Business Development Division
Bring Your Business to Tennessee
Tennessee's Competitive Advantages
- A Right-to-Work state
- Worker’s Compensation Reform
- Lowest utility costs in the nation
- Consistently one of the lowest per capita taxed states in the nation
- No state sales tax on manufacturing equipment for qualified businesses
- No sales tax on pollution control equipment
- No sales tax on raw material
- No state property tax
- No property tax on work in progress or finished product inventories
- Offers an investment tax credit of 1%
- Offers a franchise tax jobs credit
- Offers accelerated depreciation on personal property
- Offers infrastructure and training grants up to $750,000
- Offers reduced sales tax on energy fuel and water for qualified manufacturers
- Offers “Double Weighting” of Tennessee sales for Franchise and Excise taxes
- YOUR BOTTOMLINE: A low cost of doing business in Tennessee
