LAFOLLETTE, Tenn., Apr 26, 2012 -- Growth is a sign of economic health for a community. But in some areas, rapid expansion can leave local utilities scrambling to keep up. USDA is helping LaFollette meet the challenge.
USDA Rural Development State Director Bobby Goode was joined today by LaFollette Mayor Michael Stanfield and other local leaders at LaFollette City Hall to announce federal funding to install more 1,250 linear feet of new waterline, exchange install Automatic Read Meters and then improve the treatment filters at the wastewater pump station.
"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 USDA Rural Development (RD) loan of $1,825,000 will be combined with a grant of $300,000 to fund the improvements. The $2,125,000 investment in the area will improve the reliability of the system, reduce water loss and cut costs.
Others who participated in the event included Sen. Lamar Alexander’s Representative Jane Chedester and Sen. Bob Corker’s Representative David Leverton.
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, community development, homeownership and affordable rental housing to improve the economic health of rural communities. During the last three years the agency has assisted at least 1.5 million Tennessee families and businesses in 158 communities, investing more than $2.5 Billion through affordable loans, loan guarantees and grants.
For more information on Rural Development programs available in East Tennessee contact the Rural Development Area Office in Knoxville at 865-523-3338, ext. 4, toll free at (800) 342-3149 ext. 1491or 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