$28.4M Grant Will Attract Nokian Tyres to Dayton, TN
Tennessee officials are living up to their end of a commitment to Finnish manufacturer Nokian Tyres, approving a $28.42 million state infrastructure grant in support of the company's $360 million planned Dayton, Tenn., tire factory.
Department of Commerce Provides $3M for TN Industries
Two $1.5 million grants will go to support electrical transmission infrastructure in Dayton, Tennessee and critical upgrades to the existing wastewater treatment plant in Humboldt, Tennessee. These investments are estimated to generate $91 million in private investment.
Memphis EDGE Launches EDGE Impact Fund
In partnership with Grow America Fund (a Community Development Financial Institution licensed under the U.S. SBA Preferred Lenders Program), the EDGE Impact Fund will make SBA-guaranteed loans of $150,000 or more to small businesses throughout Shelby County.
15 States Trying to Lure Toyota-Mazda $1.6B Plant
One of the biggest potential job-creating bonanzas in the country, a giant new auto plant proposed by Toyota and Mazda, began in secret with a mysterious code name. Now it has become a full-blown race among states to try to reel in the $1.6-billion project that will create 4,000 good-paying direct jobs and thousands of other indirect jobs.
TNECD Accepting Site Development Grant Applications
As part the Select Tennessee Site Certification program, the site development grants are intended to help communities overcome barriers to site certification and prepare for economic development projects. In the last round of grants announced in March 2017, TNECD funded 18 projects with a total investment of $6.2 million in site development grants.
US DOC Invests $1M in Decherd, TN, Water Infrastructure
U.S. Secretary of Commerce Wilbur Ross recently announced that the Department's Economic Development Administration (EDA) is awarding a $1 million grant to Decherd, Tennessee, to improve the city's existing water treatment plant to better accommodate manufacturing and other business needs. According to grantee estimates, the project is expected to create 50 jobs, and generate $115 million in private investment.