Available Incentives
The Department of Revenue and the Department of Economic and Community Development (ECD) have partnered to offer a variety of incentive packages to new and expanding businesses in Tennessee. Tax credits and exemptions are available for qualifying companies of varying size, and address a variety of businesses from industry and technology to investment in economically-distressed areas in the state.
ECD's Tool Kit is a guide to programs offered by the state to assist in the creation of higher skilled, better paying jobs. The suite of incentives regularly expands in order to accomodate a wide variety of businesses that are looking to relocate or expand in Tennessee. Please contact Assistant Commissioner Jennifer Hagan-Dier, liaison to ECD, to learn how to take advantage of these credits and incentives.
Some incentives include:
- The Jobs Tax Credit allows qualified businesses a credit against franchise and excise taxes based on capital investment and number of jobs created.
- The Headquarters Tax Credit offers tax credits to businesses that relocate corporate headquarters to Tennessee based on relocation and construction costs.
- Fast Track Jobs Training and Fast Track Infrastructure Development assist companies in training new employees and assisting communities in the development of public infrastructure.
- Businesses who make capital investments and create jobs in economically-distressed counties may be eligible for a franchise and excise tax credit in addition to those otherwise offered to businesses.
- Learn more by viewing the Tool Kit.
The Secretary of State also provides services for new companies, including processing and filing corporation, limited liability company, limited partnership, limited liability partnership and certain general partnership documents.
