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Rural Business Programs 2000 Accomplishments


The information that follows details the accomplishments in all RBS Programs in Georgia for Fiscal Year '00.


Direct B&I Loans -                                          $842,000

One loan was made this year which helped a woman-owned business to expand her operation.  65 jobs were created and/or saved.



Guaranteed B&I Loans -                                 $48,514,000

2,316 jobs were saved and/or created with the 12 loans made this year.  To view these projects,  click here.



Rural Business Enterprise Grants -                $1,274,101

15 grants were made with this initial State allocation.  To see a list of these projects,  click here.   A total of 343 small businesses benefitted from the grants with 869 jobs being saved or created.



Rural Economic Development Loans and Grants -           $1,100,000

A loan was made to Tri County EMC in Gray, Georgia, and will be used to fund the construction of a satellite campus for Macon Tech in Eatonton, Georgia.  Another loan was made to Three Notch EMC to aid an airplane painting business in Early County.  The grant was made to Okefenoke EMC and will assist the Blackshear Family Practice medical clinic in Brantley County.



Rural Business Opportunity Grants -              $250,000

3 applications were approved for Georgia during the first round of funding. 

The Development Authority of Heard County was awarded $20,000 to study the development of the Chattahoochee River Corridor and eco-tourism opportunities.

The Crisp/Dooly Joint Development Authority was awarded $135,000 to study and plan for a regional industrial park.

The CSRA RDC was awarded $95,000 to fund a portion of a GIS system which will map 12 counties in the region for use by industries and local governments to help in the location of suitable sites for development.



Intermediary Relending Program -                  $500,000

Georgia was successful in the national IRP competition and was awarded another $500,000 to establish a revolving loan fund.  150 jobs are expected to be created from this award.  A total of more than 5,232 jobs have been created or saved from the IRP program in Georgia.



Appalachian Regional Commission Grants -    $0
 

Community Adjustment and Investment Program - $10,000,000

Georgia ranks second nationally in the amount of loans made with this program.  The loan figure is reflected in the total for the G-B&I program.  1,600 jobs were saved when this loan was closed..


Total Funds Provided -                                     $52,578,101

Total Jobs Saved or Created                            6,651


Please send any comments or suggestions to:   craig.scroggs@ga.usda.gov

Last Updated : January 26, 2004