- Job Tax Credit Program offers $4,500 per job to offset up to 50% of franchise and excise (F&E) taxes in any given year with a carry forward for up to 15 years. Create at least 25 net new full-time positions within a 36-month period and invest at least $500,000 in a qualified business enterprise.
- Industrial Machinery Tax Credit ranges from 1% to 10% for the purchase, third party installation and repair of qualified industrial machinery. This includes purchases for machinery, apparatus and equipment with parts, appurtenances and accessories, repair parts and labor.
- Sales and Use Tax Exemptions are available for industrial machinery, repair parts and industrial supplies used in the manufacturing process, personal property purchased for a qualified headquarters facility, racking systems purchased for a qualified warehouse or distribution center, sales of interstate telecommunication and international telecommunication services sold to a business for use in the operation of one or more qualified call centers, hardware and software purchased for a qualified data center, and equipment used in research and development. Equipment must be used necessary to and primarily for research and development purposes.
- Fasttrack Economic Development Fund offsets companies incur when expanding or locating a business operation in Tennessee including retrofitting building, acquiring real property, relocation of equipment.
