USDA presents $15,000 grant to Retire Tennessee program

USDA presents $15,000 grant to Retire Tennessee program

Posted: Friday, July 23, 2010 11:59 am
By: NASHVILLE

Nasvhille – Tennessee Department of Economic and Community Development Commissioner Matt Kisber Tuesday accepted a $15,000 business grant on behalf of the Retire Tennessee program from Bobby Goode, state director for the United States Department of Agriculture Rural Development.
The grant will be used to advertise and promote Tennessee nationally as an attractive location for retirees and to support continuing education opportunities for Retire Tennessee communities. “Retiree recruitment is a key component of many communities’ economic development strategies,” said Kisber. “I am grateful that USDA Rural Development recognizes our efforts to attract this population, and I look forward to the enhancement and national exposure that Retire Tennessee will gain as a result of this grant.”
In addition to providing advertising and promotional materials for the program, the grant will allow those Retire Tennessee communities located in rural areas of the state to have representation at the American Association of Retirement Communities’ (AARC) annual conference. The conference provides education on utilizing retiree recruitment efforts as an overall part of a state’s economic development strategy.
“Retirees bring a lot to the communities where they settle. They buy homes, pay taxes and increase the demand for many goods and services, which in turn creates good jobs,” said Goode. “Just as valuable, they also bring with them a wealth of knowledge and experience, resources that money can’t buy.”
USDA Rural Development and Retire Tennessee both recognize the impact retiree immigration can have on a market. There is great potential for the growth of industries such as housing, entertainment, banking, health services and food services as this population continues to grow. Tennessee is one of just four states that have a formal program of work to recruit this niche population. Nine of the 11 existing Retire Tennessee communities will receive funding from the grant. These communities are: Cumberland, Greene, Hardin, Henry, Jefferson, Lincoln, Loudon, Putnam and Robertson counties.
For more information on the Retire Tennessee program, please visit RetireTennessee.org, or contact Ramay Winchester at (731) 423-5771 or ramay.w.winchester@tn.gov.
About the Tennessee Department of Economic and Community
Development
The Tennessee Department of Economic and Community Development’s mission is to create higher skilled, better paying jobs for all Tennesseans.
The department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. To find out more, go to www.tn.gov/ecd or www.investtennessee.org.
About USDA Rural
Development
USDA Rural Developmentinvests in jobs, businesses, community infrastructure, homeownership and affordable rental housing in rural communities.
Last year Rural Development assisted more than 864,000 Tennessee families and businesses with more than $655 million in financial assistance through affordable loans, loan guarantees and grants. For more information on Rural Development programs available in Tennessee call toll free 1-800-342-3149, or online at www.rurdev.usda.gov/tn.
Published in The WCP 7.22.10

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