POPULATION: 6,346,105 (2010)
LABOR FORCE: 3,056,700 (2010)
RIGHT TO WORK: Yes
TRADITIONAL INDUSTRIES: Chemicals, printing and publishing,
machinery, insurance, tourism,
agriculture
EXPANDING INDUSTRIES: Advanced manufacturing and energy
technologies; automotive; business
services; chemicals and plastics;
healthcare; transportation, logistics,
and distribution services
COLLEGE GRADUATES: (Age 25 and over) 23.1% (2010)
BASIC BUSINESS TAXES:
Sales and Use Tax: 7 percent state
(food 5.5 percent) and 1.5–2.75
percent local
Property Tax: Local only; 2010
median rate per $100 of assessed
value for counties was $2.26
Excise Tax: 6.5 percent of net earnings
of the company derived from
doing business in Tennessee
Franchise Tax: $0.25 of the greater
of net worth or real and tangible
property in Tennessee
BUSINESS INCENTIVES
FastTrack Infrastructure
Development Program (FIDP)
Community Development Block
Grants
FastTrack Job Training Assistance
Program
Headquarters Relocation Credit
Industrial Machinery Credit
Private activity bonds
Jobs Tax Credit & Super Credit
Corporate Headquarters Tax Credit
TVA Economic Development
Loan Fund
TVA Minority Business
Development Loan Fund
State Industrial Access Program
(industrial highway access)
Appalachian Regional Commission
(ARC) grants
Delta Regional Authority (DRA)
grants
TVA Valley Investment Initiative
Rural Opportunity Fund
Energy Efficiency Loan Fund
Data Center Tax Credit
Integrated Supplier and Integrated
Customer Tax Credit
Tennessee Job Skills
