Macon County and McMinnville will also benefit from 15 new site development grant recently announced by state
According to the State of Tennessee, the City of Crossville is set to receive Speculative “new site” building construction grant for its Interchange Business Park following Governor Bill Lee’s announcement of a 15-site development grant program.
Other counties will also benefit from the program.
Crossville will get a $4,523,950 windfall while while Macon County is set for a $936,149 – Electrical infrastructure grant for its own Industrial Park. The Industrial Development Board of McMinnville-Warren County at its Linden site will also receive a $100,000 grant as a part of this round of grants.
Details of the state’s far-reaching plan are as follows:
- More than $17 million in grants
- Program helps communities prepare industrial sites for business investment
- TNECD has awarded 180 Site Development Grants across Tennessee
- According to the release, the grants, totaling more than $17 million, are designed to help communities invest in infrastructure and engineering improvements to land economic development projects and achieve Select Tennessee site certification.
“What happens in rural Tennessee matters to all Tennesseans, and we’ve made significant investments to strengthen the skilled workforce in our rural counties,” said Lee in a statement. “TNECD’s Site Development grant program further supports those efforts by creating high-quality jobs for thousands of Tennesseans across our state and spurring future economic growth.”
The Site Development Grant program is part of the Rural Economic Opportunity Act, which provides funding to improve the economies of Tennessee’s rural communities, according to the release. Since 2016, TNECD has awarded 180 Site Development Grants across the state, totaling nearly $100 million in assistance to local communities and generating 7,011 new jobs for Tennesseans.
“From Memphis to Mountain City, Tennessee has so many rural communities,” Commissioner Stuart E. McWhorter said. “Economic growth in our rural regions is vital to our future, and I’m grateful to all involved for helping make this round of grants happen.”
The grants awarded this round include:
- City of Bolivar
Hardeman County Industrial Park, $700,000 – Building rehabilitation - City of Milan
Milan Arsenal Property, $100,000 – Due diligence - City of Union City
Northwest Tennessee Regional Industrial Center, $100,000 – Due diligence - Industrial Development Board of the City of Columbia, Tennessee
Columbia Tennessee Rail Site, $1,687,239 – Electrical infrastructure - Decatur County Chamber of Commerce
Decatur County Industrial Site, $843,535 – Sewer infrastructure - Industrial Development Board of the Town of Huntingdon
Huntingdon Industrial Park South, $829,452 – Access road construction, property grading, and water and sewer infrastructure - Industrial Development Board of McMinnville-Warren County
Linden Site, $100,000 – Due diligence - Industrial Development Board of Pulaski and Giles County Tennessee
Dan Speer Industrial Park South, $1,000,000 – Property grading - Lawrence County Joint Economic and Community Development Board
Lawrenceburg Industrial Park, $4,500,000 – Water, sewer, natural gas, and electrical infrastructure, and property purchase - McMinn County Government
Athens McMinn Innovation Park, $984,752 – Access road construction - Morgan County Economic Development Board
Darnell Property, $100,000 – Due diligence - Selmer McNairy County Industrial Development Board
Selmer Industrial Park North, $500,000 – Engineering studies - The Tusculum-Greeneville-Greene County, Tennessee Industrial Development Board
Greene Valley, $100,000 – Due diligence
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