The community of Dyersburg was the recipient of the largest Site Development Grant ever awarded, at $5 million, for the purpose of building a speculative industrial building. It was also the only community awarded a grant for the construction of a spec building.
The application proposed the construction of a 100,000 sq. ft. shell, to be constructed in the Commerce Industrial Park on a 200,000 sq. ft. pad located in our 67-acre Select TN Certified Site. The $5 million grant was matched with $1 million of local contributions from our economic development allies – the City of Dyersburg at $300,000, Dyer County at $300,000, Dyersburg Electric System at $200,000, and the Industrial Development Board of Dyer County at $200,000.
Construction of the spec building is well underway, and they appreciate the Tennessee Department of Economic and Community Development (TNECD) for this grant that will greatly enhance economic opportunities for our community and improve our quality of life in Dyersburg!