Economic Development Grant Proposal for Tellico West Industrial Park

Monroe County, Tennessee

In April of 2020, the Tennessee Valley Authority (TVA) completed an environmental assessment (EA) and issued a Finding of No Significant Impact (FONSI) for a proposed economic development grant through TVA InvestPrep funds to the Tellico Reservoir Development Agency (TRDA) to assist with the development of the Tellico West Industrial Park. In the April 2020 assessment, TVA analyzed the impacts of using TVA funding for due diligence studies (Phase I Environmental Site Assessment [ESA] and boundary survey), tree clearing, site grading including the construction of a 200,000 square foot pad, and construction of a stormwater detention basin and gravel access road on an approximately 39.4-acre area that is located east of SR 72 and north of Old Slag Road of the Tellico West Industrial Park.

In March 2021, the TVA completed an EA and issued a FONSI for a proposed economic development grant through TVA InvestPrep funds to the TRDA to assist with the development of the Tellico West Industrial Park. In the March 2021 assessment, TVA funds would be used to assist with tree clearing, construction of a stormwater detention pond, and site grading of a 125,000 square foot building pad, dirt access road, and dirt parking areas between State Road (SR) 72, Excellence Way, and Deer Crossing in Vonore, Monroe County, Tennessee.