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NASHVILLE, Tenn. – Tennessee Gov. Bill Lee and Department of Economic and Community Development Commissioner Bob Rolfe announced today 15 new Site Development Grants, totaling more than $4.6 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.
“Thanks to the support of our General Assembly, I’m pleased to announce 15 more communities that will participate in the Site Development Grants program,” Governor Lee said. “Strengthening and supporting rural Tennessee is one of my major priorities, and these grants will help our communities attract jobs and enhance economic growth.”
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 115 Site Development Grants across the state, totaling nearly $39 million in assistance to local communities.
“Shovel-ready sites are key to recruiting new businesses to our state,” Rolfe said. “The Site Development Grant program brings a community one step closer to achieving Select Tennessee site certification and strengthens it as an attractive option for economic development opportunity.”
The grants awarded this round include:
I-40 Advantage Industrial Park, $464,407 – Grade the site and construct an all-weather access road
Commerce Park Interstate Site, $439,110 – Extend water, sewer, and gas lines to the site
Henderson Industrial Site, $500,000 – Grade the site and conduct a rail study
Gibson County Industrial Park South Site, $500,000 – Extend water and sewer lines and construct a pumping station at the site
Reeves Property, $349,883 – Grade and prepare the site
American Way Site, $435,670 – Replace water lines serving the site
Northwest Tennessee Regional Industrial Center, $475,000 – Replace and extend water lines and upgrade a booster station at the site
Hardin Industrial Park, $99,954 – Conduct due diligence studies
White House Business Park, $40,833 – Conduct due diligence studies
Mitchell Street Industrial Park, $500,000 – Grade the site and construct an all-weather access road
Jones Road Site, $147,464 – Extend sewer lines to the site
Armstrong Property, $100,000 – Conduct due diligence studies
Selmer North Industrial Park, $57,000 – Conduct due diligence studies
PowerCom Industrial Center North Campus, $31,500 – Conduct due diligence studies
Highway 209 Industrial Site, $494,950 – Property purchase
Applications were reviewed by an advisory committee made up of TNECD, Austin Consulting, the Tennessee Valley Authority, Tennessee Department of Environment and Conservation, Tennessee Department of Transportation and USDA Rural Development.
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 and Instagram: @tnecd. Like us on Facebook: facebook.com/tnecd.
TNECD Media Contact
Public Information Officer