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BUSINESS REPORT: Tennessee Initiates Site Certification Program

Buisness Facilities Contributed Content

The southern states are known for smart, savvy and successful approaches to economic development and Tennessee is no exception. According to Kendrick Curtis, Technical Program Director of the ECD, “The program is designed to be an industry standard for site preparedness. Each aspect has its own purpose and meaning.

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COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

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are implementing site certification programs called “shovel ready”—meaning that the site is primed and ready for economic development. Certified shovel ready sites are in growing demand among companies and site selection consultants, and they are an increasingly popular tool for communities to attract new business and industry.

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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

Tennessee, Virginia and Alabama are the top-ranked states, respectively, in BF’s flagship Best Business Climate ranking. The reputation of Tennessee’s business climate and skilled workforce has attracted countless world-class businesses to our state. Tennessee is proud to be a right-to-work state with no personal income tax on wages.

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State by State Incentives Guide

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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.,

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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. CALIFORNIA.

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Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

The plant is expected to provide roughly 1,500 jobs on-site and support 1,500 more among area suppliers. Another tech player based in Lincoln is Hudl, which developed software that can instantly analyze game film sent to its site by professional and amateur sports teams. ACHIEVEMENT IN SITE CERTIFICATION.

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