Tennessee awarded more than $18 million to 20 business in the first round of its Tennessee Forestry, Agriculture and Rural Markets cost share program.
The program was designed to support Tennessee businesses in the agriculture and forestry supply chain. The grants are administered by the Tennessee Department of Agriculture and were chosen from 259 applications that requested $107 million in funding.
The funds were approved by Tennessee’s Financial Stimulus Accountability Group.
Applications were evaluated by a panel that scored the applicants based on the impact the funding could have on the business and on Tennessee’s food and fiber supply chain along with the panel’s evaluation of the financial readiness of the business to complete to project and be successful moving forward.
