$1.3M Fuel Growth Incentive Grant to Propel Business Forward – Business Today!

Bridgetown Natural Foods Secures $1.3M Incentive for $78.3M Tennessee Facility: Job Creation on the Rise?

Bridgetown Natural Foods is set to receive $1.3 million in incentives for its upcoming $78.3 million manufacturing and distribution facility in Lebanon, Tennessee. The project, which was not initially disclosed, has been awarded a FastTrack Job Training Assistance Grant. These grants, provided by the state, aim to support companies in expanding or relocating to Tennessee, ultimately boosting job creation and raising average wages in the area. However, some economists question the effectiveness of such financial incentives to private businesses, even as state and local governments continue to offer them.

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$1.3M Fuel Growth Incentive Grant to Propel Business Forward – Business Today!(PHOTO: getty images)

This grant follows previous incentive awards from the state, totaling $8.8 million in early March, alongside $2.8 million in FastTrack grants for the initial two months of 2023. Bridgetown, headquartered in Oregon, will establish its second facility outside of its home state in Wilson County. The company’s plans for the new facility include the annual production of nearly 100 million pounds of its all-natural, organic, and gluten-free snack brands. Despite debates surrounding the efficacy of financial incentives, Bridgetown’s expansion highlights the ongoing efforts to attract businesses and stimulate economic growth in Tennessee.

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