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Pellissippi Place receives $1.4M federal grant

4:31 PM, Sep 4, 2013   |    comments
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Economic leaders announced a federal grant that will help pay for some of the costs with a development project in Blount County.

The Blount Partnership received a $1.4 million grant from the U.S. Economic Development Administration to help cover construction costs to extend a roadway in Pellissippi Place. The grant has to be matched with local money.

ProNova Solutions recently broke ground on the first phase of its proton therapy facility in the industrial park. The road extension will support ProNova's facility.

Officials say the grant is pretty competitive.

"The key thing is the partnership. And to be competitive for our funding, you have to show the right public - private partnership, the right job creation and private investment ingredients. And show that you have a long term plan for how you're going to use the investment," said Matt Erskine,deputy assistant secretary for economic development.

Construction on the road is expected to begin in February.

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