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Incentives and Grants for Businesses

Tennessee's Tax Incentives

Competitive Tax Incentives make Tennessee a smart decision for doing business. Tennessee has long been considered a state with one of the most business-friendly economic climates in the nation with one of the nation's lowest per capita tax burdens, no tax on personal income and no state property tax.

 

TNECD’s FastTrack Program

TNECD’s FastTrack Program helps companies locating or expanding in Tennessee in a variety of ways with three grant programs for job training, infrastructure development and a special economic development fund.

 

Loans for Small Businesses

Loans for Small Businesses allow one of Tennessee’s most vibrant economic sectors to grow.

 

Private Activity Bonds

Private Activity Bonds are available to help companies finance building and equipment improvements.

Tennessee Job Skills

Tennessee Job Skills is a discretionary fund available to new and existing businesses to train their workforce. The focus is on employers and industries that promote high-skill, high-wage jobs for emerging and high-technology manufacturing operations.