TNECD Announces Six Counties to Participate in Property Evaluation Program

• Counties embody Benton, Gibson, McNairy, Pickett, Sullivan and Tipton
• PEP originates from TNECD’s Choose Tennessee Certification Program

NASHVILLE, Tenn. – The Tennessee Division of Financial and Neighborhood Improvement (TNECD) introduced at present the counties chosen to take part within the newest spherical of the Choose Tennessee Property Analysis Program (PEP).

The counties embody Benton, Gibson, McNairy, Pickett, Sullivan and Tipton. 

PEP evaluates potential industrial properties, advising counties on industrial web site enhancements and the place investments could also be most helpful. Since its inception in 2015, PEP has helped enhance the stock of business websites and buildings throughout the state, with greater than 380 websites being reviewed. 

“Having a listing of shovel-ready industrial websites is a vital half in recruiting and efficiently touchdown financial improvement tasks,” TNECD Commissioner Stuart McWhorter stated. “By means of the Choose Tennessee Property Analysis Program, Tennessee communities can acquire the aggressive edge wanted to draw new companies to the state. We’re proud to associate with Benton, Gibson, McNairy, Pickett, Sullivan and Tipton counties as they work to boost their marketability and enhance the probability of future financial alternatives.”

PEP originates from TNECD’s Choose Tennessee Licensed Web site Program. With help from web site choice agency Austin Consulting, PEP gives taking part counties with steerage on web site planning for future industrial improvement tasks.

PEP contains an on-site go to by Austin Consulting and TNECD, an academic webinar on the positioning choice course of and a complete evaluation of the strengths and desires of every neighborhood’s stock of business websites. This evaluation additionally gives suggestions to enhance marketability.

“Tennessee has seen a flurry of business bulletins inside the final yr, many happening on Choose Tennessee Licensed Websites,” stated Jonathan Gemmen, senior director of Austin Consulting. “It’s encouraging to see such a robust curiosity within the Property Analysis Program, as Tennessee must proceed to fill the pipeline of web sites which can be prepared for industrial funding.”

The six counties had been chosen based mostly on the demonstrated native want for industrial properties and the county’s potential to assemble properties with viable market potential. The applying course of begins with a submission of a letter of intent, which is accepted at any time. Upon receipt of the letter, communities will obtain the PEP software. A brand new spherical of communities will likely be accepted into this system within the spring of 2023. Be taught extra about this system right here. 

In regards to the Tennessee Division of Financial and Neighborhood Improvement
The Tennessee Division of Financial and Neighborhood Improvement’s mission is to develop methods that assist make Tennessee the No. 1 location within the Southeast for prime quality jobs. To develop and strengthen Tennessee, the division seeks to draw new company funding to the state and works with Tennessee firms to facilitate growth and financial development. Discover us on the internet: tnecd.com. Comply with us on Twitter, Instagram and LinkedIn. Like us on Fb. Subscribe to our YouTube channel.

TNECD Media Contact
Lindsey Tipton
Public Info Officer
(615) 339-6608
Lindsey.Tipton@tn.gov

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