U.S. Department of Commerce Invests $587,500 to Support Business Expansion and Growth in Lewisburg, Tennessee
WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $587,500 grant to the city of Lewisburg, Tennessee, to make critical sewer system improvements needed to support business recruitment and expansion efforts at the Lewisburg Industrial Park. This EDA grant, to be matched with $587,500 in local investment, is expected to create nearly 300 jobs and generate $88 million in private investment.
“The Economic Development Administration plays an important role in helping communities implement their plans to provide the vital infrastructure that businesses need to be successful,” said H. Philip Paradice, Jr., Director of EDA’s Atlanta Regional Office. “This EDA investment will provide the additional capacity that the Lewisburg Industrial Park needs to support a new automotive-related industry, the future expansion of existing companies, and the recruitment of new industries.”
“This critical investment in the Lewisburg Industrial Park will provide tremendous opportunity for Marshall County,” said Governor Bill Lee. “I thank the Economic Development Administration for prioritizing these improvements to support business recruitment and create jobs for Tennesseans.”
“This grant will continue to encourage growth in the economy by supporting necessary infrastructure improvements, and laying a strong foundation for job creation for the hardworking citizens of Lewisburg, Tennessee,” said Senator Bill Hagerty. “I am pleased to see the Economic Development Administration continuing to invest in our great state.”
This project was made possible by the regional planning efforts led by the South Central Tennessee Development District (SCTDD) which EDA funds. SCTDD brings together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.