State provides $2.5M to boost rural economic development through OneGeorgia Equity Fund
The Georgia Department of Community Affairs (DCA) has awarded $2.5M in OneGeorgia Equity funds to fuel economic development in the state. The following entities each received a $500,000 Equity award for community improvements: Dublin-Laurens County Development Authority, Grady County Joint Development Authority, Worth County Economic Development Authority and the cities of Cordele and Lyons. This investment will also spur job creation and retention.
The OneGeorgia (OGA) Equity Fund provides financial assistance to rural communities to help build capacity and the necessary infrastructure for economic development. The program is designed to serve as a flexible community and economic development tool, providing grants and loans for eligible projects in rural Georgia. OGA programs are administered by DCA.
Dublin-Laurens County Development Authority will use the funds to support the development of a new Entrepreneur and Small Business Park. This project will involve the subdivision of a single parcel of land into nine smaller parcels, each with access to utilities and a new roadway. The new park will be used to attract and encourage entrepreneurial small business development to diversify the region’s economy.
The Grady County Joint Development Authority has been awarded a OneGeorgia loan to facilitate the construction of a 20,000-square-foot industrial speculative building in the Milestone Industrial Park in Cairo. The park has rail service and direct access to US Highway 84.
The Worth County Economic Development Authority will provide sewer extensions to serve the Worth County Economic Development Authority Industrial Park East.
The City of Cordele will use the funds to provide sewer improvements to support the location of a new truck terminal that is expected to create a significant number of new jobs upon construction. This project will also provide improved sewer service to the Cordele East Industrial Park.
The City of Lyons will be able to support the growth of two onion-processing operations: A&M Farms and Vidalia Onion Farms. These businesses have been constrained by septic maintenance requirements and a lack of sewer access. The OGA funds will enable city officials to provide sewer service to support the expansion of these processing operations.
“OneGeorgia is a valuable partner to communities that seek to invest in their economic growth,” DCA Commissioner Christopher Nunn said. “Local leadership and commitment to these projects has been outstanding, and we are proud to support growth in these parts of the state.”