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Round Three FY 2003 Equity Fund Applicants

Abbeville, City of
Resubmission: Funds are requested to assist with land acquisition and infrastructure costs to assist in the development of the City's first Industrial Park. The 40-acre tract of property located on US Hwy 280 and GA Hwy 30 was identified by Georgia Tech through a site selection survey as an important component of the city's overall economic development strategies.

· $500,000 is requested to assist with land acquisition and infrastructure costs to assist in the development of the City's first Industrial Park.

· $585,386 Total Project Cost.

Ben Hill-Irwin Area Joint Development Authority
Funds are requested to construct a fiber-optic network in and around the communities of Fitzgerald, Ben Hill County and Ocilla, Irwin County. This Regional Connectivity Project calls for the completion of a regional Synchronous Optical Network (SONET) ring that will link several south Georgia communities into a continuous telecommunications infrastructure constructed by Georgia Public Web (GPW). The connectivity will allow these communities to guarantee service should any one portion of the ring be disconnected.

· $340,000 is requested to purchase SONET Electronics and Fiber Optic Connections when combined with the existing GPW network enable a self-healing network in a South Georgia multi-city ring configuration.

· $500,000 Total Project Cost.

Blackshear, City of
Funds are requested to provide gap financing for public infrastructure, specifically water and sewer, to the original 150-acre Industrial Park under development by the City of Blackshear, Pierce County, Pierce County I.D.A., and Okenfenokee Area D.A. (OADA). The park, located between Waycross and Blackshear on US Highway #84, is occupied by eight industries. The eight industries occupy 74.8 acres of the park with a total of 117 existing full-time employees at the Park. Two of the industries use highly combustible materials. Currently, all industries depend on private wells and septic tanks for water and sewer.

· $500,000 is requested to assist with water and wastewater extension from the City of Blackshear System to the Pierce County Industrial Park.

· $1,729,223 Total Project Cost.

Bowersville, Town of
Funds are requested to provide a safe potable water backup system for the Town of Bowersville (Hart County). This project is a cooperative effort between Hart County and Franklin County to extend Bowersville’s water system interconnect to Lavonia’s water system. The system would support industries along GA Hwy 17 while also utilizing the proximity of I-85 to spur economic development. In addition, an existing industry in Lavonia projects to create 30-40 new jobs through an expansion should water infrastructure be available.
· $210,335 is requested to assist with the installation of a water interconnect extension between Bowersville and Lavonia.
· $268,323 Total Project Cost.

Candler County Board of Commissioners
Resubmission: Funds are requested to construct a 6,000 square foot building to be used as an Agricultural Farm Center in Candler County where farming is a large part of the economy. The current facility, which houses the Cooperative Extension Service, Farm Service Agency, and Soil Conservation Office, has become dilapidated and unsafe.

· $500,000 is requested to assist with site preparation, design and construction of a county owned building for agricultural agencies.

· $1,285,792 Total Project Cost

Central Georgia Joint Development Authority
Funds are requested to assist in the establishment of a health care loan fund for rural and underserved Georgia. The Dept. of Community Health/Office of Rural Health Services and Mercer University School of Medicine have partnered with the Development Corporation of Middle GA (DCMG) to create and administer a loan fund and submit an application to the Robert Wood Johnson Foundation (RWJ) for $500,000 in seed capital. OneGeorgia funds will match funds for the RWJ seed capital. The goal is to sustain and increase access to healthcare and improve quality of healthcare in underserved and rural Georgia, which will help improve economic conditions.

· $500,000 is requested to provide matching seed capital for the establishment of a loan fund that will make capital available to healthcare providers that locate or expand their practice in medically underserved areas in the State.

· $3,500,000 Total Project Cost.

Cochran, City of
Resubmission: Funds are requested to be used to extend water services, including a new 8" water main, to the new Bleckley County High School. This project will also provide water capacity to promote future economic development along the Cochran Bypass.

· $125,372 is requested to fund the provision of a new 8” water main which will enable the City to create a loop in its current water system.

· $125,372 Total Project Cost.

Cordele-Crisp County Industrial Development Authority
Loan funds are requested to construct a 100,000 square foot industrial speculative building on a 30-acre site in the Cedar Creek Corporate Park in order to attract new industrial prospects. This project is the result of the county's original industrial park reaching maximum capacity.

· $500,000 loan funds are requested to assist with the construction of a 100,000 square foot speculate building.

· $1,930,539 Total Project Cost.

Davisboro, City of
Funds are requested to develop the city's first industrial park on a 95-acre site within the city limits. The project consists of acquiring land and constructing infrastructure into the site (water, sewer, site work). The site is ideally located along a rail spur and within three miles of the Fall Line Freeway.

· $476,000 is requested to assist the City with land acquisition, site preparation, water and sewer work and design work to develop a site to promote economic development.

· $595,000 Total Project Cost.

Dawson, City of, Downtown Development Authority, Better Hometown Task Force Resubmission: Funds are requested to renovate a historical building located downtown that formerly served as a department store. This building has been vacant and in decay for years. Once the building is restored it will house a community theater (unique to the area), dinner theater, and a cultural center. The goal is to promote and increase tourism through these productions, increase job opportunities, and provide citizens with cultural benefits.

· $400,000 is requested to assist with the renovations of the building and to purchase stage lighting and sound.

· $494,593 Total Project Cost.

Greene County
Funds are requested to construct an airport terminal at the Greene County Airport to promote tourism/economic development within the county and surrounding region. Currently, the airport is served by an inadequately sized operations facility comprised of 660 square feet. The proposed terminal building will be 5,500 square feet and will include a lobby/welcome center that will accommodate up to 60 people. In addition, the proposal includes modern meeting facilities.

· $500,000 is requested to assist in the construction of a terminal building at the Greene County Regional Airport which is considered a vital asset to the community and region in that it serves as on important “gateway” to economic growth within the area.

· $828,900 Total Project Cost.

Hawkinsville, City of
Funds are requested for the design and construction of a new 14,494 square foot Workforce Development Center containing multi-purpose classrooms, lab areas for technical training and other necessary space for the citizens of Hawkinsville, Pulaski County, and surrounding areas. The center will allow Middle GA Technical College to expand vocational training offerings, including certificate programs previously unavailable, giving local citizens skill sets currently in demand by local industries. The project will serve a minimum of 277 persons and several local industries initially.

· $500,000 is requested to assist with the design and construction of a Workforce Development Center for the citizens of Hawkinsville, Pulaski County and surrounding areas.

· $1,640,000 Total Project Cost.

Helena, City of
Funds are requested to construct needed utilities to a new 42-acre industrial site that is owned by the Development Authority of Telfair County. This new site’s rail line will allow access for potential industries to transport goods and materials. The City also wishes to construct a new six-inch waterline to the Telfair Instructional Center (Heart of Georgia Technical College) which is located directly across the highway from the industrial site.

· $500,000 is requested to assist with the construction of waterlines, sewer system improvements, entranceways to the park and clearing and grading of the new Industrial Park for the City of Helena and Telfair County.

· $761,215 Total Project Cost.

Jeffersonville and Twiggs County Development Authority
Resubmission: Funds are requested to purchase 114.54 acres of property located adjacent to I-16 and GA 96 for use as an industrial park. The property’s proximity to major transportation routes makes it very desirable as an industrial site.

· $313,168 is requested to assist with the purchase of land in Twiggs County that will be developed and marketed as an industrial park.

· $340,168 Total Project Cost.

Jesup, City of
Resubmission: Funds are requested to assist with the renovation and development of the old bus station located downtown as the Board Street Pavilion, a combination restaurant/coffee shop and Farmers Market. The City of Jesup is one of only five stops that Amtrak makes in Georgia daily and the train depot is located next door to the proposed new restaurant and market. The renovation of these buildings will support downtown revitalization efforts and serve as an opportunity to market and sell area farmers fresh produce. The project is expected to create 10 new jobs and the farmer's market estimates the creation of 30 part-time jobs.

· $350,000 is requested to assist with the renovation and development of the old bus station located downtown as the Board Street Pavilion, a combination restaurant/coffee shop and Farmers Market.

· $445,000 Total Project Cost.

Macon County Development Authority
Funds are requested to construct a 60,000 square foot facility to house Rockwood Composites, Inc., a start-up manufacturer of composite wood products and composite trim boards. The facility will be constructed in Macon County's Montezuma Industrial Park on a 20-acre site owned by the Development Authority. The company expects to employ 50 people within two years of operation. Macon County's incentive package includes Equity and EIP funds, as well as tax incentives and bonds.

· $500,000 is requested to assist with the design and construction of a manufacturing facility for Rockwood Composites, Inc.

· $3,620,000 Total Project Cost.

Macon, City of
Funds are requested to assist Gateway Macon LLC with development of a state-of-the-art, 110,000 square foot office building which will anchor Mulberry Street and historic downtown Macon. This facility will be known as Gateway Plaza. The $12 million, six-story development will represent the first Class A office building in downtown since 1981 and will offer space for over 300 employees. Forty-four new positions have been committed and another 180 new jobs are under discussion.

· $260,000 is requested specifically to be used for the installation of an elevator in the parking garage and the construction of two pedestrian bridges connecting the garage to the new office building, which will allow for ADA-compliance and convenient access.

· $11,331,045 Total Project Cost.

Macon-Bibb Industrial Authority
Funds are requested to assist with the purchase of equipment for lease to Goodwill Industries of Middle Georgia to support the 118,000 SF Goodwill Career Campus located on Eisenhower Parkway in Macon, Bibb County. This facility will provide workforce development and job opportunities for the region's citizens who are unemployed, underemployed and or of low to moderate income. Over the next four years, the project will create 125 new jobs internally and graduate approximately 450 qualified applicants for area businesses.

· $500,000 is requested to assist with the purchase of equipment for lease to Goodwill Industries of Middle Georgia to support the 118,000 SF Goodwill Career Campus located on Eisenhower Parkway in Macon, Bibb County.

· $5,255,000 Total Project Cost.

Middle Georgia Regional Development Authority
Funds are requested to assist with the cost of gathering data and preparing the necessary reports to defend Robins Air Force Base and the Middle Georgia Region against the upcoming Base Realignment and Closure (BRAC) Process in 2005. A $45,000 match has already been committed by the 21st Century Partnership, a community non-profit organization. Robins Air Force Base is the largest industrial complex in Georgia. In 2002, total direct employment associated with the Base was 23,352.

· $187,000 is requested to assist with the gathering of data and preparation of 18 reports to demonstrate to the BRAC Commission the benefits the community provides in direct support of the Bas and its missions, and to identify and deficiencies that may need to be corrected before the BRAC evaluation officially begins.

· $232,000 Total Project Cost.

Mt. Vernon, City of
Resubmission: Grant funds are requested to assist with infrastructure improvements to the City-owned property that is to be developed into the City's first industrial park. The improvements will consist of constructing water lines, sewer lines, paving the road that fronts the property, and constructing a stormwater drainage system. The Industrial Park is located in the northern part of the City, borders a state owned railroad, and consists of approximately 100 acres.

· $500,000 is requested to assist with infrastructure including water, sewer, roadway and site improvements to the 100-acre Mount Vernon Industrial Park

· $657,054 Total Project Cost.

Pembroke, City of
Funds are requested for the restoration of the historic TOS Theater in downtown Pembroke as a stage/theater. The theater, originally constructed in 1938, is located on Hwy 280, the main route through town and is in the final stages of being accepted to the National Register of Historic Places. The goal is to provide an attraction to draw customers to the downtown area on nights and weekends and to provide a cultural resource presently lacking in Bryan County.

· $500,000 is requested to assist with building acquisition, sewer, drainage improvements, public utilities, and construction/rehabilitation of the facility.

· $658,000 Total Project Cost.

Pulaski-Hawkinsville Development Authority
Funds are requested to purchase equipment in support of Hardy Farms' expansion into a new 21,000 square foot facility. Hardy Farms is an agri-business industry within middle Georgia that distributes peanut products throughout the southeast. The purchase of this equipment will allow Hardy Farms to expand its capabilities and remain competitive in the peanut industry.

· $400,000 loan funds are requested to assist in the purchase of refrigeration equipment to support Hardy Farms with their processing facility.

· $746,140 Total Project Cost.

Sandersville, City of and Washington County Board of Commissioners
Funds are requested to construct a 100,000 square foot speculative commercial/industrial facility in the Sandersville/Washington County Research and Industrial Park. This facility will aid in the recruitment of business and industry and spur economic development in the area. In addition, the recent completion of the Fall Line Freeway will allow for easy access into the Park.

· $500,000 loan is requested to assist with the architectural design and construction of a 100,000 square foot speculative building.

· $1,450,000 Total Project Cost.

Thomaston-Upson County Industrial Development Authority
Funds are requested to purchase and renovate the former Thomaston Mills Corporate Office Building in order to provide a centralized community services center for job training, workforce development, adult literacy and post-secondary education, youth apprenticeship programs, and business incubation. Cooperating entities include the Thomaston-Upson County Development Authority, FYCA (Families, Youth, and Children's Alliance) and Flint River Technical College. Equity funds will cover the acquisition of the building and parking areas and renovations on the first floor.

· $500,000 is requested for the purchase and renovation of the former Thomaston Mills Corporate Office and parking area.

· $977,696 Total Project Cost.

Tifton, City of
Funds are requested to extend the City's telecommunications service, called CityNet, to serve the new Union Road Industrial Park, the Tift area campus of Moultrie Technical College, and newly expanding industry along the route. Equity funds will be used to purchase and/or lease equipment. The extension will cover 6.4 miles and tie in from a head-end node on CityNet's existing network.

· $163,648 loan funds are requested to extend the City of Tifton’s broadband telecommunications network, called CityNet.

· $163,648 Total Project Cost.

Waycross, Downtown Development Authority
Resubmission: Funds are requested for the Phoenix Hotel renovation project in downtown Waycross. The top two floors of the 55,053 square foot building will be designed to meet corporate headquarters needs of an existing local company. The first floor will provide much-needed storefront space for both office and retail needs in community. Equity funds will be used for

· $500,000 is requested to assist with the rehabilitation of retail and community portion of the facility in support of the community’s ongoing downtown revitalization efforts.

· $7,585,930 Total Project Cost.

West Point, City of
Funds are requested to assist with the 60-acre expansion of the West Point Technology Park located just off I-85 at Exit 1. The West Point Development Authority has signed an option to purchase the 60-acre site. Additional developed industrial land is needed in West Point to stimulate economic development in the area. There are only three parcels remaining in the Park of less than 11 acres each.

· $500,000 is requested to assist with water, sewer, and roadway improvements to the site.

· $1,314,684 Total Project Cost.