in 2015.
Equity funds to support road improvements to serve Stanton Springs, a 1,500-acre technology park located at the junction of Morgan, Newton and Walton Counties on I-20 and Highway 278. Specifically, funds will be used to pave a .8 mile four-lane road in order to see and promote interior sites within the park. Stanton Springs is a great example of public-private partnership involving four counties with a private partner, Technology Park/Atlanta, Inc. (TPA). Morgan, Newton, and Walton Counties have land within the development area. Jasper Co. will contribute 10% of costs toward development even though the county will not own land within the development. All four counties will share costs/revenues according to an intergovernmental agreement. TPA is a private developer experienced in the planning and development of similar projects including Johns Creek Mixed Use Park. The application anticipates that within two years, 700 will be employed at Stanton Springs. Within five years, 3,100 will be employed. At full build-out, the project will be able to support 20,000 workers.