Friday, January 14, 2011

New Intermodal Port in Rural Northwest Tennessee Draws Interest from Top Corporations

From Southern Business and Development: The port is projected to produce 1,700 permanent jobs and 234 part-time construction slots, and business revenues for the region are expected to increase $355 million a year due to its presence, according to BERC studies. The Northwest Tennessee Port Authority already has shepherded $33 million into the project - $5.6 million in local government investment, $5.5 million through various earlier federal sources, $500,000-plus in private funding, and $3 million in state support.