DAPC Board Meeting April 2017

DAPC Chair David Williams listens on as DAPC President Missy Kendrick talks about upcoming programs during the monthly board meeting on April 13. (Kevin Myrick/SJ)

DAPC hosting manufacturers at Cherokee Country Club for annual outing on the links.

The Development Authority of Polk County is gathering local industry leaders to celebrate Manufacturers Appreciation Month locally at Cherokee Country Club next week in an annual tournament.

Teams are being formed and lunch will be served after the morning on the links said DAPC President Missy Kendrick, who is helping organize the tournament.

She said it’s just one way that the group has been reaching out to local manufacturers lately in hopes that by providing networking opportunities, industry leaders will start helping each other with products and services when they can.

Kendrick said the community has been showing “overwhelming support” in help with the tournament, including providing door prizes for the event for the participants. She said there should be enough for everyone who comes to leave with something. Four teams have signed up currently to play, Kendrick said.

Following the golf tournament, Kendrick said industry leaders will have another chance to meet together for a quarterly roundtable being held on May 3 at GEO Specialty Chemicals.

It’s planned for 4 p.m., and those seeking more information can contact her at the DAPC offices at 678-971-3095.

Kendrick also reported during the meeting progress with several local industries looking to expand, but could not yet discuss details publically since the organizations are still in the planning phase of their work.

New prospects are still looking at properties locally, Kendrick reported, including a Cartersville-area industry looking to expand in the region and had looked at sites in Polk County, but that no decisions had yet been made.

One of the properties being looked at for potential purchase from the DAPC was the Earley property, which faces one particular issue coming up: increases in the interest rate on the loan.

Previously, the DAPC had extended the life of that loan with Suntrust Bank as real estate agents continued to aggressively find a buyer for the property near Cedartown Middle School.

Kendrick told the board during their April 13 meeting that the note the DAPC holds on the property currently has a variable interest rate, and those would be increasing in the coming months and years and would “continue to go up.”

Richard Long, who has been showing the property to potential buyers for Hardy Realty, did tell board members there might be movement on a new owner for the acreage, but could not yet provide details since no deal had yet been put in place.

Lead Polk nominations in, fundraising continues

As the year continues, one program being spearheaded by the DAPC and Chamber of Commerce is coming together and set to start during the summer months.

Kendrick reported that Lead Polk is moving forward after getting 106 nominations for the new leadership program locally. Three applications among the nominees had been turned in by the April 13 meeting, Kendrick said, and she expected more.

She hopes to get more than a dozen participants for the first round of the program, set to start in late July.

Participants will take part in the weekly program which will include industry tours, a community service project and classroom time.

Kendrick said community partners have already pledged $9,000 to Lead Polk, and hoped others would join in and help reach the $12,000 goal to fund materials, scholarships and more.

“By our next meeting, we should have a better handle on the class outlook,” Kendrick said.

Economic development study, site work coming

Polk County is hoping to get a study back from Georgia Tech to help with Economic Development opportunities, and is getting money from the state to help with site development at the recently purchased York property.

The DAPC put in their application for the study over the past month, Kendrick said.

She explained the Georgia Tech-led effort is being funded by the federal government, and should provide county leaders with a document that will help give a clear view of opportunities available currently and in the future based on resources Polk County already has in place.

She also got approval for the DAPC to move forward to accept money from Georgia Power to the tune of more than $34,000 to help with the site development needed at the York property.

The money will cover the costs of the property purchased by the Cedartown Development Authority in past months to hire a consultant to help produce needed documents and surveys to help with the paperwork needed to promote the site for industries to come in and build on in the future.

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