JEFFERSON CITY, Tenn., Jan 31, 2012 -- 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. Jefferson City was one of those areas looking for ways to match the growing community they serve.
USDA Rural Development State Director Bobby Goode was joined today by Jefferson City Mayor Mark Potts and other local leaders at Jefferson City Hall to announce federal funding to upgrade and expand the wastewater treatment plant and construct sewer collection lines just outside of town.
"Safe, reliable water is vital to the future of every healthy community," said Goode. "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."
A low-interest Rural Development (RD) loan of $3,065,000 will be combined with a $1,392,250 grant as well as $72,000 in tap fees from the city to fund the improvements. The $4,529,250 investment in the area will increase the operating capacity of the overall system while providing service to an additional 96 Jefferson City residents.
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. Last year the agency assisted tens of thousands of Tennessee families and businesses, investing more than $737 million through affordable loans, loan guarantees and grants.
For more information on Rural Development programs available in Northeast Tennessee contact the Rural Development Area Office in Greeneville at 423-638-4771 ext. 4, toll free at 800-342-3149 ext. 1490, 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