Tennessee Gov. Bredesen fighting for rural growth

Gov. Phil Bredesen will unveil this week a new effort to spur business growth in rural areas, including a venture loan fund to help expand businesses with potential for growth and creating new jobs.

The governor wants to expand economic growth occurring in Tennessee’s metropolitan areas to rural counties that are economically distressed. He said this year’s big increase in corporate tax revenue primarily occurred in 12 urban and suburban counties, which "underlines for me how disparate the economic development is: how much it’s hitting the big counties and ring counties and how little of it is getting out in the rural areas."

By Richard Locker

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