Bredesen Announces Infrastructure Grants
NASHVILLE – Gov. Phil Bredesen and Economic and Community Development Commissioner Matthew Kisber recently approved FastTrack Infrastructure Development Program grants to assist in infrastructure improvements.
“This program is important for communities working to attract new industrial investment or to encourage existing industries to expand and contributes to a positive business climate for our state overall,” Bredesen said. “I’m pleased we can provide this grant to help communities foster economic growth and create more higher-skilled, better-paying jobs for Tennesseans.”
The following lists each recommendation and the project it will finance.
Carter County Gas Line Extension Project for Borla Performance Industries: $296,296
• The Carter County grant will be used to assist Borla Performance Industries TN, Inc. with gas line extension improvements at their facility in Elizabethton. The project will create 250 new jobs for Carter County. Funding for the $10,333,490 project will include $10,000,000 in company funds and $37,194 in local funds.
City of Pulaski Site Drainage Improvement Project for Windsor USA Mold, Inc.: $83,000
• The City of Pulaski grant will be used to assist Windsor USA Mold, Inc. with site drainage upgrade improvements at their facility in Pulaski. The project will provide 25 additional jobs for Giles County. Funding for the $3,000,000 project will include $2,900,000 in company funds and $17,000 in local funds.
City of Pulaski Sewer Extension Improvement Project for Ice River Springs Pulaski, LLC: $456,732
• The City of Pulaski grant will be used to assist Ice River Springs Pulaski, LLC with sewer extension improvements at their facility in Pulaski. The project will provide 75 new jobs for Giles County. Funding for the $14,350,280 project will include $13,800,000 in company funds and $93,548 in local funds.
The FastTrack Infrastructure Development Program was authorized by the Tennessee General Assembly in 1988. The program is administered by ECD. FIDP funds are to be used for infrastructure improvements or for job-specific workforce training for Tennessee industry.
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to create higher skilled, better paying jobs for all Tennesseans. The department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. To find out more, go to www.tnecd.gov.
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