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Wednesday, August 9, 2017

After 9 years, City of Crossville calls $1 million EDA grant a success

City of Crossville Press Release:

In 2008, the City of Crossville accepted $1,000,000 from the U.S. Department of Commerce for an Economic Development Administration grant to assist in funding an upgrade of the wastewater treatment plant capacity. As part of the application, the City talked to 5 local industries about their expansion plans in the coming years and used those plans as justification for the need to expand the capacity of the wastewater treatment plant. As required by the grant, the City Clerk recently filed a 9-year report on these same 5 industries. The results were outstanding and further demonstrated the value of working with our local industries to assist them in expanding their operations. During the 9-year period, the 5 industries reported a total of 685 new jobs created, with investments totaling $84,028,744.

Mayor James Mayberry commented that “We are constantly working with our local industries to support them any way we can, whether it be infrastructure needs or workforce development. We also continue to work with the County, the Chamber of Commerce, Tennessee Department of Economic Development and TVA to promote our amenities and what our community has to offer to potential industries for even more diversified job opportunities for our citizens. As shown by this report, the investment from local, state, and federal agencies yields great returns for our local economy.”

Chamber of Commerce President Brad Allamong concluded “While these type of capital improvements put a strain on limited local tax dollars, this $1,000,000 grant clearly shows how these investments can pay-off in the long term. Anyone would jump at an investment that would give us $84 to $1 commitment-even if that investment would pay out over nine to ten years! What is more promising is that fact that through this waste water expansion, we will continue to see returns in the years to come benefiting both business and our local citizens. A really great deal for everyone.”

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