Tellico West to Receive Infrastructure Improvement Grant

 

FOR IMMEDIATE RELEASE

September 20, 2006

 

Washington, D.C. – Congressman John J. Duncan, Jr. (R-Tenn.) announced today that the Appalachian Regional Commission has approved a $250,000 grant to the Tellico Reservoir Development Agency.

 

The Appalachian Regional Commission is a federal-state partnership that works with the people of Appalachia to create opportunities for self-sustaining economic development and improved quality of life.

 

Funding will go toward construction of infrastructure improvements at the Tellico West Industrial Properties in Vonore, TN, and will support the creation of 300 jobs and attract about $9.4 million in private investments.

 

The project includes the construction of a lake access dock and ramp for boat manufacturers in the Tellico West Industrial Park.  The dock, which will be owned by the Tellico Reservoir Development Agency, will allow the manufacturers to test their products.  A new boat manufacturing plant is also locating to the park and will create hundreds of new jobs.  Due to the site’s unique location near the Tellico Reservoir, the park has been an attractive site to the industry.  

 

In addition to the funds from the Appalachian Regional Commission, the State of Tennessee has committed $750,000 from the FastTrack Infrastructure Development Program, and the Tellico Reservoir Development Agency will provide $176, 471.   The total project funding is $1,176,471.

 

“I am pleased by the commitment of the Appalachian Regional Commission, the State of Tennessee, and Tellico Reservoir Development Agency to this important infrastructure investment in Monroe County,” said Duncan.  “The community will benefit greatly from the economic growth that these investments make possible.”