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Tennessee Incentives and Workforce Development Guide

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For a list of Tennessee economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide. The training is post-employment. Corporate Income or Excise Tax: Tennessee levies an excise tax of 6.5% The state of Tennessee does not have a throwback provision.

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Ports And FTZs: Enter With Less Risk

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An airport of entry (AOE), usually designated with the word “international”, provides customs and immigration services for incoming flights. employment growth. It provides nonstop air service to more than 50 destinations and connects Middle Tennessee to the rest of the country, and beyond. billion in 2014, accounting for 12.1

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FEATURE STORY: 2013 Economic Development Deal of the Year Awards

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Bill Haslam (third from left) said Hankook Tire’s decision to invest $800 million in its new TN plant “reinforces [Tennessee’s] goal of becoming the No. Entered By: Clarksville-Montgomery County IDB/State of Tennessee. At that time, the search had been narrowed down to four sites; three in Middle Tennessee and one in West Tennessee.

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State by State Incentives Guide

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The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. Must expand its labor force, make new capital investment, or prevent loss of employment.

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STATE INCENTIVES GUIDE

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INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

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Feature Story: Shovel-Ready Sites – Fired Up, Ready To Go

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The Black Forest Industrial Park, a 52-acre AdvantageSite in Ozark, AL, features a 29,580-square-foot building that is for sale or lease and can be adapted to clients’ specifications. The park also has a 29,580-square foot spec building that is for sale or lease and can be finished to the clients’ specifications.

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FEATURE STORY: 2014 Economic Development Awards

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Businesses will be able to locate in these zones and operate 100 percent tax-free for 10 years (no income, business, sales or property taxes and no franchise fees). The geographic boundaries have been extended, and capital investment and employment eligibility requirements have been reduced. Wright Distribution Center) in South Bend.

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