Department of
Economic & Community Development
Matthew Kisber, Commissioner

Competitive Tax Incentives make Tennessee a smart decision for doing business. We have made more changes to our incentive package in the last five years, in fact, than in the previous 20 combined.

• Incentivized Corporate Excise, Franchise, Personal Income, Property, Sales and Use and Other Taxes

ECD’s FastTrack Program helps companies locating in the area cut through red tape that often hinders development to get the resources and the answers they need – fast.

• FastTrack Job Training Assistance Program
• FastTrack Infrastructure Development Program

Community Development Block Grants help communities pay for infrastructure improvements necessary to economic development projects. For example, if a business is considering locating in a county but needs a water line extended to their potential site, a CDBG grant could be used to pay for that extension.

• Community Development Block Grants

Energy Grant and Loan Programs encourage businesses of all sizes to pursue energy-saving projects that will be both environmentally responsible and cost-effective in the long term.

• Small Business Energy Loans
• Tennessee Clean Energy Technology
• Feedstock Processing Demonstration Loan
• Green Island Corridor Grant

Loans for Small Businesses allow one of Tennessee’s most vibrant economic sectors to grow. Dollars are available for small businesses in rural areas and small businesses that are looking to make energy efficiency improvements.

• Small Business Energy Loans
• BERO Rural Micro Loan

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.

Industrial Development Board Bonds are available to companies for infrastructure improvements. Funds must be applied for from the state by local industrial development boards, and are distributed locally by those boards at their discretion.

Recovery Zone Economic Development Bonds are available for community improvement in areas that have been designated by their local government as "Recovery Zones."

• Recovery Zone Bond Plan

Applicant Recruitment and Screening is a service by the Tennessee Department of Labor and Workforce Development’s Jobs Service Division to identify and forward applicants who meet a company’s hiring criteria.