TNECD ANNOUNCES 30 RECIPIENTS OF RETAIL ACADEMY GRANT
POSTED BY: CARLY SCHROER
Grants to help communities strengthen retail landscape
NASHVILLE – The Tennessee Department of Economic and Community Development today announced the 30 recipients of the Retail Academy Grant. The grant is designed to provide funding to communities to participate in two retail training programs.
“I want to congratulate the 30 recipients of the Retail Academy Grant,” TNECD Commissioner Bob Rolfe said. “With the assistance of these grants and the Retail Academy program, communities across the state will be taking the steps to improve their retail landscape, which will in turn promote economic growth.”
The Retail Academy Grant fully funds participation in the Retail Academy program in September of 2018. The goal is to provide cities and towns with the resources and education necessary to grow their retail, which will lead to higher sales tax and property tax collections for the communities. The Retail Academy, developed by leading national retail advisory firm Retail Strategies, educates communities on best practices to attract new retailers while providing resources to support and grow existing local businesses.
“We are excited to expand what has already been a successful program that equips communities with resources to grow existing businesses and attract new retail opportunities,” Assistant Commissioner of Community and Rural Development Amy New said. “With these tools, communities can tailor retail recruitment to meet local needs by creating jobs, strengthening the local economy and broadening the local tax base.”
Retail Academy is continuing to receive applications and sponsor requests. If you are interested in participating, even if you are not located in the state of Tennessee, please reach out to Madeline Branch.