Tennessee Resources Page
Inward Investment Guides

Market Report: Healthcare Industry Tries to Drive Down Costs

Jim Romeo (April 2012)
Locating near major carrier hubs will allow diagnostic providers faster turnaround times. More

Tennessee Basic Business Taxes 2012

Area Development Online Research Desk (2012)
Tennessee's economic development, finance, and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include franchise taxes and industrial machinery tax credits. More

Tennessee Direct Financial Incentives 2012

Area Development Online Research Desk (2012)
Tennessee's economic development, finance, and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include the Fast Track Infrastructure Development Program and private activity bonds. More

2012 Industrial Real Estate Market Outlook: Occupy Big Box

Craig Meyer, Executive Managing Director and leader of Jones Lang LaSalle’s Logistics and Industrial Services group, Jones Lang LaSalle (2012 Directory)
There was a modest recovery in demand for industrial real estate in 2011, with demand for “big box” space dominating the market. More

Why “Made in America” Makes Good Business Sense

Richard H. Thompson, Executive Vice President and Head of North American Supply Chain & Logistics Solutions, Jones Lang Lasalle (Location USA 2012)
Other countries can offer lower labor costs and less regulation, but the U.S. is still the number one place to make sophisticated, high-cost goods. More

First Person: The Site Selection Process Behind VW's First U.S. Manufacturing Facility

Dr. Christof Spathelf, Head of Group Manufacturing Overseas, Volkswagen AG (November 2011)
In May 2011, Volkswagen officially opened its first U.S. manufacturing facility in Chattanooga, TN, creating 2,000 jobs and projected to have an $18 billion economic impact on the region. We discussed the site selection process with the Head of Overseas Group Manufacturing at Volkswagen, Dr. Christof Spathelf. More

The U.S. Auto Industry is Jumpstarting the Manufacturing Sector

Lisa A. Bastian (November 2011)
With more competitive labor agreements, automakers are building more in the United States, retooling and refurbishing existing plants, and backshoring operations. More

2011 Top States For Doing Business Survey Results

Area Development Magazine Special Presentation (Fall 2011)
For the second year in a row, Area Development has conducted a survey of a select group of highly respected location consultants who work with a nationwide client base. We asked the consultants to name their top-5 state choices in 12 site selection categories. More
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Studies/Research

tennessee at a glance

POPULATION: 6,346,105 (2010)

LABOR FORCE: 3,056,700 (2010)

RIGHT TO WORK: Yes

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

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) 23.1% (2010)

BASIC BUSINESS TAXES:
Sales and Use Tax: 7 percent state (food 5.5 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 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

Headquarters Relocation Credit

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

Integrated Supplier and Integrated Customer Tax Credit

Tennessee Job Skills

Principal Manufacturing industries

  • Transportation Equipment
    13.9%
  • Fabricated Metals
    11.1%
  • Food Products
    10.9%
  • Machinery
    8.8%
  • Chemicals
    8.4%
  • Rubber & Plastic Products
    6.9%
  • Other Manufacturing Industries
    40.0%