Amory was one of 14 communities selected from a pool of 40 applicants throughout the Tennessee Valley Authority’s service territory to participate in the inaugural year of TVA’s InvestPrep program.
The new partnership between the city of Amory and the Monroe County Chamber of Commerce and TVA’s economic development office will raise the profile of the Amory North Port industrial site.
“The competitive nature of economic development forces us to move further down the continuum toward shovel-ready sites,”said Skip Scaggs, executive director of the Monroe County Chamber of Commerce. “Our partnership with TVA is comprehensive and the InvestPrep recognition is a demonstration of their commitment to Monroe County,”
The city and the chamber submitted the application to the program last fall, with the scope of the work to focus on clearing trees and completing dirt work to prepare an 80-acre area for a pad-ready industrial site.
“Over the last several years, Amory and the chamber have worked to prepare the Amory Port for future investment. The InvestPrep designation is a significant step in our work to have the best industrial site along the Tenn-Tom Waterway,” said Mayor Brad Blalock.
Through the standard municipality procurement process, Amory is scheduled to move forward in the coming weeks with site preparation. The estimated project cost is $250,000, which will be covered by a number of funding sources already in place, including InvestPrep, the chamber, the city of Amory and Three Rivers Planning and Development District. The work is expected to take four months.
“Amory has made the investments in rail infrastructure, environmental and geotechnical studies that can be essential to recruit new industry,” said TVA’s senior vice president of economic development, John Bradley. “TVA’s support of this site through our community product investment program leverages local expenditures and raises the site’s profile to site location consultants and prospective companies.”