- Counties include Morgan, Robertson, Rutherford and White
- PEP originates from the department’s Select Tennessee Certification Program
NASHVILLE, Tenn. – The Tennessee Department of Economic and Community Development (TNECD) announced today the counties selected to participate in the latest round of the Select Tennessee Property Evaluation Program (PEP).
The counties include Morgan, Robertson, Rutherford and White.
This round brings the total number of counties that have participated in PEP to 50. Since its inception in 2015, PEP has helped improve the inventory of industrial sites and buildings across the state. The program evaluates potential industrial properties, advising counties on industrial site improvements and where investments may be most beneficial.
PEP originated from TNECD’s Select Tennessee Certified Site Program. With assistance of site selection firm Austin Consulting, PEP provides participating counties with guidance on site planning for future industrial development projects.
PEP includes an on-site visit by Austin Consulting and TNECD, an educational webinar on the site selection process and a comprehensive assessment of the strengths and needs of each community’s inventory of industrial sites. This assessment also offers recommendations to improve marketability.
The four counties were selected based on the demonstrated local need for industrial properties and the county’s ability to assemble properties with viable market potential. The application process begins with a submission of a letter of intent, which is accepted at any time. Upon receipt of the letter, interested communities will receive the PEP application. A new round of communities will be accepted into the program in the spring of 2020. For more details on PEP, click here.
QUOTES
“I’m pleased to announce Morgan, Robertson, Rutherford and White counties will take part in PEP, which has helped numerous communities identify opportunities for site development. This program puts our state in a position to attract quality jobs and improve our overall economic growth potential.” – Gov. Bill Lee
“In order for Tennessee communities to recruit industry or support existing business growth, it is crucial that they have shovel-ready sites. TNECD is focused on strengthening Tennessee’s inventory of industrial sites, and PEP is perfectly suited to strengthen what our local communities have to offer.” – TNECD Commissioner Bob Rolfe
“The Property Evaluation Program serves as a strategic planning session to assess a county’s inventory of industrial sites and buildings. Counties who have participated in this program have a much more cohesive strategy for improving properties as they work to attract capital investment and jobs.” – Jonathan Gemmen, Director of Austin Consulting
TNECD Media Contact
Scott Harrison, Public Information Officer
(615) 417-2076
[email protected]
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 and Instagram: @tnecd. Like us on Facebook: facebook.com/tnecd.
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