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Tennessee Resources Page
Inward Investment Guides

Location Notebook: Tennessee - Innovations to Meet Workforce Needs

Steve Stackhouse-Kaelble (Q1 2016)
Tennessee is actively addressing the challenge of providing companies expanding and locating in the state with a skilled workforce. More

Beyond Silicon Valley: Promising New Tech Boomtowns

Steffen Kammerer, Senior Vice President, Technology Practice Group, JLL (Q1 2016)
In its quest for lower costs, modern facilities, and access to talent, the booming tech sector is finding it can strike gold outside California. More

U.S. Legislative, Incentives, & Economic Development Policies Update

Jason Hickey, President, Hickey & Associates, LLC (Q1 2016)
Growing companies need to be aware of the many changes states are making to their incentives policies. More

High – Speed Network Locations

Dale D. Buss, Staff Editor, Area Development (Directory 2016)
Cities across the nation are installing high-speed fiber-optic networks for their own institutional purposes, with the added benefit of attracting growing companies. More

Regional Report: Manufacturing Leads the Way in the South

Mark Crawford (Directory 2016)
With strong automotive and aerospace sectors, as well as highly developed workforce training programs, the South continues to attract business investment. More

Location Notebook: Jackson, Tennessee, Takes a Regional Economic Development Approach

Cynthia Kincaid , Kincaid Strategic Partners (Directory 2016)
The nine-county Jackson, Tennessee, region is focusing on its key infrastructure strengths as well as educational assets, while meeting challenges head-on, in order to continue to attract targeted industries. More

Location Notebook: Well-Connected Tennessee Innovating to Distribute Success

Steve Stackhouse-Kaelble (Q4 2015)
Tennessee ranks highly for its certified sites program as well as its transportation infrastructure, and the state is employing innovative strategies to address educational and other challenges. More

Georgia Once Again Leads the 2015 Top States for Doing Business

Mark Crawford (Q3 2015)
An attractive business environment, quality labor pool, and well developed infrastructure are among the shared advantages of those states ranked by the location consultants as the top choices for business. More

TENNESSEE at a glance

POPULATION: 6,495,978 (2013) - US Census Bureau (2013)

LABOR FORCE: 3,070,456 (2013) - BLS Annual 2013 Seasonally Adjusted

RIGHT TO WORK: Yes

KEY SECTORS: Aerospace & defense; automotive; chemicals , plastics &rubber; transportation, distribution, & logistics; energy technology; food and agribusiness; healthcare and medical devices; business services (HQs, R&D, datacenters, call centers); manufacturing; and entertainment and media

COLLEGE GRADUATES: (Age 25 and over) 24.8% (2013) - US Census Bureau ACS 1 Yr 2013

BASIC BUSINESS TAXES:
Sales and Use Tax: 7 percent state (food 5 percent) and 1.5–2.75 percent local

Property Tax: Local only; 2013 median rate per $100 of assessed value for counties was $2.31 - TN Comptroller of the Treasury

Excise Tax: 6.5 percent of Tennessee taxable income

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

FastTrack Job Training Assistance Program

FastTrack Economic Development Fund

Job Tax Credit

Enhanced Job Tax Credit

Industrial Machinery Tax Credit

Sales and Use Tax Exemptions

Export Assistance

Applicant Recruitment and Screening (Tennessee Department of Labor)

State Industrial Access Program (Tennessee Department of Transportation)

Principal Manufacturing industries

  • Transportation Equipment
    20.7%
  • Fabricated Metals
    11.0%
  • Food Products
    10.4%
  • Machinery
    8.7%
  • Chemicals
    8.1%
  • Rubber & Plastic Products
    6.5%
  • Other Manufacturing Industries
    34.6%
Source: EMSI