Learn more about relocating or expanding to Tennessee

Tennessee business climate, manufacturer incentives, and advantages of TN communities

Relocate or Expand to Tennessee - U.S. Industrial Expansion & Relocation Guide for Manufacturing Companies - Learn more about the Tennessee business climate, manufacturer incentives, and advantages of TN communities. Helping decision makers at U.S. manufacturing establishments find new locations to relocate or expand.
Tennessee Business Data*

Tennessee

Population: 6,296,254
Total Labor Force: 3,034,400
Unemployment Rate: 7.2%
Number of Manufacturers: 6,827
Manufacturing Jobs: 380,897
Right to Work: Yes
Unemp. Ins. Tax: 1.110.6%
 
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)
13% Transportation equipment
11% Industrial machinery and equipment
10% Fabricated metal products
10% Food and kindred products
9% Chemicals and allied products

Largest Manufacturing Establishments:
(by number of employees)
Eastman Chemical Co. (Kingsport) - 7,000
Nissan North America, Inc. (Smyrna) - 6,000
Primester (Kingsport) - 6,000
B&W Y-12, LLC (Oak Ridge) - 4,500
McKee Foods Corp. (Collegedale) - 3,000
 
Counties with the Most Manufacturing Jobs:
Shelby - 57,524
Davidson - 41,980
Hamilton - 30,849
Knox - 20,399
Rutherford - 19,928

Cities with the Most Manufacturing Jobs:
Memphis - 47,869
Nashville - 33,341
Chattanooga - 24,845
Knoxville - 18,987
Kingsport - 15,315

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:

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




Looking to reach Tennessee manufacturers? Access the Tennessee Manufacturers Database compiled by MNI.



*Manufacturing stats updated on 3/18/2014. All other stats updated on 3/18/2014. Listings updated on 4/25/2014.

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