|RECOVERY ACT FUNDS TWO REGIONAL PROJECTS AIMED AT ATTRACTING GOOD JOBS|
|Goode announced funding for two South Central Tennessee Development District (SCTDD) economic development projects.|
|MANCHESTER, Tenn, Aug 09, 2010
@@U.S. Rep Lincoln Davis and Rural Development State Director Bobby Goode announced funding for two South Central Tennessee Development District (SCTDD) economic development projects. The announcement took place Monday during Davis’ annual Small Business and Rural Infrastructure Seminar in Manchester.
"We need jobs in our rural communities and I support efforts that will help to sell our area to potential employers," said Rep. Davis.
According to SCTDD Executive Director Jerry Mansfield, "A USDA Rural Development $40,000 grant will fund a needed overhaul and update to the district's business recruitment website. This is a key tool that can help or hurt our entire 11 county service area."
A second USDA Rural Development grant of $20,000 will help SCTDD begin implementing the recommendations of the State's recent "Orange Carpet Tour" program. Lawrence, Lewis and Wayne Counties will use MTSU market study resources to develop strategies for taking advantage of a local competitive advantage in wood, plastic and logistics industries. Coffee, Franklin and Lincoln counties will develop marketing resources targeting defense-related industries and conduct a wage and benefit survey of the manufacturing sector in those counties.
"The Orange Carpet Tour project established a good foundation for improving the economic health of rural communities across the state," said Goode. "Now it's time for communities to take advantage of what we learned. Thanks to the support of Congressman Lincoln Davis, USDA has the financial resources to help development districts capitalize on their strengths to bring good jobs into the region."
Rural Development business grants help local governments and non-profit organizations improve local business infrastructure and promote job growth. Business loan-guarantees are also available to help private lenders to increase the pool of investment capital available for business start-up, modernization and expansion in eligible rural areas.
Others participating in the event included Coffee County Mayor David Pennington, Franklin County Mayor Richard Stewart, Lincoln County Mayor Peggy Bevels, Manchester Mayor Betty Superstein, SCTDD Doug Williams, SCTDD Phillip Nowel, SCTDD Mike Marks, SCTDD Nathan Ward and Area Director Faye Rodgers.
USDA Rural Development invests in jobs, businesses, community infrastructure, homeownership and affordable rental housing in rural communities. Last year Rural Development assisted more than 866,000 Tennessee families and businesses with more than $619 million in financial assistance through affordable loans, loan guarantees and grants.
For more information on Rural Development programs available in South Central Tennessee contact the Rural Development Area Office in Lawrenceburg at 931-762-6913 ext. 4, toll free at 1-800-342-3149 extension 1494, or visit us online at www.rurdev.usda.gov/tn.
or call (800) 795-3272 TDD (615) 783-1397.