Delta Regional Authority to invest $1.7M in West Tennessee
The Delta Regional Authority (DRA) will invest more than $1.7 million to help West Tennessee communities and residents, which will be matched by $4.7 million and attract an additional $12 million in leveraged private investment.
The five new investment projects will improve water and sewer systems, support business development, and support job training in communities across West Tennessee. These projects are expected to create or retain 638 jobs and train 65 individuals.
“Born and raised along the Mississippi River, I know firsthand how vital the Delta Regional Authority’s ability to bolster community revitalization and economic prosperity within the Delta and Alabama Black Belt is,” said DRA Alternate Federal Co-Chairwoman Leslie Durham. “By strategically investing federal dollars into physical and human infrastructure, DRA helps alleviate the critical needs of the region in order to improve quality of life for our residents and foster future growth. I want to thank Governor Lee and the Tennessee Congressional Delegation for their continued partnership as we work to level the playing field for our citizens.”
The city of Henderson will receive a DRA investment of $200,000 and a total investment of $216,562 to extend city water lines and add three fire hydrants to provide much needed fire protection to businesses and residents of the west side of Highway 45.
The Huntingdon Industrial Development Board will receive a DRA investment of $175,000 and an additional capital investment of $7 million to construct two stormwater basins to accommodate additional roadwork and parking at the new Hydro-Gear factory. This investment is projected to create 375 jobs and retain one job.
The city of Lexington will receive $300,000 from the DRA and $1.594 million to construct two stormwater basins to accommodate additional roadwork and parking at the new Hydro-Gear factory. This investment is projected to create 375 jobs and retain one job. The Lexington Industrial Development Board will also receive $815,869 with an additional capital investment of $5 million funds to construct a 55,200-square-foot building expansion for a new company to produce heat transfer products. This investment is projected to create 120 jobs.
The Binghampton Development Corporation in Memphis will also use $250,000 in DRA funds and a total investment of $2.4 million to install a fire sprinkler system into an 82,000-square-foot warehouse that will be used to launch a job training program to prepare residents for careers in the logistics industry. This investment is projected to train 25 individuals.
Funding for these projects is provided by the States’ Economic Development Assistance Program (SEDAP), which provides direct investment into community-based and regional projects to support basic public infrastructure, transportation infrastructure, workforce training and education, and small businesses development with an emphasis on entrepreneurship. DRA coordinates directly with the Office of the Governor for the State of Tennessee and local development districts in the state for program funding implementation.