Grant & Loan Awards: Grady County
Grady County
EDGE Fund: $750,000
Awarded: 08/19/2004
Applicant: Grady County Joint Development Authority
Description:
EDGE funds to assist with the construction of a 112,000 SF manufacturing facility and site development costs in support of the expansion of Higdon Furniture Company (HFC), a third generation furniture manufacturer located in Quincy, Florida. HFC is interesting in expanding its operations to meet increased demand. The current facility is prducing at maximum capacity. The facility will be located on a 43-acre Authority-owned site in Cairo. Cairo is in competition with Quincy, Florida. The project will create 100 new jobs within 24 months.
Total Budgeted Project Cost: $7,191,650