BELLS, Tenn., Oct 03, 2011 -- A rapidly growing area is a sign of economic growth and is a movement in the right direction. In some areas, that rapid expansion leaves some areas scrambling to keep up with the requirements needed to sustain the community. The city of Bells was one of those areas looking for ways to match the growing community they serve.
Bells Mayor Harold Craig and other local leaders joined USDA Rural Development Area Director Harriet Cannon at the well and water treatment plant site where it was announced that Phase II of a three phase water production system will begin with federal funding.
"Safe, reliable water is vital to the future of every healthy community," said Cannon. "Making these infrastructure investments puts people to work now and it lays the foundation for improved safety and sustainable growth in this area through the next generation."
Rural Development financing includes a $239,000 low-interest infrastructure loan that will be combined with a Community Development Block Grant of $343,725 from the state and $6,306 in contributions from the city totaling $589,031 being pumped into the local area.
Rural Development community programs finance construction or improvements to essential services like reliable access to clean water, wastewater treatment, healthcare, education, job training and first responder facilities. Loan-guarantees encourage private lenders to expand the availability of affordable financing in rural communities. Direct loans and grants create sound financial opportunities for local governments to meet essential infrastructure needs.
USDA Rural Development invests in jobs, infrastructure, homeownership and affordable rental housing in rural communities. During the last two years the agency assisted more than 1.5 million Tennessee families and businesses, investing more than $1.3 billion through affordable loans, loan guarantees and grants.
For more information on Rural Development programs available in Northwest Tennessee contact the Rural Development Area Office in Union City at 731-885-6480 ext. 4, toll free at 800-342-3149 ext. 1497 or visit us 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