NASHVILLE – Six Tennessee businesses will now have the opportunity to grow and positively impact rural economies through grants provided by the Agriculture Enterprise Fund (AEF).
Today, Tennessee Agriculture Commissioner Jai Templeton and Economic and Community Development Commissioner Bob Rolfe joined local, state and business leaders in Greenback to announce the first recipients of funding through the new program. This first round of funding adds up to more than $400,000 of the $1 million set aside for the AEF.
A product of the Governor’s Rural Task Force, the AEF is an incentive program that supports Governor Haslam’s priority of job creation and economic development by facilitating agricultural development in Tennessee. It provides assistance to new and expanding Tennessee agriculture and food businesses, particularly in rural counties.
Successful grant recipients must demonstrate a strong potential for impact on local farm income, access to markets, increased capacity or agricultural innovation. Priority is given to businesses located in at-risk or distressed counties.
AEF grant recipients and projects announced today include
• Light Hill Meats in Lynnville to expand their meat processing facility
You will find more information about the Tennessee Agriculture Enterprise Fund at www.tn.gov/agriculture, or by emailing Laura Vaught at firstname.lastname@example.org.