TUPELO – Eager to lure more industrial development to Lee County, the Community Development Foundation will apply for a new Tennessee Valley Authority grant to prepare land.
The Lee County Board of Supervisors authorized the CDF Monday to seek a grant of up to $500,000 to prepare 67 acres in Turner Industrial Park in Saltillo, which could eliminate time needed for an industry to locate at the site. Board President
Bobby Smith said chances of recruiting companies to locate at a specific property improve when the land is ready for construction.
“It just sells better if it’s ready,” Smith said.
Jon Milstead, CDF vice president for community planning services, said the economic development organization will apply for the grant offered to areas throughout the TVA service area, which includes parts of seven states in the Southeast.
TVA will announce winners of the competitive grants in November. If CDF receives the grant, work to level the land at the industrial park would likely take about six months, Milstead said. Afterward, the location would be marketed as “project ready.”
The county has courted companies at the Turner Industrial Park location through the years and believes preparing the area for development will improve chances of landing a tenant.
“Because it’s one of the larger industrial properties that Lee County owns, it’s going to take a lot of earth work to prepare the site,” Milstead said.