This EDA investment supports the city of loretto with expanding its sewer system to newly acquired industrial property, to provide additional space for local companies to increase their operations…

The U.S. Department of Commerce Economic Development Administration (EDA) awarded a $1,179,810 project grant to the Industrial Development Board of the City of Loretto, Tennessee on June 7, 2022 through the Economic Adjustment Assistance (EAA) program. The grant will support the City of Loretto in expanding its sewer system to newly acquired industrial property to provide additional space for local companies to increase operations and help the region recover from impacts of the COVID-19 pandemic. Specifically, the project will meet accommodation needs of several local businesses now that restrictions have lifted, assisting them to reopen and resolve issues meeting demand for goods and services. Once completed, the project is expected to provide existing businesses in Loretto an opportunity to create additional jobs, retain current positions, and strengthen the local economy impacted by declines in the coal industry.

This EDA investment supports the city of loretto with expanding its sewer system to newly acquired industrial property, to provide additional space for local companies to increase their operations in lawrence county, tennessee. The project will help the region recover from the impacts of the covid-19 pandemic, by meeting the accommodation needs of several local businesses now that restrictions on businesses have lifted in the area. The project will assist many businesses with reopening and help resolve issues with meeting the demand for their goods and services. Once completed, the project will provide existing businesses in loretto an opportunity to create additional jobs, retain current positions, and strengthen the local economy, which has been impacted by the decline in the coal industry.