(WJHL) – Bristol Tennessee Essential Services (BTES) is receiving a $500,000 grant to grade and prepare a site at Bristol Business Park, Tennessee’s Department of Economic and Community Development (ECD) announced this morning.
Also in the region, the Hawkins County Industrial Development Board will receive $100,000 to conduct due diligence studies at Phipps Bend Industrial Park.
ECD has awarded more than 100 site development grants for nearly $35 million since 2016, including eight for a total of $2.3 million in today’s announcement. They are designed to help communities prepare sites for economic development projects.
BTES CEO Mike Browder said the Bristol Business Park funds will be used for clearing, grading, and seeding of two separate sites totaling approximately 22 acres. The sites can accommodate a 35,000-square foot building and up to a 200,000-square foot building.
“Having large pad-ready sites are a critical component in attracting new business to our community,” Browder said. “Pad-ready sites are more attractive to potential businesses since it helps to mitigate risk and allows for a faster speed to market.”
Combined with 10 Gigabit internet service availability, that should help attract advanced manufacturing, service industries, data centers, fulfillments centers or corporate offices to the site, Browder said.
“As we recruit new industry and support the growth of existing Tennessee companies, it is critical for us to have a robust inventory of shovel-ready sites,” ECD Commissioner Bob Rolfe said.
“The eight newest grants will enable these communities to prepare their sites and increase their ability to attract new jobs and private sector investment.”
An advisory committee including representatives from ECD, Austin Consulting, TVA, the state departments of environment and conservation and of transportation, and USDA Rural Development reviewed the applications.