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Inward Investment Guides

Top States for Doing Business 2014: Georgia Unseats Texas, Industrial Midwest Rises

Dale D. Buss, Staff Editor,  (Q3 2014)
The list continues to be dominated by states in the South and mid-South as states from the industrial Midwest scratch their way back into position as major players in U.S. economic-development. More

Building Agility into the Supply Chain

Will O’Shea, Chief Sales and Marketing Officer, XPO Last Mile (Q3 2014)
With delivery speed now a competitive differentiator, companies must ensure they have a “shippable” delivery on hand. More

STEM Talent Needed to Employ Additive Manufacturing Technologies and Advance Innovation

Geraldine Gambale, Editor, Area Development Magazine (Q3 2014)
According to a PwC study, additive manufacturing or 3DP is becoming mainstream; it has the potential to add to the nation’s global competitiveness, but challenges — including finding those with the skills to employ these new technologies — must also be addressed. More

The Changing Geography of the American Auto Industry

Dennis Cuneo, Managing Partner , Fisher & Phillips (Advanced Industries 2014)
Where is auto production currently concentrated, and where will the industry expand in the future? More

Advanced Manufacturers Utilize Incentives to Improve Financial Performance

Gregory Burkart, Managing Director and Practice Leader, Site Selection & Business Incentive Advisory Services, Duff & Phelps, LLC (Advanced Industries 2014)
Incentives have moved from the fringes of a project to being a part of the competitiveness equation in bringing manufacturers back to the U.S. More

Leading Locations for 2014: The "Recession-Busting" MSA's

Dale D. Buss, Staff Editor,  (Q2 2014)
A look at how three MSAs ranked in the top 15 of the “Recession-Busting” category in Area Development's 2014 Leading Metro Locations report are arising from the difficulties of the Great Recession and putting themselves on new growth arcs. More

Leading Locations for 2014 Commentary: Much Depends on Company’s Industry & Life Cycle

Eric Stavriotis, Senior Vice President, CBRE, Inc. (Q2 2014)
A quick review of the 2014 Leading Locations research confirms what we have been seeing from our clients and the markets overall: Companies with a preponderance of technology workers are thirsty for more talent, and the needs of these companies can vary significantly based on their industry and life cycle. More

Leading Locations for 2014: U.S. Metros Ranked for Economic and Job Growth

Dale D. Buss, Staff Editor,  (Q2 2014)
Area Development analyzes economic and workforce data for 379 MSAs, producing a snapshot of the cities across America that are poised to capitalize on the new potential for economic growth as the United States leaves the recession behind. A diversified economic base tops the most desirable traits. More

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%