Home » Site Seekers Guide » Tennessee Economic Development Directory

Tennessee Economic Development Directory


TN Statewide Economic Development Agencies

Tennessee Department of Economic & Community Development
Matt Kisber
Commissioner
312 Rosa Parks Boulevard, 11th Floor
Nashville, TN USA 37243
615-741-1888
matt.kisber@tn.gov
www.state.tn.us/ecd/
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

TN Utilities

Bristol Tennessee Essential Services
April L. Eads, CEcD
Business Development Manager
2470 Volunteer Parkway, P.O. Box 549
Bristol, TN USA 37621
423-793-5532
aeads@btes.net
www.btes.net
Tennessee Valley Authority Economic Development
John Bradley
Senior Vice President
P.O. Box 292409
Nashville, TN USA 37229-2409
615-232-6051
econdev@tva.com
www.tvaed.com

TN Regional Economic Development Agencies

West Tennessee Industrial Association
Mike Philpot, CEcD
Executive Director
26 Conrad Drive
Jackson, TN USA 38305
731-668-4300
mphilpot@wtia.org
www.wtia.org or www.dealready.com
Free, confidential economic development information is available about the West Tennessee region. WTIA has served this region for 53 years.
Clinch-Powell Rural Enterprise Community
Lindy Turner
Coordinator
P.O. Box 379
Rutledge, TN USA 37861
865-828-5927
lindy@clinchpowell.org
www.clinchpowell.net
East Tennessee Economic Development Agency
Allen Neel
President & CEO
10215 Technology Drive, Suite 202
Knoxville, TN USA 37932
865-777-3833
jkarp@eteda.org
www.eteda.org
Knoxville Chamber of Commerce
Doug Lawyer, CEcD
Vice President of Economic Development
17 Market Square, Suite 201
Knoxville, TN USA 37902-1405
865-637-4550
dlawyer@knoxvillechamber.com
www.knoxvillechamber.com
Knoxville Oak Ridge Innovation Valley
Doug Lawyer, CEcD
Vice President of Economic Development
17 Market Square, Suite 201
Knoxville, TN USA 37902
865-637-4550
dlawyer@knoxvillechamber.com
www.knoxvilleoakridge.com
Memphis Regional Chamber
Mark Herbison
Senior VP, Economic Development
22 North Front Street, 2nd Floor
Memphis, TN USA 38103
901-543-3500 or 901-543-3516
mherbison@memphischamber.com
www.memphischamber.com
Oak Ridge Economic Partnership
Kim K. Denton, CEcD
President
1400 Oak Ridge Turnpike
Oak Ridge, TN USA 37830
865-483-1321
denton@orcc.org
www.oakridgetn.org
Southwest Tennessee Development District
Joe Barker
Executive Director
27 Conrad Drive, Suite 150
Jackson, TN USA 38305
731-668-7112
jwbarker@swtdd.org
www.swtdd.org
The Chattanooga Area Chamber of Commerce
Steve Hiatt
Director of Existing Business Development
811 Broad Street
Chattanooga, TN USA 37402
423-763-4333
shiatt@chattanoogachamber.com
www.chattanooga-chamber.com

The Regional Alliance for Economic Development
W. Andrew Burke
President & CEO
P. O. Box 1119
Blountville, TN USA 37617
423-323-8102 202
aburke@alliancetnva.com
www.alliancetnva.com
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

TN County Economic Development Agencies

Blount County Economic Development Board
Bryan Daniels, CEcD, CCE, IOM
President & CEO
201 South Washington Street
Maryville, TN USA 37804
865-983-7715
bdaniels@blountindustry.com
www.blountindustry.com
The EDB works to attract national and international business to the area. The EDB recently opened Pellissippi Place, a research and development park, serving Innovation Valley on the Oak Ridge Corridor.
Dyersburg/Dyer County Chamber of Commerce
Allen Hester
President & CEO
2000 Commerce Avenue
Dyersburg, TN USA 38024
731-285-3433
ahester@dyerchamber.com
www.dyerchamber.com
A new 100,000 square foot industrial shell building with 30′ clear ceilings and interstate frontage for sale or lease in the Dyersburg Commerce Park. Visit www.dyerchamber.com or call 731-285-3433
Four Lake Regional Industrial Development Authority
Donna E. Arrington
Assistant Director
P.O. Box 464
Hartsville, TN 37074
615-374-4607
dafourlake@aol.com
www.fourlake.com
The 446-acre PowerCom Industrial Center, owned & operated by the Four Lake Authority, is certified as a Deal Ready site, located on State Highway 25 with Cumberland River access. PowerCom offers available warehousing a Business/Manufacturing Incubator and large acreage sites.
Johnson City/Jonesborough/Washington County Economic Development Board
P. C. Snapp
Executive Director
603 East Market Street, Suite 200
Johnson City, TN USA 37601-0200
423-975-2380
pcsnapp@jcedb.org
www.jcedb.org
A central location for distribution, a good business climate for manufacturing with incentives and an excellent work force for call centers. Contact us for more information and decide for yourself.
Joint Economic & Community Development Board of Wilson County
G.C. Hixson
Executive Director
115 North Castle Heights Avenue, Suite 102
Lebanon, TN USA 37087
615-443-1210
info@doingbiz.org
www.doingbiz.org
Wilson County is strategically located in the center of thriving Middle Tennessee with access to three interstates, rail and an international airport. Contact our office for additional information or assistance with locating your business in Wilson County.
Middle Tennessee Industrial Development Association
Bill W. Shuff
Executive Director
2108 Westwood Avenue
Nashville, TN 37212
615-269-5233
mtida@mtida.org
www.mtida.org
West Tennessee Industrial Association
Mike Philpot, CEcD
Executive Director
26 Conrad Drive
Jackson, TN 38305
732-668-4300
mphilpot@wtia.org
www.wtia.org
Clarksville/Montgomery County Economic Development Council
James Chavez
President & CEO
25 Jefferson Street, Suite 300
Clarksville, TN USA 37041
931-551-4313 256
jchavez@clarksville.tn.us
www.clarksville.tn.us
Forward Sumner Economic Council
Jimmy Johnston
Chief Operating Officer
P.O. Box 1071
Hendersonville, TN USA 37077-1071
615-822-7610
info@forwardsumner.org
www.forwardsumner.org
Greene County Partnership
Randy Harrell
President
115 Academy Street
Greeneville, TN USA 37743-5601
423-638-4111
rharrell@greenecop.com
www.greenecountypartnership.com
Maury Alliance
Elizabeth West
Director of Economic Development
106 West 6th Street, P.O. Box 1076
Columbia, TN USA 38402-1076
931-388-2155
ewest@mauryalliance.com
www.mauryalliance.com
McMinn County Economic Development Authority
Jack A. Hammontree, CEcD
Executive Vice President
P.O. Box 767
Athens, TN USA 37371
423-745-1506
mcminncoeda@mcminncoeda.org
www.mcminncoeda.org
McMinnville-Warren County Industrial Development Board
Jeff McCormick
Executive Director
110 South Court Square
Mcminnville, TN USA 37110
931-474-4769
jeff.mccormick@warrentnedb.com
www.warrentnedb.com
Pulaski-Giles County Economic Development Commission
Dan Speer
Executive Director
P.O. Box 633, 203 South First Street
Pulaski, TN USA 38478-0633
931-363-9138
dan@gilescountyedc.com
www.gilescountyedc.com
Rutherford County Chamber of Commerce
Holly E. Weber
Director, Economic Development
501 Memorial Boulevard
Murfreesboro, TN USA 37129
615-893-6565
hweber@rutherfordchamber.org
www.rutherfordchamber.org
Sullivan County Economic Development Commission
Richard S. Venable
CEO
P.O. Box 1157
Blountville, TN USA 37617
423-279-7681
rvenable@networkstn.com
www.networkstn.com
The Development Corporation of Knox County
Todd Napier
Executive Vice President
17 Market Square, Suite 201
Knoxville, TN USA 37902-1405
865-546-5887
tanapier@knoxdevelopment.org
www.knoxdevelopment.org
Williamson County Economic Development Council
Matt Largen
Director
1320 West Main, Suite 120
Franklin, TN USA 37064
615-261-2880
matt@williamsonprospers.com
www.williamsonprospers.com
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

TN City Economic Development Agencies

City of Bartlett Economic Development
Terry Emerick
Director
6400 Stage Road, P.O. Box 341148
Bartlett, TN USA 38184-1148
901-385-6417
temerick@cityofbartlett.org
www.cityofbartlett.org
City of Goodlettsville
Tom Tucker
Director, Economic & Community Development
105 South Main Street
Goodlettsville, TN USA 37072
615-857-2204
ttucker@cityofgoodlettsville.org
www.cityofgoodlettsville.org
City of Knoxville Community Development
Madeline Rogero
Director
City County Building, 400 Main Street
Knoxville, TN USA 37902-1405
865-215-2865
mrogero@cityofknoxville.org
www.cityofknoxville.org
Collierville Chamber of Commerce
Fran Persechini
President & CEO
485 Halle Park Drive
Collierville, TN USA 38017
901-853-1949
fpersechini@colliervillechamber.com
www.colliervillechamber.com
Memphis Urban Renewal Community
Virginia Wilson
Coordinator
City of Memphis, Office of Intergovernmental Relations, 125 North Main Street, Room 336
Memphis, TN USA 38103
901-576-6457
virginia.wilson@memphistn.gov
www.memphistn.gov/rc
Morristown Area Chamber of Commerce
C. Thomas Robinson, CCE, CEcD
President & CEO
P.O. Box 9
Morristown, TN USA 37815-0009
423-586-6382
industry@morristownchamber.com
www.morristownchamber.com
Nashville Area Chamber of Commerce
Janet Miller
Chief Economic Development & Marketing Officer
211 Commerce Street, Suite 100
Nashville, TN USA 37201
615-743-3024
info@nashvillechamber.com
www.nashvilleareainfo.com
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

Tennessee State Incentives

Through the FAST TRACK INFRASTRUCTURE DEVELOPMENT PROGRAM (FIDP), funds are allocated to assist local governments in providing infrastructure to support new or expanding industry. The following types of activities are eligible: water systems, wastewater systems, transportation projects, site improvement, or other specific infrastructure improvements required to support economic growth. Grants are limited to a maximum of $750,000 with amounts determined for individual projects.

The TENNESSEE SMALL BUSINESS ENERGY LOAN PROGRAM is designed to assist in the identification, installation, and incorporation of approved energy-efficiency measures for existing Tennessee businesses. Businesses of fewer than 300 employees or $3.5 million in annual gross sales or receipts can receive loans of up to $300,000. These loans are repaid at 3 percent interest over a period of time not to exceed seven years.

The FASTTRACK JOB TRAINING ASSISTANCE PROGRAM (FJTAP) provides training assistance as an incentive to attract new investment and to encourage existing business and industry to make additional investments in Tennessee. The training assistance is customized to each company’s individual training needs. Levels of training assistance are determined by the amount of the company’s investment, number of new hires, and the skills and knowledge that must be possessed by the prospective or newly hired employees. A customized training plan can be developed in direct coordination with company personnel. The training can be both pre-employment and post employment, including classroom and on the job. Reimbursement of instructional cost by company personnel and selected vendors is eligible for support. The expense of travel, for the purpose of training, is a viable option for the training of new hires and persons who will serve as company instructors.

TENNESSEE JOB SKILLS (TJS) is a work force development program giving priority to the creation and retention of existing jobs while focusing on employers in industries that promote high-skill, high-wage jobs in high technology, demand and emerging occupations. Training grants can be awarded to employers as an incentive for investing in new technologies, with the training being focused on the performance skills of their present employees affected by the introduction of the new technology. Training assistance can also be awarded to employers who certify that a specific job or job openings exist and at the completion of the training project those participants in the project will fill such job openings. The starting wage for a new job created through the project will be equal to or greater than the prevailing starting wage for that occupation in the local labor market.

BUSINESS ENTERPRISE RESOURCE OFFICE (BERO): Provides technical, financial and business plan development advice for small, minority-owned and woman-owned businesses across the state.

COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM (CDBG): Grant dollars are available to communities with a population of fewer than 50,000 residents for the purpose of providing community development projects and attracting new or expanding companies, as long as the projects align with one of three national objectives:

      • Principally benefit low and/or moderate income people
      • Eliminate or prevent slums and/or blight
      • Address imminent health and/or safety problems.

GREEN ISLAND CORRIDOR GRANT: Administered by the Tennessee Department of Transportation, assists retail vehicle fuel stations and farm co-ops with up to 80 percent of the cost to convert or install storage and fuel dispensing equipment for E85 and B20 pumps, with a cap of $45,000 per pump. TDOT advertises biofuel station locations on the Official State Map and provides interstate signage at exits with participating biofuel stations. This program is working to establish a statewide network of E85 and B20 pumps alongside interstate and major highway corridors to make these fuels available to citizens, travelers and fleets.

RURAL SMALL BUSINESS AND ENTREPRENEURSHIP LOAN FUND: Helps small businesses, specifically micro-businesses or micro-enterprises, grow and maintain their businesses. A micro-enterprise is a business with five or fewer employees including the owners. It is an alternative source of capital for small business owners who can’t get conventional bank loans and don’t want to use credit cards.

JOBS TAX CREDIT: Allows “qualified business enterprises” a credit against their franchise and excise taxes based on their capital investment and the number of jobs created. The amount of the credit and the period of time during which it can be used varies according to the size of the investment.

JOBS TAX SUPER CREDIT: Applies to those qualified businesses investing capital of $100 million or more and creating a minimum of 100 jobs paying at least 100 percent of Tennessee’s average occupational wage or investing $10 million in a qualified headquarters facility with the creation of at least 100 new headquarters jobs paying 150 percent of the average occupational wage.

These credits can be used to offset up to 100 percent of the company’s F&E tax liability each year for 3 to 20 years starting the first tax year after the job creation and capital investment thresholds have been met. The Super Credit does not include carry-forward provisions. The Super Credit is in addition to the regular Job Tax Credit, which will still have the 15 year carry-forward and 50 percent of offset. The only difference is by qualifying for the Super Credit, the amount of the regular Job Tax Credit increases to $5,000 per new occupational wage job instead of the regular $4,500.

RURAL OPPORTUNITY INITIATIVE ENHANCED JOB TAX CREDIT: If a qualified business enterprise locates or expands in a Tier 2 or Tier 3 Enhancement County (based on unemployment, per capita income and poverty levels), the company will be eligible for an annual Enhanced Job Tax Credit of $4,500 for each qualified job, provided that the job remains filled during the year in which the credit is being taken. The annual credit may be used to offset up to 100 percent of the company’s total franchise and excise (F&E) tax liability each year for a three-year period in Tier 2 counties and a five-year period in Tier 3 counties. The Enhanced Job Tax Credit for Tier 2 and Tier 3 Enhancement Counties is in addition to the regular Job Tax Credit and cannot be carried forward.

INDUSTRIAL MACHINERY TAX CREDIT: For capital investments in industrial machinery, it may be used to offset up to 50 percent of the company’s F&E tax liability. To qualify for this credit, companies are not required to create new jobs. The credit applies to the purchase, installation and repair of industrial machinery as defined in T.C.A. 67-6-102. The credit also applies to the purchase and installation of computer, computer software and certain peripheral devices purchased in order to meet the capital investment thresholds of the Job Tax Credit. Any unused Industrial Machinery Tax Credit may be carried forward for up to 15 years. The percentage of Industrial Machinery Credit allowed is dependent upon the investment made during the investment period.

HEADQUARTERS TAX CREDIT: A suite of enhanced tax credits to companies that establish or expand a qualified headquarters facility in Tennessee. A “qualified headquarters facility” means a regional, national or international headquarters facility where the taxpayer has made a minimum investment and either:

  • Located its headquarters facility in a Central Business District or Economic Recovery Zone and received approval from the Commissioner of Revenue as a “qualified headquarters facility”
  • $50 million in a headquarters building or buildings, newly constructed, expanded or remodeled during the investment period, or
  • $10 million in a headquarters facility and the creation of 100 new full-time jobs paying at least 150 percent of Tennessee’s average occupational wage during the investment period.

DATA CENTER TAX CREDIT: Companies may obtain tax credits for the purchase of materials related to the construction of a qualified data center, which is defined as a building or buildings housing high technology computer systems and related equipment in which the taxpayers had made a minimum capital investment of $250 million and has created 25 new jobs paying at least 150 percent of the state’s average occupational wage.


email

About The Author

BF Staff

Number of Entries : 1664

© 2015 Business Facilities Magazine | Group C Media, Inc. | Privacy Policy | Terms Of Use



email