Roane County Receives Site Development Grant
Roane Alliance has been selected for a $356,000 Site Development Grant for the Jones Road Site located inside Roane County.
July 5, 2016
Tennessee Economic and Community Development Commissioner Randy Boyd announced today Roane Alliance has been selected for a $356,000 Site Development Grant for the Jones Road Site located inside Roane County.
The grant will help fund clearing and grading for a building pad on the site to accommodate a minimum 100,000 square foot building. Funding from the state will be matched by an investment from Roane County Government and Roane County Industrial Development Board. The Jones Road Site is a state certified site located in the Roane Regional Business and Technology Park.
“In January, work began to create the new access road to the Jones Road Site, which we stand on today, and was funded through another grant – TVA’s InvestPrep” said Roane Alliance’s CEO Wade Creswell, during the presentation. “This grant will allow even more improvements to the site, improving marketability and preparing the site for development in the near future.”
Roane County was one of 15 sites across the state chosen by the State’s Site Development Grant program, part of the larger Rural Economic Development Fund announced by Governor Haslam and Commissioner Boyd in October 2015. The grant assists communities in finalizing infrastructure and engineering improvements for project-ready certified sites and are intended to help rural communities overcome barriers to site certification and prepare them to receive an economic development project.
The SDG program works in cooperation with the department’s Select Tennessee Site Certification program, named the best site certification program in the U.S. by Area Development magazine. Besides Jones Road, Roane County has two additional certified sites - the Horizon Center and Cardiff Valley Site.
“Site certification is really site elimination. Rural Tennessee communities already compete for jobs and investment and do quite well. We want to help them up their game and increase their close rate by making our rural county site inventory among the most attractive and project ready in the world,” said Randy Boyd, TNECD Commissioner.
“Through this investment, we expect to see more opportunities and deals flow in rural Tennessee by assisting communities in overcoming obstacles for certification or by improving a Certified Site,” said Amy New, Assistant Commissioner for Rural Development. “We want to partner with communities to complete the finishing touches on their sites so that we see more gold shovels tossing the ceremonial dirt.”
An advisory committee made up of staff from the department, Tennessee Valley Authority, Tennessee Department of Environment and Conservation, Tennessee Department of Transportation, and United States Department of Agriculture selected these 15 sites from a pool of 24 applications. The application process was competitive with grants awarded based on benefit to the community, economic impact, and projected return on investment.