The Tennessee Department of Economic and Community Development has announced the counties selected to participate in the latest round of the Select Tennessee Property Evaluation Program.
The counties include Campbell, Dyer, Jefferson and Rhea.
The program evaluates potential industrial properties, advising counties on industrial site improvements and where investments may be most beneficial.
PEP originated from TNECD’s Select Tennessee Certified Site Program. With assistance from site selection firm Austin Consulting, PEP provides participating counties with guidance on site planning for future industrial development projects.
PEP includes an on-site visit by Austin Consulting and TNECD, an educational webinar on the site selection process and a comprehensive assessment of the strengths and needs of each community’s inventory of industrial sites.
This assessment also offers recommendations to improve marketability.
The four counties were selected based on the demonstrated local need for industrial properties and the county’s ability to assemble properties with viable market potential.
The application process begins with a submission of a letter of intent, which is accepted at any time. Upon receipt of the letter, interested communities will receive the PEP application. A new round of communities will be accepted into the program in the fall.
“I’m pleased to announce Campbell, Dyer, Jefferson and Rhea counties will take part in PEP, which has helped dozens of Tennessee communities identify opportunities for site development. TNECD is committed to strengthening Tennessee’s inventory of industrial sites as we recruit new industries and support existing business expansions that create high quality jobs.” – TNECD Commissioner Bob Rolfe.
“The Property Evaluation Program allows community leaders to take a step back and review their economic development goals within the context of their existing industrial real estate assets. In almost every case, PEP brings clarity to what the next steps should be.” – Jonathan Gemmen, Director of Austin Consulting
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs.
To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth.
Find the department on the web: tnecd.com. Follow on Twitter and Instagram: @tnecd. Like on Facebook: facebook.com/tnecd.