13 Tennessee communities getting economic development funds
NASHVILLE, Tenn. (AP) — State officials say 13 communities in Tennessee are receiving funds to prepare them for economic development projects that would create jobs.
Gov. Bill Lee said in a news release Wednesday that the places receiving $5 million in Site Development Grants can use the money to meet infrastructure needs and make engineering improvements on sites that are ready for business projects.
Lee says the communities getting the grants will be “better positioned for economic success and investment.”
Grants range from $27,000 for the development of a master plan for an industrial park site in Macon County, to $1 million each for the East Tennessee Progress Center in Morristown and a rail site in Columbia.
The grant program is part of the state’s Rural Economic Opportunity Act.