TN: TNECD Announces Three Counties to Participate in Property Evaluation Program

The Tennessee Department of Economic and Community Development (TNECD) announced today the three counties selected to participate in the latest round of the Select Tennessee Property Evaluation Program (PEP).

The counties are Sequatchie, Tipton and Tier 4, Distressed Cocke.  

PEP evaluates potential industrial properties, advising counties on industrial site improvements and where investments may be most beneficial. Since its inception in 2015, PEP has helped improve the inventory of industrial sites and buildings across the state, with 467 sites being reviewed.

“Having a shovel-ready site can be the differentiating factor in a company deciding to locate or expand in Tennessee, and we are dedicated to assisting all 95 counties in further developing their sites for future investment and job creation,” said TNECD Commissioner Stuart C. McWhorter. “It is clear through today’s announcement that the leaders across Sequatchie, Tipton and Cocke Counties are taking the necessary steps to set their communities up for future economic success, and we applaud their diligent efforts.”

The program originates from TNECD’s Select Tennessee Certified Site Program. With assistance from site selection firm Austin Consulting, PEP provides participating counties guidance on site planning for future industrial development projects.

PEP includes an on-site visit by Austin Consulting and TNECD, an educational webinar on the site selection process and a comprehensive assessment of the strengths and needs of each community’s inventory of industrial sites. This assessment also offers recommendations to improve marketability.

“The Property Evaluation Program will help these counties identify the best sites for future industrial growth,” said Jonathan Gemmen, Senior Director of Austin Consulting. “By planning five, 10 and 20 years ahead, these communities can make informed decisions that will drive long-term economic success.”

These counties were selected based on the demonstrated local need for industrial properties and the county’s ability to assemble properties with viable market potential. The application process begins with a submission of a letter of intent, which is accepted at any time. Upon receipt of the letter, interested communities will receive the PEP application. A new round of communities will be accepted into the program in the with letters of intent due by July 10, 2025.