Tennessee on Business Facilities Online
TENNESSEE Fast Facts
• Population (2008): 6,214,888
• Largest Cities (2008): Memphis, 669,651; Nashville-Davidson (balance), 596,462; Knoxville, 184,802;
Chattanooga, 170,880; Clarksville, 119,735
• Targeted Industries: Automotive, Distribution/Warehousing, Food Industry, Life Sciences, Plastics
• Key Incentives:
Fast Track Program, Green Energy Tax Credit, Franchise Tax, Excise Tax
• GDP (All Industry 2008):
$252 billion*
*Bureau of Economic Analysis, U.S. Department of Commerce
TENNESSEE State Incentives
The Jobs Package Initiative allows the state to invest in
preparing the current workforce for future jobs through training
and/or retraining programs. Additionally, this incentive provides
upgrade training of companies' existing employees to support expansions,
new product lines, new manufacturing processes, etc.
The Fast Track Industrial Infrastructure Program provides
grants to local government entities for the benefit of relocating
or expanding industries, and was recently expanded to include significant
technological improvements including digital switches, fiber optic
cabling, or other technological improvements.
The Sunset Provision for the Jobs Tax Credit was extended
from January 1, 2008 to January 1, 2011. It includes new high-skill,
high-wage jobs in high-technology areas, emerging occupations, and
skilled manufacturing. The statute was amended to allow taxpayers
who qualify for the increased jobs tax credit in connection with
an investment of $500 million to receive the credit on an annual
basis for each tax year (up to a maximum of 10 years) in which the
jobs remain filled at wages equal to or greater than 150% of the
state's average industrial wage.
The Qualified Headquarters Facility Relocation Expense Credit
is a franchise and excise tax credit equal to the amount of qualified
relocation expenses incurred by a taxpayer in connection with the
establishment of a headquarters facility. The credit is available
if the taxpayer is eligible for the sales and use tax headquarters
facility credit, and qualifies for the franchise and excise tax
job tax credit in connection with a required capital investment
in excess of $1 billion. The total relocation expense credit allowed
can't exceed $50,000 multiplied by the number of employee positions
relocated to the facility during the investment period.
Explore detailed community demographic information at ZoomProspector.com
Business Facilities Articles covering Tennessee
Growing Technology In the Park
2010 Editors' Location Picks
Logical Solutions for the Logistics Industry
State of the Year Award
Green Giants
Editors' Location Picks
2009 Metro Rankings
2009 Business Facilities Rankings Report
Gestamp to Build $90-Million Auto Parts Plant in Chattanooga
Tennessee governor predicts GM's Spring Hill plant will make a comeback
Tennessee State Resources
STATE CONTACTS
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UTILITIES
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REGIONAL CONTACTS
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
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.
COUNTY CONTACTS
Dyersburg/Dyer County Chamber of Commerce
Allen Hester
President & CEO
2000 Commerce Avenue
Dyersburg, TN USA 38024
731-285-3433
chamber@ecsis.net
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
Johnson City/Jonesborough/Washington County Economic Development Board
P. C. Snapp
Executive Director
603 E. Market St., 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 N Castle Heights Ave #102
Lebanon, TN USA 37087
615-443-1210
info@doingbiz.org
www.doingbiz.org
The Joint Economic & Community Development Board of Wilson County is a governmental economic development agency. The communities of Mt.Juliet, Lebanon, Watertown and Wilson County comprise the JECDB. The JECDB is focused on industrial, office, retail and business recruiting.
CITY CONTACTS
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- State Contacts
- Utilities
- Regional Contacts
- County Contacts
- City Contacts
Belz Enterprises
Morris Thomas
Vice President
100 Peabody Place, Suite 1400
Memphis, TN USA 38103
901-260-7300
info@belz.com
www.belz.com
Tennessee Department of Economic & Community Development
Matt Kisber
Commissioner
312 Rosa Parks Blvd., 11th Floor
Nashville, TN USA 37243
615-741-1888
matt.kisber@tn.gov
www.state.tn.us/ecd/
Bristol Tennessee Electric System
April L. Eads, CEcD
Business Development Manager
2470 Volunteer Parkway, P.O. Box 549
Bristol, TN USA 37621
423-793-5532
aeads@btes.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
Southwest Tennessee Dev. District
Joe Barker
Executive Director
27 Conrad Drive, Suite 150
Jackson, TN USA 38305
731-668-7112
jwbarker@swtdd.org
www.swtdd.org
JC/J/WC Economic Development Board
P. C. Snapp
Executive Director
603 E. Market St. #200
Johnson City, TN USA 37601-0200
423-975-2380
pcsnapp@jcedb.org
www.jcedb.org
