DRA awards funds to four Tennessee municipalities

The Delta Regional Authority (DRA) has announced more than $6.3 million investments in West Tennessee communities, including four municipal projects. 

The funds were awarded as part of the States’ Economic Development Assistance Program (SEDAP) — one of DRA’s main investment tools. 

The Covington Industrial Development Board was awarded $509,000 to complete critical soil stabilization for a multimillion-dollar manufacturing expansion project that will strengthen local infrastructure, advance regional goals of job creation, workforce competitiveness and community resilience. 

The Jackson Regional Airport Authority was awarded more than $1.1 million to demolish an outdated, underutilized aircraft hangar to allow for the construction of a new passenger terminal to enhance regional transportation infrastructure, support economic growth and improve access to essential services. 

Lexington was awarded more than $1.5 million to support a climate control project that will improve an existing manufacturing facility’s need for climate control measures that will help create an environment conducive for retaining employees, ensuring the manufacturing company can attract and retain its much-needed workforce that is critical to the economic vitality of the city. 

The Savannah Industrial Development Corporation was awarded approximately $1 million to aid in the acquisition of a vacant facility to help support the expansion needs of two locally owned manufacturing companies ensure to ongoing operations of the companies within the area, which is critical to the community’s economic well-being. 

The other entities awarded funds from the DRA included $635,000 to McNairy County, $350,000 to the Floor Covering Education Foundation, $375,000 to the Boilermakers and Welding Institute, $349,000 to CodeCrew, and $465,000 to LaunchYourCity in downtown Memphis.