PIKEVILLE, Tenn., Jul 13, 2011 -- As a community grows, so does its need for space to house city services. USDA Rural Development State Director Bobby Goode and local officials announced a federal investment to construct a new facility to house those services for Pikeville.
"A city's success attracting and growing businesses has a lot to do with its ability to provide essential services like water and sewer, public safety, and administration" said Goode. "Making services more accessible."
USDA Rural Development will provide low interest financing of $925,000 and grant of $75,000. The new 8,000 square foot complex will house city administration offices and include business retention and space for entrepreneurial development to attract and promote local job creation. "The federal investment brings down the cost of the million dollar project so we can afford to move now while the regional economy is on the upswing."
The project is expected to create about 75 jobs including construction and maintenance of existing municipal jobs. The new facility is to be located at 3134 Main Street in the heart of the Pikeville Business District and within the city’s civic square.
The new building will bring all city services under one roof including the Water Department, Gas Department, Chief of Police, City Recorder and Mayor's Office. Construction is expected to begin this month and be completed by December 2012.
Others participating in the event included Sen. Lamar Alexander’s Representative Evan Freeman, Rep. Scott DesJarlais' Representative Gregg Ridley, Bledsoe County Mayor Bobby Collier, Pikeville Mayor Greg Johnson, Pikeville Alderman Reed Sells, City Utility Clerks Joelene Harris and Marva Lawson, Architect Benjamin Farmer, RD Area Director David Collett and staff Clay Copeland, Alisa Farmer and Jayme Meeks.
USDA Rural Development invests in jobs, businesses, community infrastructure, homeownership and affordable rental housing in rural communities. Last year Rural Development assisted more than 1.5 million rural Tennessee families and businesses with more than $1.06 billion in financial assistance through affordable loans, loan-guarantees and grants.
Rural Development business programs help local governments and non-profit organizations improve local business infrastructure and promote job growth. Business loans provide needed financing for rural businesses and 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.
For more information on Rural Development programs available in southeast Tennessee contact the Rural Development Area Office in Chattanooga at 423-756-2239 ext. 2, toll free at 800-342-3149 ext. 1492 or online at www.rurdev.usda.gov/tn.
USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write USDA,
Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410,
or call (800) 795-3272 TDD (615) 783-1397.