Grant & Loan Awards: Troup County
Troup County
EDGE Fund: $850,000
Awarded: 02/24/2006
Applicant: LaGrange, Development Authority of
Description:
EDGE funds to assist with building construction costs in support of the location of ae group, a German manufacturer of state of the art pressure aluminum die castings used in automobile parts. The Company was founded in 1951 and employs over 1600 in facilities located in seven European countries. The Company plans to locate a manufacturing facility in a new 102,000 SF building to be constructed on 40 acres in the Jim Hamilton Industrial Park in LaGrange. This project will create 105 new jobs within two years and increase to 295 new jobs within five years. Private investment is projected to be $39 million. This project is in competition with Tennessee and Kentucky.
Total Budgeted Project Cost: $46,578,700