There are a number of incentives available to qualified businesses, below are a few of them.  For additional information about these incentives you can either contact us by clicking here or the agency offering the incentive(s) below.

• Franchise Jobs Tax Credit provides qualified new or expanding businesses in Tennessee with a $2,000 credit against its franchise tax liability for each new job. The credit is applied when the business creates a minimum of 25 new full-time jobs and capital investments of at least $500,000. — Tennessee Department of Economic and Community Development, 543-7425.
  
  
• Payment-In-Lieu-Of-Tax (PILOT), tax freeze, is offered to businesses that expand or relocate to Memphis and Shelby County and who may qualify based on information such as new jobs created, wages and capital investment (tenant improvements and tangible personal property).
  — Memphis and Shelby County Division of Planning and Development, 576-7177.
  
  
• The State of Tennessee offers Industrial Training Services to businesses by providing custom start-up training to new and expanding industries to enable them to obtain maximum production in a minimum amount of time. The number of new hires and the knowledge and skills required of the prospective or newly hired worker determines the services.
  — The University of Tennessee Center for Industrial Services, 387-1648.
  
  
• The Tennessee Valley Authority offers a revolving loan program for the acquisition of fixed assets. One job should be created or retained for every $5,000 invested by TVA. Maximum length of terms is 10 years for new plants, plant expansion and plant retention loans; 7 years for service industry loans; and 5 years for infrastructure loans.
  — Tennessee Valley Authority, 577-2607.
  
  
• Memphis Light, Gas and Water Division offers electric and natural gas incentive rates to qualified businesses. A special five percent demand billing credit is available to manufacturers exceeding 500KW monthly. Natural gas programs include Discount Riders.
  — Memphis Light, Gas and Water Division, 543-3562.