Gallatin will receive nearly $100,000 from the state to help with economic development efforts at the city’s industrial park off Airport Road.
The Site Development Grant funding, announced by Gov. Bill Lee and Tennessee Economic and Community Development Commissioner Bob Rolfe last month, will be used to install a detention pond that will be used by three properties at the Gallatin Industrial Center.
“In order for us to continue to grow and attract more companies out there we’ve got to make good use of the property that we have,” Gallatin Economic Development Agency Executive Director James Fenton said the need for the project. “It’s better for us to put this detention pond out there so that we can have more development on the property that the companies own.”
The detention pond will be built on an approximately 2 acres of city-owned property located behind firearms components distributor Axem off Gateway Drive in the newest phase of the industrial park.
In addition to being used by Axem, the detention pond will also serve nearly 17 acres of currently vacant property adjacent to the business along with a nearby Gallatin Electric Department substation.
In all, 10 communities received Site Development Grant funding totaling a combined $3.8 million for infrastructure and engineering improvements on project-ready sites. Of that, Gallatin will get $96,310.
“The site development grant program is part of the Rural Economic Opportunity Act, which focuses on promoting economic growth in rural Tennessee,” Gov. Bill Lee said in a prepared statement. “I look forwarded to seeing what success the future holds for these communities with the assistance of these grants.”
Applications were reviewed by an advisory committee and were supported by their community’s senator and representatives in the Tennessee General Assembly.
Since 2016, TNECD has awarded 90 Site Development Grants across the state totaling nearly $32 million in assistance to local communities. The funding is intended to help rural communities overcome barriers and prepare them for projects that will lead to economic growth and new job opportunities.
“We’ve already seen a lot of new interest in the region from companies looking to expand into our state and I’m confident that this (most recent) grant investment will help make their decision easier,” Sen. Ferrell Haile (R-Gallatin) said in a prepared statement. “I appreciate Governor Lee, Commissioner Rolfe, and all of our state and local officials for helping to secure these funds. I look forward to continuing to work with them to bring new jobs to our communities.”