|FEDERAL, STATE PARTNERSHIP INVESTS IN PULASKI/GILES COUNTY|
|The employment rate improved in July for Giles County workers, but according to state statistics it remains stubbornly high compared to the state and national averages.|
|PULASKI, Tenn., Aug 29, 2011
@@The employment rate improved in July for Giles County workers, but according to state statistics it remains stubbornly high compared to the state and national averages. According to Pulaski/Giles County Economic Development Commission (EDC) Executive Director Dan Speer the region has a lot to offer companies looking for a work-ready location to start-up or expand.
In addition to a strong workforce, excellent educational opportunities and regional transportation links, the EDC and Tennessee Valley Authority say a local advantage is that the Pulaski Electric System has a unique fiber-to-the-premises network capable of connecting every business in the city to the Internet at speeds up to 50 Mbps and a server farm for area businesses specially built to withstand the impact of the most severe storms.
Speer said, "We've also listened to what prospective companies are looking for in a facility to make it easy to do business here."
Building on what they learned from prospects, Speer and other local leaders today joined Congressman Scott DesJarlais and USDA Rural Development State Director Bobby Goode to announce federal funding for improvements to Building #3 in the Pulaski Industrial Park. A federal rural business enterprise grant of $99,300 and applicant contributions of $45,623 will fund completion of a 44,000 square foot reinforced concrete floor for the warehouse/factory side of the Building.
"I commend the USDA for their efforts in economic development in rural areas,” said the DesJarlais.
Making industrial buildings in areas like Giles County not only has immediate effects locally, but long-term effects as well.
"Small businesses are the economic engines of rural communities, creating jobs and helping maintain a healthy, diversified local economy," said Goode. "Investments in key infrastructure like are smart. They create jobs now building out the facility and provide a big incentive another company to create good long-term jobs."
Others participating in the event included RD Area Director Faye Rodgers and Area Specialist Susan Shuff.
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.
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.
For more information on Rural Development programs available in southern middle Tennessee contact the Rural Development Area Office in Lawrenceburg at 931-762-6913 Ext. 4, toll free at 1-800-342-3149 ext. 1494 or online at www.rurdev.usda.gov/tn.
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