(NASHVILLE), December 16, 2019 — State Senator Ken Yager (R-Kingston) made the following statement regarding the announcement that the Industrial Development Boards of Morgan, Roane and Cumberland Counties will receive a $1 million Site Development Grant for the Plateau Partnership Park from the Tennessee Department of Economic and Community Development. The funds will be used for infrastructure to construct a water line that will extend under Interstate 40.
“There is great job recruitment potential from Plateau Park for our region,” said Sen. Yager . “Its location adjacent to I-40 is a key factor in attracting significant industries. Combined with the improvements in infrastructure afforded by this grant, it will be a magnet to draw companies which offer high-quality jobs. We appreciate Governor Lee and the Department of Economic and Community Development for seeing the need for this project and believe that this grant will help the park realize its full potential.”
The release from Governor Lee regarding the grant is copied below:
GOVERNOR LEE, COMMISSIONER ROLFE ANNOUNCE 10 NEW SITE DEVELOPMENT GRANT RECIPIENTS
* Ten grants totaling more than $3.8 million
* Program helps communities prepare industrial sites for business investment
* TNECD has awarded 90 Site Development Grants across Tennessee
NASHVILLE, Tenn. – Tennessee Governor Bill Lee and Department of Economic and Community Development Commissioner Bob Rolfe announced today that ten communities will collectively receive more than $3.8 million in Site Development Grant funding.
The Site Development Grant program is part of the Rural Economic Opportunity Act supported by the Tennessee General Assembly for the last three years.
“I am excited to announce ten Site Development Grant recipients, and I’m especially pleased that each recipient is a rural site,” Lee said. “The site development grant program is part of the Rural Economic Opportunity Act, which focuses on promoting economic growth in rural Tennessee. I look forward to seeing what success the future holds for these communities with the assistance of these grants.”
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.
“Attracting industry to Tennessee’s rural communities continues to be one of TNECD’s main goals,” Rolfe said. “With the assistance of the Site Development Grants, the 10 recipients will be able to better prepare their sites and increase their chances of recruiting new businesses to their communities.”
The Site Development Grant program works in tandem with TNECD’s Select Tennessee program. Since 2016, TNECD has awarded 90 Site Development Grants across the state, totaling nearly $32 million in assistance to local communities.
The grants awarded this round include:
City of Covington
Rialto Industrial Park, $420,000 – Water line replacement
City of Gallatin
Gallatin Industrial Park, $96,310 – Installation of a detention pond
City of Lexington
Reeves Property, $495,000- Development of an industrial road
Industrial Development Board of the County of Bradley and City of Cleveland
Spring Branch Industrial Park, $1,000,000 – Grade and prepare a site
Industrial Development Board of the Counties of Cumberland, Morgan, and Roane
Plateau Partnership Park, $1,000,000 – Water line extension
Industrial Development Board of The City of Fayetteville and Lincoln County
Runway Center Industrial Park, $500,000 – Grade and prepare a site
Nickajack Industrial Site & Port, $66,047 – Conduct due diligence studies
Paris-Henry County Industrial Committee
American Colloid Site, $100,000 – Conduct due diligence studies
Washington County Industrial Park, $94,500 – Conduct due diligence studies
City of Waynesboro
Waynesboro Industrial Park, $92,791 – Conduct due diligence studies
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.