CAIRO — Grady County Joint Development Authority officials discussed the possible funding for a way to attract a new business to the Syrup City last Wednesday. 

Chairman Chuck Stafford discussed two finance options for erecting a new spec building. 

The first was an up to $500,000 finance option with a zero percent interest rate, if the building is constructed in five years, Stafford said. 

The second was a loan with a 3 percent interest rate. 

“I’m pursuing that also,” Stafford said. 

Vice-Chairman Robbie Burns said a spec building could be built but would be finished once a tenant is chosen. 

No official action was taken toward the funding options. 

JDA officials broached the idea of a new spec building at the November monthly meeting. 

In other business, the Grady County Joint Development Authority: 

• Re-elected Stafford and Burns as chairman and vice-chairman respectively. 

• Reviewed and approved financials for December 2017. 

• Heard updates for Milestone Industrial Park, including: Pioneer in the final stages of new facility, Classic Consoles progressing with new facility, and a $5,460 bid from Southern Land Services for cleaning approximately 13 acres in front of PFG on Hall Road. 

Reporter Jordan Barela can be reached at (229) 226-2400, ext. 1826.