ATLANTA - Governor Sonny Perdue has announced more than nine million dollars in economic development grant and loan awards - including $771,000 to Northeast Georgia.
The Stephens County Development Authority is getting $121,000 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 total cost of the project is $6.8 million.
In addition, the Joint Development Authority of Franklin, Hart and Stephens counties has been allocated $650,000 to help pay for site preparation for a new industry in the Gateway Hi-Tech Industrial Park. TI Automotive (TI), a leading supplier of fuel-storage and fluid-carrying systems to automakers, will be the first tenant in the park, which is co-located in both Franklin and Hart Counties near Interstate 85.
TI Automotive intends to establish a 145,000-square-foot manufacturing plant to support its contract for the production of blow-molded gas tanks for the BMW plant in Spartanburg, South Carolina. TI is a privately held, United Kingdom-based limited company with regional headquarters in Oxford, England, and Warren Michigan. The company is the only manufacturer of fully integrated fuel-storage and delivery systems for cars and trucks. TI employs over 20,000 people at 100 sites in 26 countries worldwide. This project is expected to create 130 new jobs within two years.
Sunday
October 20th, 2024
9:10PM
