Learn more about relocating or expanding to TennesseeTennessee business climate, manufacturer incentives, and advantages of TN communities |
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Tennessee Business Data*  Population: 6,296,254 Total Labor Force: 3,128,600 Unemployment Rate: 8.0% Number of Manufacturers: 7,024 Manufacturing Jobs: 373,757
Right to Work: Yes
Unemp. Ins. Tax: 1.1–10.6%
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Corporate Income Tax:
0.25% franchise tax of the greater of net worth or real and tangible property. Excise tax of 6.5% of taxable income. Sales Tax:
7%. Exemptions or reduced rates for qualified manufacturers on industrial machinery; industrial machinery authorization; pollution control equipment; material handling and racking systems equipment; industrial materials; headquarters facility; energy fuel and water; computers. Property Tax:
Real and personal property taxes are levied by cities and counties. Industrial and commercial real property is assessed at 40%. Industrial and commercial personal property is assessed at 30%. Manufacturers' finished goods inventories are exempt. Leading Manufacturing Industries:
(by % of total manufacturing employment) 12% Transportation equipment 11% Industrial machinery and equipment 11% Fabricated metal products 10% Food and kindred products 7% Printing and publishing Largest Manufacturing Establishments:
(by number of employees) Eastman Chemical Co. (Kingsport) - 7,000
Nissan North America, Inc. (Smyrna) - 6,000 B&W Y-12, LLC (Oak Ridge) - 4,500 McKee Foods Corp. (Collegedale) - 3,000 Electrolux Major Appliances (Springfield) - 2,800 |
Counties with the Most Manufacturing Jobs:
Shelby - 58,024 Davidson - 42,442 Hamilton - 32,043 Knox - 19,916 Rutherford - 19,351 Cities with the Most Manufacturing Jobs:
Memphis - 48,313 Nashville - 34,146 Chattanooga - 26,043 Knoxville - 18,482 Smyrna - 9,527 Manufacturing Related Business Incentives:
• Jobs Tax Credit and Jobs Tax Super Credit
• Headquarters Tax Credit • Tiered Rural Opportunity Initiative Jobs Tax Credit • Integrated Supplier and Integrated Customer Tax Credit • Industrial Machinery Tax Credit • Sales and Use Tax Credit for Qualified Facility to Support an Emerging Industry • Rural Opportunity Initiative Enhanced Jobs Credit • Headquarters Relocation Expense Credit • Fast Track Job Training Assistance Program • Energy Efficient Loan Program • Green Island Corridor Grant • Rural Small Business and Entrepreneurship Loan Fund • Private Activity Bonds • Emerging Industry Tax Credit |
Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:
Tennessee Department of Economic & Community Development
The Department's mission is to develop strategies which help make Tennessee the No. 1 location in the Southeast for high quality jobs. The department seeks to attract new corporate investment in the state and works with companies to facilitate expansion and economic growth.
312 Rosa L. Parks Avenue, Eleventh Floor, Nashville, TN 37243 (Map & Aerial View)
(615) 741-1888
www.state.tn.us/ecd
Marshall County Chamber Of Commerce
The primary purpose of the Marshall County Chamber of Commerce is to promote business expansion and retain business and industry; the secondary purpose of the Chamber is to promote tourism within the county.
227 2nd Ave. N., Lewisburg, TN 37091 (Map & Aerial View)
(931) 359-3863
www.marshallchamber.org
Chattanooga Area Chamber of Commerce
The Chamber's Business Information Center is a complete on-line resource for statistical and quality of life information about the Chattanooga area. The Chamber also offers one-stop service to facilitate site selection for location projects.
811 Broad Street, Chattanooga, TN 37402 (Map & Aerial View)
(423) 756-2121
www.chattanooga-chamber.com
City of Memphis Chamber of Commerce
The Chamber strives to strengthen the area's existing business and to serve as a catalyst for new commerce and economic development.
22 North Front Street, Suite 200, Memphis, TN 38103 (Map & Aerial View)
(901) 543-3500
www.memphischamber.com
Fayetteville-Lincoln County Industrial Development Board
To foster growth of jobs and investment opportunities throughout Fayetteville Lincoln County, TN and also maintain a commitment to our existing industries.
16 Franke Blvd., Fayetteville, TN 37334 (Map & Aerial View)
(931) 433-0607
www.flcidb.com
Hendersonville Area Chamber Of Commerce
The Hendersonville Area C/C sets the standard for excellence in membership services, community alliances & business growth & development within the Hendersonville area. We connect business with customers, suppliers & important community issues, advocate for our broad & diverse members to create a climate of growth, promote business through a variety of marketing activities to the community & member to member, support members through education, recognition & bus. assistance.
100 Country Club Dr., Ste. 104, Hendersonville, TN 37075 (Map & Aerial View)
(615) 824-2818
www.hendersonvillechamber.com
Maury Alliance
The mission of the Maury County Chamber and Economic Alliance is to facilitate business opportunities for Chamber members and create job growth through economic development initiatives.
106 West 6th Street, Columbia, TN 38402 (Map & Aerial View)
(931) 388-2155
www.mauryalliance.com
McMinn County Economic Development
The McMinn County Economic Development Authority (EDA) was created in 1985, and is a centralized agency devoted to recruiting new industry and providing service to assist existing industries with expansions. Information on available buildings, industrial property, training and other available programs can be obtained by calling (423)745-1506.
P.O. Box 767, Athens, TN 37371 (Map & Aerial View)
(423) 745-1506
(423) 745-1507 Fax
www.mcminncoeda.org
Networks Sullivan Partnership
Sullivan Partnership is the economic development organization for Sullivan County and its communities of Kingsport, Bristol and Bluff City. Its name NETWORKS - represents everything it does and all that the region has to offer. Northeast Tennessee Works for existing and new business and industry. Sullivan Partnership represents a collaborative partnership among Sullivan County and its three primary communities.
10368 Wallace Alley St., Suite 1, Kingsport, TN 37663 (Map & Aerial View)
(423) 279-7681
(423) 279-7683 Fax
www.networkstn.com
Union County Chamber Of Commerce
The Mission of this organization is to create, nurture & expand diverse economic growth & to be an advocate for business in Union County. The chamber is a not for profit assoc. of business, government & professional people working together to enhance our community. This office collaborates with the State Economic Development Office, our utility partners, workforce development partners & with regional partnerships to assist both existing & businesses seeking to relocate.
P.O. Box 848, Maynardville, TN 37807 (Map & Aerial View)
(865) 992-2811
www.unioncountytnecd.org
Tennessee Industrial News:
Tennessee Manufacturing Jobs Increased 1% Over Past Year (11/19/2012)
Industrial Jobs In Tennessee Declined 1.4% Over Past Year (11/4/2011)
Tennessee Industrial Jobs Declined 13.7% Over Past Two Years (10/22/2010)
Tennessee Industrial Jobs Down 12.6% Over Twenty-Four Months (10/30/2009)
State Industrial Directory Reports Tennessee Manufacturing Jobs Down 3.3% (10/22/2008)
Industrial Directory Reports Tennessee Manufacturing Jobs Down 4% (10/30/2007)
Tennessee Industrial Employment Drops 3.1% According To State Manufacturers' Directory (10/18/2006)
Manufacturing Job Losses Total 22,462 In Tennessee (1/24/2006)
Tennessee Manufacturing Jobs Increased 1% Over Past Year (11/19/2012)
Industrial Jobs In Tennessee Declined 1.4% Over Past Year (11/4/2011)
Tennessee Industrial Jobs Declined 13.7% Over Past Two Years (10/22/2010)
Tennessee Industrial Jobs Down 12.6% Over Twenty-Four Months (10/30/2009)
State Industrial Directory Reports Tennessee Manufacturing Jobs Down 3.3% (10/22/2008)
Industrial Directory Reports Tennessee Manufacturing Jobs Down 4% (10/30/2007)
Tennessee Industrial Employment Drops 3.1% According To State Manufacturers' Directory (10/18/2006)
Manufacturing Job Losses Total 22,462 In Tennessee (1/24/2006)
Looking to reach Tennessee manufacturers? Access the Tennessee Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 5/17/2013. All other stats updated on 5/17/2013. Listings updated on 5/21/2013.
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