Newberry receiving $1M grant for water tank.

The city of Newberry will receive a $1 million Santee Cooper Municipal Site Readiness Grant to help fund the construction of a 3.5 million-gallon water tank.

The grant is aimed at benefiting specific improvements to city infrastructure, according to a Santee Cooper news release.

The new water tank, with an estimated total cost of $2,651,000, will be owned and maintained by the city's water system. Newberry has also secured a $500,000 grant from the state Rural Infrastructure Authority Fund. The balance of the project will be financed with 2015 revenue bonds, according to the release.

"This grant will assist Newberry in meeting our number one goal in our strategic plan: to strengthen business retention, recruitment and expansion," Newberry City Manager Matt DeWitt said. "This creates an environment for sustainable economic development and growth that benefits the...