POPULATION: 5,900,962 (2004)
LABOR FORCE: 2,907,800 (2004)
RIGHT TO WORK: Yes
TRADITIONAL INDUSTRIES: Chemicals, printing and publishing, machinery, insurance, tourism, agriculture
EXPANDING INDUSTRIES: High tech, biotech, automotive, fabricated metals, distribution, headquarters
COLLEGE GRADUATES: (Age 25 and over) 22.2% (2004)
BASIC BUSINESS TAXES:
Sales and Use Tax: 7 percent state (food 6 percent) and 1.75 percent to 2.75 percent local
Property Tax: Local only; 2004 median rate per $100 of assessed value for counties was $2.44
Excise Tax: 6.5 percent of net earnings of corporations
Franchise Tax: $0.25 per $100 of capital investment
BUSINESS INCENTIVES:
FastTrack Infrastructure Development Program (FIDP)
Community Development Block Grants
FastTrack Job Training Assistance Program
Private Activity Bonds
Jobs Tax Credit
Corporate Headquarters Tax Credit
TVA Economic Development Loan Fund
TVA Special Opportunities Counties Program
TVA Minority Business Development Loan Fund
Telecommunications Assistance Program
Tennessee Small Business Energy Loan Program
Industrial Highway Access
ARC Grants
Tennessee Child-Care Facilities Program
DRA Grants