As the lead partner in Tennessee, Tennessee Economic and Development Commission and the University of Tennessee System invites all interested community and economic development leaders, local elected officials, developers, and business owners to learn about the opportunity to obtain technical assistance for important development projects to move your community forward.
When: Tuesday, February 22 from 2:00-3:00 PM (EST)
Opportunity Appalachia will provide targeted support for downtown and rural development projects to build entrepreneurial communities where local businesses can thrive, creating quality jobs for residents, helping to address the Covid downturn, and revitalizing local economies. The $2.25 million in funding for technical assistance will support more than 40 projects that are anticipated to create 3,000 jobs and bring $400 million of new investment into Central Appalachian communities. The expanded program targets Appalachian communities in five states: Tennessee, North Carolina, Ohio, Virginia, and West Virginia.Selected communities will each access $30,000 - $75,000 in technical assistance to support their proposed development projects, to include (but not limited to):Development of investment prospectus, preparation of pro forma financial projections, structuring of project financing,Market research, demand assessment,Architectural and engineering,Business plan preparation, operations planning,Identification of project developers, andInvestor outreach.
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