Early Co. commissioners approve loan for private company - WALB.com, Albany News, Weather, Sports

Early Co. commissioners approve loan for private company

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BLAKELY (WALB) - Early County commissioners voted Monday night to grant a loan to a private company, but not for as much as originally proposed.

Commissioners approved a $250,000 loan to help build the American International Marksmanship Academy.

Last month, the Economic Development Commission asked county leaders for a half-million dollar loan for the project.

Critics say public money shouldn't be used to fund a private venture, but leaders say it will create 37 jobs over the next 5 years.

AIM must pay off the loan at 3% interest over the next five years.

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