Grundy County awarded federal funding for heritage building

                                                                                                               

December 9, 2009 - TRACY CITY, Tenn.—USDA Rural Development State Director Bobby Goode today announced federal funding of $50,000 for the Grundy County Historical Society. The presentation took place at the society's new building at 465 Railroad Avenue.

 

"Heritage tourism is a growing segment of the travel industry and people visiting to research their ancestors tend to stay longer and spend more with local businesses," said Goode. "Thanks to the support of our congressional delegation, Rural Development has the financial resources to invest in a building like this that provides educational opportunities and attracts customers for local businesses in Grundy County."

 

According to Grundy County Historical Society President Janelle Taylor the $40,000 RD Community Facility Loan and $10,000 grant will be used to purchase and outfit a building to house the society's heritage museum and library. The collections have outgrown the capacity of their present home at the Grundy County Library. The move will also create additional space for the library and provide much needed meeting space for community organizations.

 

Rural Development community programs finance construction of 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.

 

Others participating in the event included Rep. Lincoln Davis' Representative Sammy Lowdermilk, Grundy County Mayor Ladue Bouldin and RD Chattanooga Area Director Rickey Hickman and staff David Collett, Colleen Price and Alisa Farmer.

 

USDA Rural Development invests in jobs, businesses, community infrastructure, homeownership and affordable rental housing in rural communities. Last year Rural Development assisted more than 866,000 Tennessee families and businesses with more than $619 million in financial assistance through affordable loans, loan guarantees and grants.

 

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 1-800-342-3149 ext. 1492 or visit us online at www.rurdev.usda.gov/tn.

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