NEWS ITEMS
AROUND THE WEB
NEWS ITEMS
AROUND THE WEB
Topics
Exclusive Content
Industry Reports
Related Sites
Newsletters
Enter your email address:
Tennessee
Resources Page
2009 Gold & Silver Shovel AwardsArea Development’s annual Gold and Silver Shovel Awards recognize states for their achievements in attracting high-value investment projects that will create a significant number of new jobs in their communities. More |
||
The Case for Infrastructure InvestmentOfficials in many U.S. locations are beginning to see the financial rewards of long-term investment in infrastructure — including attracting new business and potentially improving the national economy. More |
||
Corporate Headquarters and Advanced Manufacturing Lead Tennessee’s Development“Tennessee is fortunate to have such diversity in our economy and the institutions of learning that support the economy,” says Matthew Kisber, commissioner of the Tennessee Department of Economic and Community Development. More |
||
Are Southern States Better Positioned for Technology Projects?A skilled, available work force, a favorable cost environment, the necessary infrastructure, and generous financial support have created a near-perfect environment for technology companies to thrive in the South. More |
||
State Contacts
|
|
Tennessee
At A Glance
POPULATION:
6,156,719 (2007)
Sales and Use Tax: 7 percent state (food 6 percent) and 1.50 percent to 2.75 percent local
FastTrack Infrastructure Development Program (FIDP)
Community development block grants
FastTrack Job Training Assistance Program
Private activity bonds
Jobs Tax Credit
Corporate Headquarters Tax Credit
TVA Economic Development Loan Fund
TVA Special Opportunities Counties Program
TVA Minority Business Development Loan Fund
Telecommunications Assistance Program
Tennessee Small Business Energy Loan Program
Industrial highway access
ARC Grants
Tennessee Child-Care Facilities Program
DRA Grants
LABOR FORCE: 3,036,700 (2007)
RIGHT TO WORK: YesTRADITIONAL INDUSTRIES: Chemicals, printing and publishing, machinery, insurance, tourism, agriculture
EXPANDING INDUSTRIES: High tech, biotech, automotive, fabricated metals, distribution, headquartersCOLLEGE GRADUATES: (Age 25 and over) 21.7% (2006)
BASIC BUSINESS TAXES:Sales and Use Tax: 7 percent state (food 6 percent) and 1.50 percent to 2.75 percent local
Property Tax: Local only; 2007 median rate per $100 of assessed value for counties was $2.33
Excise Tax: 6.5 percent of net earnings of corporationsFranchise Tax: $0.25 per $100 of capital investment
BUSINESS INCENTIVES:FastTrack Infrastructure Development Program (FIDP)
Community development block grants
FastTrack Job Training Assistance Program
Private activity bonds
Jobs Tax Credit
Corporate Headquarters Tax Credit
TVA Economic Development Loan Fund
TVA Special Opportunities Counties Program
TVA Minority Business Development Loan Fund
Telecommunications Assistance Program
Tennessee Small Business Energy Loan Program
Industrial highway access
ARC Grants
Tennessee Child-Care Facilities Program
DRA Grants
SPONSOR PROFILES:
