Grant & Loan Awards: Stephens County
Equity grant funds to assist with construction of a 5,948 SF terminal facility at the Toccoa-Stephens County Regional Airport at R.G. LeTourneau Field. Presently a small office within a privately-operated maintenance hangar serves as the airport terminal. The airport, located in the northeastern corner of the state, is centrally located near the Georgia and North/South Carolina borders and serves as a gateway to the Northeast Georgia Mountains. Statistics reflect that this Level II airport handles comparable traffic to other Level III airports (Cornelia, Blairsville) and is Georgia's northernmost airport before entering mountainous terrain, serving as a hub for Blue Ridge and Smoky Mountain tourist traffic. While neighboring Franklin and Hart Counties are served by two airports, neither have adequate facilities to welcome/meet prospective business clients. This proposed airport terminal will play a pivotal role in attracting regional business and tourism prospects to the Northeast Region. After losing 2,000+ furniture manufacturing jobs and similar amount of textile jobs, this region has adopted a plan to attract smaller diversified industry.
Equity funds to defray costs associated with re-permitting the Eastanollee Creek Wastewater Treatment Facility from a capacity of 1.45 million gallons per day to 2.0 million gallons allowing 320 available acres in the Hayestone-Brady Industrial Park to be developed along Hwy 17 in Stephens County. The scope of work includes a Watershed Assessment, an Antidegradation Analysis, an Environmental Information Document and a Design Development Report. Currently, the Eastanollee Creek facility also serves the Meadowbrook Industrial Park and the Stephens County Industrial Park. The wastewater facility was upgraded in 1999 and designed to process 2.0 million gallons, but only permitted for 1.45 million gallons. According to the application, permitting was based on current, rather than future usage. Full development of the 320-acre Hayestone-Brady Industrial Park would have a significant and positive regional employment impact.
Equity funds to support of Toccoaâ€™s downtown revitalization to increase tourism to the area. OneGeorgia funding would be used to finance street construction, concrete curbing, street lighting, drainage improvements, final engineering design, resident project inspection, construction contingencies, surveys and permits.
Equity funds to assist with the construction of a rail spur in the Meadowbrook Industrial Park. The publicly-owned rail spur is expected to increase the marketability of the park as well as support the retention of Gem Industries, Inc. With the addition of a rail spur to support the high volume of raw material, finished good shipments and the penetration of new markets, the company plans to create 22 new jobs above the 124 existing jobs and make an additional private investment of $6.45 million. The rails spur and company expansions are both viewed as important opportunities to further diversify an economy that has historically been textile-dependent.
EDGE funds to assist with site grading of approximately 22 acres within the newly established 150-acre Gateway Hi-Tech Industrial Park in support of the location of TI Automotive. TI Automotive, headquartered in the U.K., is the world's leading supplier of fuel storage and delivery systems for cars and trucks and fluid carrying systems for braking and powertrain applications to automakers. Hart and Franklin Counties are in competition with Anderson, South Carolina. The project will create 130 new jobs within two years.
Equity funds to support a professional market segmentation and consumer analysis study as this tri-county authority (Franklin, Hart, Stephens) establishes a goal of branding the Lake Hartwell region as the Great Lake of the South. The study will be conducted by a unit of the Economic Development Institute at Ga. Tech, known as the the Tourism and Regional Assistance Center. The tri-county authority intends to build on the natural beauty of the lake, interstate access, strong heritage and history, while also balancing the preservation and protection of its natural and historic resources.
Equity funds for Development of Gateway Regional Industrial Park, 150 acre prime site along I-85/GA 77. Park will target high-tech companies aimed at diversifying regional economy.
Equity funds for the construction of wastewater infrastructure to serve one private company and the Haystone/Brady Industrial Park, creating 72 jobs.