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Texas Agency Funding Local Business Park Project

DALLAS, TX-The Texas Department of Economic Development is providing a $600,000 loan to the Atlanta Economic Development Corp. for the construction of a 50,000-sf prefabricated metal building in the southwest Texas town of Atlanta, located on the border of Arkansas.

By Alex Finkelstein | Updated on November 20, 2002

DALLAS, TX-Networking among its own niche industry, Atlanta Economic Development Corp. has obtained a $600,000 loan from the Texas Department of Economic Development for the construction of a 50,000-sf prefabricated metal building in the southwest Texas town of Atlanta, located on the border of Arkansas.

Collateral for the loan will be future earnings from the Atlanta’s economic development sales tax. The Texas agency is funding the project through the Texas Leverage Fund Program. The interior of the building won’t be finished until a buyer or tenant is found.

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