Grant & Loan Awards: Troup County
Troup County
EDGE Fund: $600,000
Awarded: 05/13/2009
Applicant: West Point Development Authority
Description:
EDGE funds to assist with the location of an auto supply manufacturing facility for Powertech America, Inc. (PAI). PAI will manufacture four, five and six speed automatic transmissions for the KIA Motors Georgia facility as well as Hyundai Mobis. The Company plans to construct a 211,444 square-foot facility on a 42 acre site located within the KIA pad. PAI is a subsidiary of Hyundai Powertech (HP), established in Korea in 2001, which has supplied transmissions to KIA for the last seven years. This will be HP’s first transmission operation in the U.S.
Total Budgeted Project Cost: $150,680,000