Delta Regional Authority Announces $1.9 Million Investment into Five Tennessee Projects

September 29, 2022

DRA’s investment will improve basic public infrastructure, business development, and job training to support economic development in communities across West Tennessee.

CLARKSDALE, MS – Delta Regional Authority (DRA) today announced a $1,900,376 investment that will boost economic development and improve the quality of life for West Tennessee communities and residents. The investment will be matched by $2.3 million. 

The five new investment projects will improve water and sewer systems, support business development, and support job training in communities across West Tennessee. These projects are expected to create or retain 624 jobs, train 21 individuals, and affect 900 families.

“The road to economic revitalization begins with strengthening a community’s infrastructure, supporting small businesses and developing a workforce to meet local industry needs,” said DRA Federal Co-Chairman Dr. Corey Wiggins. “Delta Regional Authority’s $1.9 million investment will help boost five projects in Tennessee communities to enable economic growth and preparing the region for a prosperous future.”

Funding for these projects is provided by the States’ Economic Development Assistance Program (SEDAP), which provides direct investment into community-based and regional projects to support basic public infrastructure, transportation infrastructure, workforce training and education, and small businesses development with an emphasis on entrepreneurship. DRA coordinates directly with the Office of the Governor for the State of Tennessee and local development districts in the state for program funding implementation.

Tennessee: FY 2022 Investment Snapshot 

  • Number of Projects: 5
  • DRA Investment: $1,900,376
  • Total Project Investment: $4,296,215
  • Jobs Created: 240
  • Jobs Retained: 384
  • Individuals Trained: 21
  • Families Affected: 900

The following projects were funded by SEDAP:

  1. Rives Flood Mitigation Phase II | Rives, TN: The Town of Rives will use DRA funds to improve existing flood mitigation measures.
    • DRA Investment: $422,235
    • Total Investment: $422,235
  2. Scotts Hill Water System SCADA Improvement | Scotts Hill, TN: The Town of Scotts Hill will use DRA funds to replace the Bath Springs water systems controls with reliable equipment including radio telemetry with Supervisory Control and Data Acquisition (SCADA) capabilities. This investment is projected to affect 900 families.
    • DRA Investment: $509,578
    • Total Investment: $536,417
  3. 38126 Innovation and Technology Center | Memphis, TN: The South Memphis Renewal Community Development Corporation will use DRA funds to build a commercial/retail construction project that will bring innovation and technology to an underserved community needing jobs and revitalization. This investment is projected to create 30 jobs and train 11 individuals.
    • DRA Investment: $390,000
    • Total Investment: $2,040,000
  4. KUDZUKIAN Media Group Downtown Memphis Office | Memphis, TN: The Kudzukian Media Group will use DRA funds to open an office in Downtown Memphis which will better serve current clients and provide greater access to the Memphis business and government/municipal community. This investment is projected to create 10 jobs, retain 4 jobs, and train 10 individuals.
    • DRA Investment: $500,000
    • Total Investment: $625,000
  5. Tri-Star Angel and Entrepreneur Training Program | Nashville, TN: The Tennessee Department of Economic and Community Development will use DRA funds to recruit and train high net-worth individuals, non-accredited investors, and entrepreneurs on Angel Investing with emphasis on underserved and underrepresented individuals.
    • DRA Investment: $78,563
    • Total Investment: $672,563

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About the Delta Regional Authority

The Delta Regional Authority (DRA) is a federal-state partnership created by Congress in 2000 to promote and encourage the economic development of the lower Mississippi River Delta region and Alabama Black Belt.  DRA invests in projects supporting transportation infrastructure, basic public infrastructure, workforce training, and business development.  DRA’s mission is to help create jobs, build communities, and improve the lives of those who reside in the 252 counties and parishes of the eight-state region.

DRA Media Contact:
Shawna Blair
202-515-1354
sblair@dra.gov