Compilation of Rules and Regulations of the State of Georgia
Department 413 - GRANTS OF THE ONEGEORGIA AUTHORITY
Chapter 413-5
Subject 413-5-1 - STRATEGIC INDUSTRIES LOAN FUND
Rule 413-5-1-.03 - Purpose

Universal Citation: GA Rules and Regs r 413-5-1-.03
Current through Rules and Regulations filed through September 23, 2024

The purpose of the Strategic Industries Loan Fund (the "Loan Fund") is to provide loan assistance for the purchase of fixed assets to eligible applicants that are being considered as a relocation or expansion site for a emerging or development-stage company in a strategic industry targeted by Georgia. The Loan Fund is intended to be used only when needed to fill a financing gap that is unmet by the private sector (including venture capital, angel or institutional investors, traditional commercial financing, developer financing, etc.) and when the health, welfare and economic security of the citizens of the state are promoted through the recruitment, development and retention of emerging and development-stage companies in strategic industries that are creating higher quality jobs. (O.C.G.A. 50-34-1et seq.)

O.C.G.A. Sec. 50-34-1et seq.

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