NASHVILLE, Tenn. (WKRN) — On Thursday morning, Gov. Bill Lee and Tennessee Department of Economic and Community Development (TNECD) Commissioner Stuart C. McWhorter announced 18 Tennessee Main Street and Tennessee Downtowns communities will each receive hundreds of thousands of dollars through Downtown Improvement Grants.
“Tennessee’s downtown districts are the key focal points for cities and towns statewide and help to drive business, tourism and leisure,” said Lee. “Congratulations to the communities receiving funding through the latest round of TNECD’s Downtown Improvement Grants. We look forward to seeing the continued prosperity our communities experience because of the economic growth these grants will bring.”
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The TNECD said more than $4.76 million in Rural Economic Opportunity funding is being awarded to improve structures in Tennessee Downtowns and Main Street communities.
Recipients of the grants reportedly illustrated the need for improvements and the ability to execute an effective design plan for building facades, wayfinding signage, gateways, and streetscapes. However, each new grant recipient will be required to match 25% of the funding received.