State Awards $1.4M Grant to Mt. Vernon

The State Road and Tollway Authority (SRTA) awarded a record $26.5 million in Georgia Transportation Infrastructure Bank (GTIB) loans and grants Tuesday that will help fund 13 transportation projects across the state.

This latest round of GTIB awards stems from $46 million the General Assembly added to the fiscal 2025 mid-year budget.

'Thanks to conservative budgeting and strategic funding of our priorities, Georgia is not only the No.-1 state for business,' Governor Brian Kemp said. 'We're also the best state for reliable infrastructure. We're preserving our competitive edge and reaffirming our commitment to creating opportunity in all parts of the state, especially rural Georgia.'

The largest investment is a $4.9 million loan to the Cumberland Community Improvement District in Cobb County.

The city of Mount Vernon in Montgomery County will get a grant of about $1.4 million for drainage improvements and road repairs to significant damage caused by Hurricane Helene. Carver Street, currently a dirt road, is slated to be paved.

Since its inception in 2010, the GTIB has awarded $242 million in grants and loans. Applications are evaluated based on criteria including economic value and the availability of matching funds.