Alexander, Corker, Duncan Praise $1 Million in Federal Funding For Upgrades to Water Treatment Facility Serving Loudon, Monroe Counties

Funding Expected to Create over 120 Jobs and Generate $6 Million in Private Investment

Posted on March 21, 2008

U.S. Senators Lamar Alexander (R-Tenn) and Bob Corker (R-Tenn) and U.S. Rep. John Duncan (R-Tenn.) today praised the announcement from the U.S. Department of Commerce Economic Development Administration (EDA) that the Tellico Area Services System will receive $1 million to support the construction of upgrades to the Niles Ferry Industrial Park Wastewater Treatment Plant serving Loudon and Monroe counties. Increasing the plant's capacity will promote economic development in the Tellico Lake region, allowing existing businesses to expand and new businesses to locate in the area. The federal funding provided for this project is expected to create more than 120 new jobs and generate more than $6 million in private investment for the area's economy. “Upgrading local water infrastructure is critical to areas like East Tennessee, especially after experiencing one of the worst droughts in a hundred years of Tennessee history,” Alexander said. “This construction could mean 120 new jobs and pump $6 million into the local economy, giving a much-needed economic boost to the area. I will continue to work with the Department of Commerce and the Tennessee delegation to ensure Tennesseans are getting the help they need.” “Expanding the area's water treatment facility not only makes essential water services available to more residents and businesses, these types of infrastructure improvements also create jobs and economic growth,” Corker said. “I thank the Department of Commerce for supporting economic development in Tennessee, and I will continue working with my colleagues in the Tennessee delegation to promote job creation policies.” “This funding is an important infrastructure investment for East Tennessee that will affect the local economy and promote job creation,” said Congressman Duncan. “I am pleased that the Department of Commerce has recognized the economic benefit that this grant will have on the continued prosperity and growth of our communities.” EDA provides Public Works investments to help communities and regions revitalize, expand, and upgrade their physical infrastructure to attract new industry, encourage business expansion, diversify local economies, and generate or retain long-term private sector jobs and investment. ###