Economic Development Grant for the Improvement of a Dilapidated Industrial Park – Unicoi County, Tenn.

On May 5, 2017, TVA completed an environmental assessment and issued a finding of no significant impact for a proposal to provide financial assistance to the Unicoi County Economic Development Board (UCEDB) for the improvement of a dilapidated industrial park, the site of the former Morgan Insulation facility, in Unicoi County, Tennessee. UCEDB’s purpose is to enhance the marketability and facilitate the development of the industrial property. This includes the removal of damaged buildings and associated foundations, properly disposing of all solid and hazardous waste, backfilling and reseeding the cleared areas as appropriate, and repair site signage.

An integral part of TVA’s mission is to promote the economic development of the TVA service area. TVA provides financial assistance to help bring to market new improved sites and facilities within the TVA service area and position communities to compete successfully for new jobs. While future prospects for the site are not known at this time, the primary purpose of this project is to enhance the marketability and facilitate the development of the industrial property.