Eight Counties Chosen For Tennessee Property Evaluation Program

PEP improves the state’s inventory of industrial sites and buildings by evaluating potential properties, advising counties on where investment may be most beneficial and what is needed to address issues.


https://businessfacilities.com/2016/04/eight-counties-chosen-for-tennessee-property-evaluation-program/
PEP improves the state’s inventory of industrial sites and buildings by evaluating potential properties, advising counties on where investment may be most beneficial and what is needed to address issues.
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Eight Counties Chosen For Tennessee Property Evaluation Program

Eight Counties Chosen For Tennessee Property Evaluation Program

The Tennessee Department of Economic and Community Development (TNECD) has announced the counties chosen to participate in the Select Tennessee Property Evaluation Program (PEP) Spring Round. The counties selected are Fayette, Humphreys, Lawrence, Maury, Scott, Unicoi, Van Buren and White.

property evaluation
(Source: TNECD)

Launched in 2015, the purpose of PEP is to improve the inventory of industrial sites and buildings in Tennessee by evaluating potential properties, advising counties on where investment may be most beneficial and what is needed to address issues.

“We are excited to announce the eight counties that have been selected to participate in the PEP Spring Round,” said TNECD Commissioner Randy Boyd. “By assisting counties across the state in evaluating and improving their sites, we can make sure these communities will be better equipped to attract potential new business and create future economic growth.”

Based on the principles of the department’s Select Tennessee Site Certification Program and with the assistance of the site selection firm Austin Consulting, PEP will benefit counties by emphasizing the importance of and assisting with planning for future industrial development.

“This program will provide eight counties with the tools they need to make themselves more marketable to potential new business,” said TNECD Site Development Director Leanne Cox. “I look forward to working with all of the counties who have been selected to participate in the program, and I am excited to see them enhance our state’s efforts in recruiting and expanding businesses in Tennessee.”

“As Austin Consulting continues to assist in supporting TNECD with the Property Evaluation Program, our consulting group is impressed in the diversity of sites and communities located throughout the state,” said Austin Consulting Managing Director Frank Spano. “Austin continues to look forward to working with the state and each community to uncover the best potential properties to advance the program further for future industrial development projects.”

For counties selected to participate, the program includes an educational webinar on the site selection process, an on-site visit by Austin Consulting and a comprehensive assessment addressing each property’s strengths, weaknesses and recommended next steps to improve marketability.

Selection was based on demonstrated local need for industrial properties and also on the county’s ability to assemble viable properties with market potential.

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