{"id":13151,"date":"2022-05-01T01:00:00","date_gmt":"2022-05-01T01:00:00","guid":{"rendered":"https:\/\/goodnewsmags.com\/?p=13151"},"modified":"2023-07-24T15:51:20","modified_gmt":"2023-07-24T15:51:20","slug":"attracting-new-business","status":"publish","type":"post","link":"https:\/\/goodnewsmags.com\/fayetteville\/attracting-new-business\/","title":{"rendered":"Attracting new business"},"content":{"rendered":"\n
THE FAYETTEVILLE Lincoln County Industrial Development Board (FLCIDB) is looking to bring growth to the community as it seeks to attract business to the area.\u00a0<\/p>\n\n\n\n
The Tennessee Department of Economic and Community Development (TNECD) awarded the FLCIDB with a $1 million Site Development Grant, making the board one of 12 recipients of 12 grants that totaled more than $8 million. Tennessee Gov. Bill Lee and Department of Economic and Community Development Commissioner Bob Rolfe made the announcement last December. <\/p>\n\n\n\n
The TNECD is designed to work with Tennessee companies to facilitate expansion and growth, helping to attract new corporate investment in the state. The Site Development Grant program \u2014 part of the Rural Economic Opportunity Act \u2014 aims to help communities prepare their industrial sites for business investment, working with TNECD\u2019s Select Tennessee program. <\/p>\n\n\n\n
The grants were created to help communities achieve Select Tennessee site certification and prepare industrial sites for economic development projects. The funding aids communities by helping them invest in engineering and infrastructure improvements on project-ready sites. <\/p>\n\n\n\n<\/figure>\n\n\n\n
Elaine Middleton, executive director of the FLCIDB, said the FLCIDB made applications for the grant, to construct a 250,000 square foot, pad-ready site in the Fayetteville-Lincoln County Industrial Park on Highway 64.\u00a0<\/p>\n\n\n\n
\u201cThe project will clear, grub, and grade approximately 20 acres of the site,\u201d Middleton said, via email. \u201cEarthwork will establish a \u2018pad-ready\u2019 site to accommodate a 250,000 square foot building pad, parking lot, and access drive.\u201d<\/p>\n\n\n\n
Middleton said she hopes that construction will begin in June. If the weather is very cooperative, she expects the project to be completed by the end of October. She also hopes that the next project would be helping an industry locate on that property. <\/p>\n\n\n\n
\u201cFor us, our whole intent to build this pad is to make the site more attractive to a prospect,\u201d Middleton said. \u201cOur end goal is to attract a new industry to that site.\u00a0<\/p>\n\n\n\n
According to a news release by the FLCIDB when it received the grant, Lee said the grants will help communities obtain jobs. <\/p>\n\n\n\n
\u201cThanks to the support of the General Assembly, the Site Development Grants program will enhance an additional 12 industrial sites for future economic development projects,\u201d Lee said. \u201cI remain committed to rural Tennessee, and these grants will help our communities attract jobs and support economic growth across our state.\u201d <\/p>\n\n\n\n
According to the same news release, Rolfe also expressed his excitement for the grants. <\/p>\n\n\n\n
\u201cThe Site Development Grants program is essential to our Tennessee communities, as it not only helps to create shovel-ready sites but serves as a catalyst for achieving the ultimate goal of Select Tennessee site certification,\u201d Rolfe said. \u201cWe look forward to seeing the communities\u2019 successes that follow this latest round of awards.\u201d <\/p>\n\n\n\n
TNECD has awarded 127 Site Development Grants that totaled more than $47 million across the state to assist local communities since 2016. -GN<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"
THE FAYETTEVILLE Lincoln County Industrial Development Board (FLCIDB) is looking to bring growth to the community as it seeks to attract business to the area.\u00a0 The Tennessee Department of Economic and Community Development (TNECD) awarded the FLCIDB with a $1 million Site Development Grant, making the board one of 12 recipients of 12 grants that […]<\/p>\n","protected":false},"author":12,"featured_media":13159,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-13151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stories"],"yoast_head":"\n
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