Governor Perdue Announces over $7 million in OneGeorgia Awards

by OneGeorgia Authority

STATESBORO, Ga Governor Perdue and members of the OneGeorgia Authority Board met today at Ogeechee Technical College in Statesboro where they approved the grants and loans from the OneGeorgia Authority portfolio of financing programs including Equity, EDGE, BRIDGE and E 9-1-1. These projects, along with their respective local leadership representatives, were recognized at the OneGeorgia board meeting.

“The investments we are making today will assist with a variety of economic developments and pay dividends by retaining and creating jobs, stimulating private investment and enhancing regional competitiveness,” said Governor Sonny Perdue. “The OneGeorgia Authority is a valuable resource for rural Georgia.”

The Equity Fund is designed to assist communities and regions in building the necessary infrastructure to support economic development. The program’s flexibility also provides financial assistance to enhance publicly-owned tourism initiatives, workforce development opportunities and downtown revitalization projects. In addition, loan funds are available through the Equity Revolving Loan Fund to assist small business owners with business growth and expansion opportunities.

Ten Equity awards totaling over $5.2 million were made today. These awards include:

Company officials and local leaders associated with the most recent EDGE awards were recognized at today’s meeting. The five EDGE awards, totaling $1,350,000, are leveraged against more than $88 million in total project costs and are projected to create over 445 jobs within the next three years.

The EDGE recipients include:

The Regional E-911 Fund has provided grants over the last five years for costs associated with the start-up of E-911 emergency services in Georgia’s most economically challenged counties. Today the Authority congratulated the local leadership of two counties on the expansion of the Miller E-911 Center to also serve Baker county.

Details of the award include:

Governor Perdue and the board recognized the most recent recipients of technology grants from the BRIDGE (Broadband Rural Initiative to Develop Georgia’s Economy) Fund. The two BRIDGE awards totaling $71,440 will provide funding to support technology assessments.

The award recipients included:

The board also received an update from Ken Stewart, Commissioner of the Georgia Department of Economic Development on the department’s community-based Entrepreneur Friendly program. Colquitt, Chatham, Gilmer, Bulloch, Lee, Mitchell, Putnam, Banks, Richmond, Charlton, Early, Heard and Macon counties were recognized as the most recent communities to earn the Entrepreneurial Friendly designation. To date, 109 communities have earned this designation, and more are working toward this important certification. Once a community has earned the Entrepreneur Friendly designation, they have the opportunity to apply for entrepreneur and small business implementation grants of up to $25,000. The grant program is funded by the OneGeorgia Authority and is only available to communities who have successfully earned the designation “Entrepreneur Friendly.”

Governor Perdue and the board also recognized the recipients of research grants provided under the Centers of Innovation program. The Centers of Innovation program, funded by the OneGeorgia Authority, connects world-class researchers at Georgia’s educational institutions with entrepreneurs and existing businesses and entrepreneurs to foster growth within targeted business sectors. Research grants are available to fuel applied research and development to assist companies in bringing new products and services on-line with the ultimate goal of diversifying rural Georgia’s economy through new jobs and capital investment.

The most recent research grants awarded include:

The OneGeorgia Authority was created utilizing one-third of the state’s tobacco settlement to assist the state’s most economically challenged areas. The OneGeorgia Authority is expected to receive about $1.6 billion over the 25-year term of the settlement.