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Tennessee Officials Announce New Agribusiness Grant

Lukasz Stefanski/123rf Stock Photo

Tennessee officials are offering a new grant to develop agribusiness in the state.

A state Department of Agriculture news release says the Agriculture Enterprise Fund will award grants to aid agricultural and food businesses, farmers, nonprofits, local governments and other entities in Tennessee, particularly rural counties. It will support new and expanding business ventures.

The incentive program aims to support a goal of eliminating distressed counties in Tennessee by 2025.

The grant is run by the Department of Agriculture and the Department of Economic and Community Development.

The grant will provide up to 25 percent of a project's total budget.

Prospective applicants can find more information on the Department of Agriculture's website.

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