Huntingdon, Milan, Union City Receive Industrial Site Grants
From the Jun 25, 2024 e-EditionNASHVILLE, Tenn. – Tennessee Gov. Bill Lee and Department of Economic and Community Development Commissioner Stuart C. McWhorter announced 15 new Site Development Grant recipients including Huntingdon and Milan.
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. “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. 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,” said McWhorter. “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 local grants awarded this round include:
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 Town of Huntingdon
Huntingdon Industrial Park South, $829,452 – Access road construction, property grading, and water and sewer infrastructure
Applications were reviewed by an advisory committee made up of TNECD, Austin Consulting, the Tennessee Valley Authority, the Tennessee Department of Environment and Conservation and the Tennessee Department of Transportation.
Each application was supported by the community’s senator and representatives in the Tennessee General Assembly.
In the e-Edition
McKenzie Banner June 25, 2024
Jun 25, 2024 · Read the full issue →
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