Grant & Loan Awards: Charlton County
Equity funds for sewer infrastructure improvements to support the expansion of the D. Ray James State Prison which is privately owned and operated by Cornell Companies, Inc. (CCI). CCI currently houses 2,080 inmates, employs 317 and is the largest industry in the County. This fourth phase of their expansion will add 700 new inmates to the prison population, resulting in the creation of 51 new jobs. The City must expand its wastewater treatment facility in order to meet immediate and projected demands on the public sewer system.
ESB loan guarantee for working capital to support Hydraulic.Net LLC, a manufacturing company started in 1997 in Culpepper, Virginia. The company recently purchased a building in Folkston, GA with plans to relocate there. Currently all of their manufacturing is done in China, but the company is changing their business model and will be manufacturing hydraulic pumps in the Folkston plant. This change will benefit the company substantially by reducing lead times and to have the inventory levels they need to maintain. FNB South in Alma is the lender.
Equity funds to assist with public road improvements in support of Margo State Lineâ€™s new lawn and gardening operation in the City of Folkston/Charlton County. With over 98% of the county's area in woodlands, Charlton County has earned the title of most timbered county in Georgia. As a result, the region anticipates significant indirect economic impact from new timber sales. Margo purchased the State-Line Bark and Mulch Company out of bankruptcy in 2005 and plans to invest $2 million initially to manufacture bark, premium cypress and pine mulch. In order to facilitate the increased truck traffic anticipated from the new Margo plant, S.R. 121 will be widened to three lanes, Nelson Street will be widened to four lanes, and accel/decel lanes will be added. Margo State Line, Inc., a subsidiary of Margo Caribe, Inc., is a publicly owned company based in Puerto Rico with offices in Florida. The proposed project will result in the retention of 24 and the creation of 10 new jobs.
Equity funds to assist with the construction of Discovery Hall at the Okefenokee Education and Research Center. Discovery Hall will include a hands-on interactive display area, a 300 seat auditorium, classrooms and a laboratory to further enhance existing tourism and eco-system educational opportunities provided by the Okefenokee Swamp. The project anticipates the creation of 9 new jobs to support this unique nature based tourism initiative.