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