Grant & Loan Awards: Hart County
Hart County
EDGE Fund: $200,000
Awarded: 06/30/2010
Applicant: Hart County Industrial Building Authority
Description:
EDGE grant funds of $200,000 are awarded to assist with site preparation to support the location of Ritz Instrument Transformers, Inc. (RIT), a power transformer manufacturer, to Lavonia in Hart County. Ritz, founded in 1991, is a German manufacturer of instrument transformers used in electrical transmission power systems. The Company will construct a new 37,000 square-foot manufacturing facility on ten acres in the newly established Gateway II Industrial Park located in Hart County. Ritz, with facilities worldwide, including three in Germany and one each in Austria, Hungary and China, will manufacture and market low and medium voltage products in the U.S., Canada and Latin America. The Lavonia facility will be the sole operation in the United States.
Total Budgeted Project Cost: $3,471,000