- Grants total nearly $8 million
- Program helps communities prepare industrial sites for business investment
- TNECD has awarded more than 130 Site Development Grants across Tennessee
NASHVILLE, Tenn. – Tennessee Gov. Bill Lee and Department of Economic and Community Development Commissioner Bob Rolfe announced today nine new Site Development Grants, totaling approximately $7.6 million.
The grants are designed to help communities achieve Select Tennessee site certification and prepare industrial sites for economic development projects. The funding helps communities invest in infrastructure and engineering improvements on project-ready sites.
“When we provide rural communities with the tools needed to attract new jobs and support economic growth, more Tennesseans have opportunities to thrive,” said Lee. “I commend the General Assembly for their partnership in funding nine additional industrial sites to support future development projects and ensure prosperity across Tennessee.”
The Site Development Grant program, part of the Rural Economic Opportunity Act, works in tandem with TNECD’s Select Tennessee program. Since 2016, TNECD has awarded 136 Site Development Grants across the state, totaling more than $54 million in assistance to local communities.
“The Site Development Grant program enables Tennessee communities across the state to invest in the infrastructure needed to develop shovel-ready sites,” said Rolfe. “We are proud to partner with these nine communities as they move one step closer to achieving the ultimate goal of Select Tennessee site certification, and we look forward to seeing the successes that follow this latest round of awards.”
The grants awarded this round include:
- City of Waynesboro: Waynesboro Industrial Park, $1,345,630 – Property grading, access road construction
- Clarksville-Montgomery County Industrial Development Board: Site 19B, Clarksville County Industrial Park, $700,000 – Property grading, tree clearing
- The Cocke County Partnership, Inc.: Smoky Mountain Innovation Park of Cocke County, $1,000,000 – Property grading
- East Tennessee Regional Agribusiness Marketing Authority: ETRAMA Site, $90,000 – Due diligence studies
- Industrial Development Board of Rhea County: Spring City Site, $950,000 – Property grading
- The Industrial Development Board of the City of Lexington: Timberlake Industrial Park, Reeves Property, $586,741 – Property grading
- Joint Economic and Community Development Board of Lawrence County: Lawrenceburg Industrial Park, $2,000,000 – Property purchase
- Savannah Industrial Development Corporation of the City of Savannah, TN: Boyd Property, $80,370 – Due diligence studies
- Selmer/McNairy County Industrial Development Board: Selmer North Industrial Park, $897,942 – Property grading, access road construction
Applications were reviewed by an advisory committee made up of TNECD, Austin Consulting, the Tennessee Valley Authority, Tennessee Department of Environment and Conservation and Tennessee Department of Transportation.
Each application was supported by the community’s senator and representatives in the Tennessee General Assembly.
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: tnecd.com. Follow us on Twitter, Instagram and LinkedIn. Like us on Facebook. Subscribe to our YouTube channel.
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