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DCA Programs, Products and Services

DCA Programs, Products and Services. An Overview With Case Studies. October 18, 2007. DCA Programs, Products and Services. Employment Incentive Program (EIP) Redevelopment Fund (RDF) Downtown Development Revolving Loan Fund (DD RLF). Employment Incentive Program.

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DCA Programs, Products and Services

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  1. DCA Programs, Products and Services An Overview With Case Studies October 18, 2007

  2. DCA Programs, Products and Services • Employment Incentive Program (EIP) • Redevelopment Fund (RDF) • Downtown Development Revolving Loan Fund (DD RLF)

  3. Employment Incentive Program • CDBG Annual Set-Aside for non-entitlement communities • Grants for public infrastructure and loans for fixed assets benefiting for-profit entities • Objective is job creation that benefit low and moderate income individuals • Apply anytime • $7.0 million available annually • Maximum Award $500,000

  4. Bibb County - Bass Pro Outdoor World, LLC • Recipient - Bibb County • Sub-Recipient – Bass Pro Outdoor World, LLC • Grant Amount - $500,000 • Project – water and sewer • Private Investment - $43 Million • Jobs – 200

  5. Source and Use

  6. City of Adel and Cook County – Sanderson Farms, Inc. • Recipient – City of Adel and Cook County • Sub-Recipient – Sanderson Farms, Inc. • Grant Amount - $500,000 • Project – water and sewer • Private Investment - $16.7 Million • Jobs – 160

  7. Source and Use

  8. Atkinson County – First String Space, Inc. • Recipient – Atkinson County • Sub-Recipient –First String Space, Inc. • Grant Amount - $500,000 • Project – Building Acquisition • Private Investment - $1,391,642 • Jobs – 50

  9. Source and Use

  10. Redevelopment Fund • CDBG Annual Set-Aside for non-entitlement communities • Grants and loans for building rehabilitation and demolition • Objective is the alleviation of “slum and blight” • Apply anytime • $1.5 million available • Maximum Award $500,000

  11. City of Comer • Recipient – City of Comer • Sub-Recipient – Downtown Businesses • Grant Amount - $500,000 • Project – Sidewalk and Road Improvements • Jobs – 20

  12. Source and Use

  13. City of Toccoa • Recipient – City of Toccoa • Sub-Recipients – 39 Downtown Businesses • Grant Amount - $500,000 • Project – Streetscape • Private Investment - $2.7 million

  14. Source and Use

  15. City of Rebecca • Recipient – City of Rebecca • Sub-Recipient – Cranky’s Corner Store • Grant Amount - $210,000 • Project – Rehabilitation • Private Investment - $310,000 • Jobs – 7

  16. Source and Use

  17. Downtown Development Revolving Loan Fund • State program for cities or counties with populations under 100,000 • Project must occur in downtown • Loans acquisition, rehabilitation, new construction and some M&E • Objective is to spur commercial development in the downtown • Maximum award $250,000

  18. City of Monroe • Recipient – City of Monroe • Sub-Recipient – Mountain Creek Enterprises Inc. • Loan Amount - $250,000 • Project – Acquisition and Rehabilitation • Private Investment - $570,000

  19. Source and Use

  20. City of Watkinsville • Recipient – City of Watkinsville • Sub-Recipient – Robert and Ellen Elder • Loan Amount - $250,000 • Project – Rehabilitation • Private Investment - $385,000

  21. Source and Use

  22. City of Valdosta • Recipient – City of Valdosta • Sub-Recipient – Cox Restaurant Enterprises • Loan Amount - $225,000 • Project – Rehabilitation/ Construction • Private Investment - $675,000 • Jobs – 22.5 FTE

  23. Source and Use

  24. DCA Programs, Products and Services Contacts Employment Incentive Program • Andy Yarn (404) 679-1589 or ayarn@dca.state.ga.us Redevelopment Fund • Joanie Perry (404) 679-3173 or jperry@dca.state.ga.us Downtown Development Revolving Loan Fund • Alan Dickerson (404) 486-0224 or adickers@dca.state.ga.us

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