Economic Development Futures Journal

Friday, April 14, 2006

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Tennessee's FastTrack Infrastructure Program

The FastTrack Infrastructure Development Program(FIDP) funds may be used for infrastructure improvements. Funds may not be used for "speculative" projects but are restricted to situations where there is a commitment by certain private sector businesses to locate or expand in the state and to create or retain jobs for Tennesseans.

Activities funded under the program will be limited to those services normally provided by local governments and their implementing agencies to businesses which are locating, expanding, or operating in Tennessee. FIDP funding is provided for, but not limited to, the following activities:

-Water Systems - source development, intake structures, treatment plants, storage tanks, transmission lines, and other improvements normally associated with the provision of public water service.

-Wastewater Systems - collector lines, treatment plants, and other improvements normally associated with the provision of public wastewater service.

-Transportation Systems - access roads, rail sidings, port facilities, airport improvements, and other improvements normally associated with the provision of public transportation service.

-Site improvements - limited to extraordinary situations where physical conditions of the site must be altered before construction can occur, site improvements will normally not involve improvements to land owned or to be purchased by the company.

-Other improvements to physical infrastructure may be eligible if it can be demonstrated that the improvements are required for the location or expansion of private business. No infrastructure improvements, however, will be allowed on land owned or to be purchased by the company.

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