Northeast Tennessee is an active and growing environment that is inviting for businesses, industries, and makers of all sizes. The Partnership works closely with the State of Tennessee and regional workforce development partners to ensure that all new information and resources in regards to taxes, rebates and incentives are easily available. Our goal is to provide as many applicable tools as possible for our existing industries and new industries so that our region may continue to thrive.
The Partnership works alongside governments and development boards throughout the region to offer local incentives to qualifying projects. Local incentives can include Payment in Lieu of Tax (PILOT), Tax Increment Financing (TIF), infrastructure assistance, facade grants and business start-up funds. The value and terms of these incentives are evaluated and determined on a project-by-project basis. The creation of new jobs and wages, capital investment, and improvement to real estate are criteria on how projects are evaluated.
Additional State & Federal Incentives
Tennessee Department of Economic & Community Development offers job tax credits, infrastructure assistance, and capital funds tied to job creation and capital investment. For more information regarding the State of Tennessee visit https://tnecd.com/advantages/incentives-grants/
The Tennessee Valley Authority (TVA) offers job creation incentives and credits towards power usage. For more information regarding TVA visit https://www.tva.com//Economic-Development/Engage