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Tennessee Resources Page
Inward Investment Guides

Tennessee Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Tennesse's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Public Power Communities: Future-Focused

Steve Stackhouse-Kaelble (Q1 2014)
America’s public power communities are places where local governments and other public entities have taken charge to deliver services their communities need to prosper. More

The Southland Delivers a Solid Economic Performance

Mark Crawford (Q1 2014)
The southern states have embraced the transition from traditional to knowledge-based economies and work hard to attract new projects and the high-paying jobs that come with them. More

Regional Report: Beyond Automotive, the South Revs Up Growth Across Diverse Industries

Beth Mattson-Teig (Directory 2014)
A highly skilled work force and good transportation infrastructure are also drawing aerospace and other high-tech companies. More

Critical Location Decision Factor #3: Workers Who Have the “Right Stuff”

Mark Crawford (Q4 / Fall 2013)
Having a pool of highly skilled workers can tip the balance in a location’s favor. This is the Eighth in a series of articles examining the top-10 site selection factors as decided by the respondents to AD's Q1 Corporate Executive Survey. More

Mega Sites Lure Big Fish

Beth Mattson-Teig (Q3 / Summer 2013)
Economic development organizations are hoping to hit a home run in attracting super-sized projects. But in order to play in the big leagues, they need to have the “mega sites” ready and waiting for those opportunities. More

How Certified Sites Can Expedite the Site Selection Process for Expanding Companies

Beth Mattson-Teig (Q3 / Summer 2013)
In a race to gain an edge on competing locations, more and more communities are pre-qualifying properties with readiness assessments designed to certify that a site is ready for development, saving time and money for the end user. More

Top States for Doing Business 2013: Site Consultant Survey Results

Area Development Magazine Special Presentation (Q3 / Summer 2013)
Our Top States for Doing Business Survey polls the site consultants who help companies make their new facility and expansion decisions, and ranks the states based on their number of mentions in 17 categories. More
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Studies/Research
News Items
 
Around The Web
 
Studies/Research

TENNESSEE at a glance

POPULATION: 6,403,353 (2011)

LABOR FORCE: 3,132,700 (2011)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES: Chemicals, printing and publishing, machinery, insurance, tourism, agriculture, food products

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) 23.6% (2011)

BASIC BUSINESS TAXES:
Sales and Use Tax: 7 percent state (food 5.25 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 per $100 value 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

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

Tennessee Job Skills

Principal Manufacturing industries

  • Transportation Equipment
    14.9%
  • Fabricated Metals
    11.1%
  • Food Products
    10.8%
  • Machinery
    8.3%
  • Chemicals
    8.1%
  • Rubber & Plastic Products
    6.7%
  • Other Manufacturing Industries
    40.0%