Nashville, TN – According to the state officials, the program reportedly supports Governor Lee’s and TDA’s priorities for rural counties.
State officials also announced that the grants are awarded to starting or expanding businesses in Tennessee that demonstrate a strong potential for impact on local farm income, access to markets, increased capacity, or agricultural innovation.
The application for the AEF program can be found here and the deadline to apply is July 10, 2023.
Businesses must include proof of financing and a business plan with their application for it to be considered.
In total, the Agricultural Enterprise Fund has awarded more than $8.4 million in funding to Tennessee businesses, leading to more than $122 million in private investments from agriculture and forest-product business development since the program’s launch in 2017.
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