Grundy Co. selected to receive $500,000 grant for industrial site development
Tennessee Governor Bill Lee has announced 13 communities in the state that will be receiving site development grants.
One of those communities is in the Tennessee Valley.
“I would like to congratulate the 13 communities receiving Site Development Grants,” Lee said. “One of Tennessee’s major initiatives is helping rural communities, and with the assistance of these grants, these communities will be better positioned for economic success and investment. I look forward to seeing these communities continue to grow and excel.”
The purpose of the grant is to help rural communities achieve Select Tennessee site certification and get them ready to receive economic development projects that will create new jobs in the community, a Tennessee Department of Economic and Community Development spokesperson explained.
“Through the Site Development Grants, we are partnering with these communities to help them remain competitive in the economic development game by creating project-ready sites,” said Sammie Arnold, TNECD assistant commissioner of Community and Rural Development. “With this investment, we expect to see more job creation and anticipate future growth in these communities.”
In the Tennessee Valley, Grundy County was selected to receive a grant totaling $500,000 to use on projects at Pelham Industrial Park.
Overall, more than $5 million will be distributed among the 13 chosen communities.