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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

“Tennessee always sets the bar high in meeting all of the priorities of businesses evaluating locations in the Volunteer State, whether it’s customized workforce training, prefertilized sites or lower industrial electricity costs.”. Bill Lee has cited TN’s business-friendly environment in several recent project announcements.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Industrial Revenue Bonds: May be used as long-term financing of up to 100% of a project for: Acquisition of land, buildings, site preparation and improvements; Construction of buildings; Acquisition and installation of furnishings, fixtures and equipment; Capitalizable soft costs (e.g., 97% increase in personal property tax exemption.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Types of Capital Credit projects include: New Project or Expansion Project: Consists of new investment at a new site in Alabama, or new investment that will expand the capacity and the number of employees at an existing facility. The law allows more than one project on the same site. The program ends December 2016.

Income 75