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)
