Spec Building Sold for 850K

Spec Building Sold ImageThe Development Authority of the City of Milledgeville and Baldwin County have sold spec building to the firm Strapack, Inc. for $850,000. The spec building is located on highway 22 in the Industrial Park. Built in 2007, the building is 62,500 sq.ft. and sits on 15 acres.

The real estate deal was finalized December 28, 2015, closing out the year on a positive note and as one of two projects realized in the 4th quarter of 2015. The unanimous vote by the Development Authority’s Board of Directors allows for immediate work by Strapack to prepare for operations to begin early in 2016. Strapack, Inc. will invest between $4 and $6 million in the purchase price and planned build-out development of the building.

Initially, Strapack, Inc. will employ 10 people and company officials have indicated plans for future expansion with additional job positions to be created. No tax abatement was given as part of the contract, so sale of the property will be an immediate benefit on the tax digest.

In a recent release published by Site Magazine, Milledgeville-Baldwin County made the list of nationally ranked Top Micropolitans of 2014, determined by number of new and expanded corporate facility projects, ranked 74 out of 576 micropolitans in the nation.

“We are committed to the expansion of local business and industry and are proud of the two expansions that occurred in 2014,” says Matt Poyner, executive director of the Development Authority of the City of Milledgeville and Baldwin County (DAMBC). “Our approach to economic development is twofold. We facilitate the success, growth, and retention of local companies by providing services, solutions, and support to meet their needs. Additionally, we focus on recruiting new business and industry which creates local jobs and expands our local economic base.”

The Development Authority of the City of Milledgeville & Baldwin County (DAMBC), jointly funded by both the City and County, is tasked with recruiting new companies as well as working with the existing businesses in the community to grow primary jobs and investment.

2013 Award of Excellence Award Recipient Photo

The City of Milledgeville Main Street received the 2013 Award of Excellence in Downtown Development Program of the Year.

Milledgeville Main Street and Downtown Development Authority Director Carlee Schulte also got her Georgia Downtown Development Professional Certification and received one of two scholarships for a trip to the 2014 National Main Street Conference in Detroit, Mich.

In addition to the Main Street achievements, Frank Pendergast, owner of The Baldwin Lofts, received the 2013 Award of Excellence Gold Medal presented by the Georgia Department of Community Affairs (DCA) and the Georgia Downtown Association.

Milledgeville Main Street bested 96 Georgia Main Street communities. “It’s a huge deal, and we are very excited. It shows the importance of what we do, and the impact we are having not only locally but also statewide,” Schulte said. The brand new small business BOOST grant program played a role in the program of the year designation. BOOST provides grant money to downtown small business owners and entrepreneurs.