IndustryNet Account
For Buyers:
  • View Search History and Save Searches
  • Save Supplier Listings and Add Notes
  • Save and Review RFQs / RFIs / RFPs
For Suppliers:
  • Update Your Listing Information
  • Upgrade Your Listing or Add Categories
  • View and Respond to Leads

 Keep me logged inForgot?

Don't have an account? Create a FREE account now!
close
Expand or Relocate to Tennessee
      

Tennessee Business Data

Relocate or Expand to Tennessee

TN business climate, manufacturer incentives, and advantages of local communities

Business Data for Tennessee


Population
6,296,254

Total Labor Force
3,144,785

Unemployment Rate
4.1%

# Manufacturers
6,663

Manufacturing Jobs
383,983

Right to Work
Yes

Unemp. Insurance Tax
1.1–10.6%


Manufacturing stats updated on 6/29/2016. All other data updated on 6/29/2016. IndustryNet is not responsible for errors or omissions.
 
Corporate Income Tax
0.25% franchise tax of the greater of net worth or real and tangible property. Excise tax of 6.5% of taxable income.

Sales Tax
7%. Exemptions or reduced rates for qualified manufacturers on industrial machinery; industrial machinery authorization; pollution control equipment; material handling and racking systems equipment; industrial materials; headquarters facility; energy fuel and water; computers.

Property Tax
Real and personal property taxes are levied by cities and counties. Industrial and commercial real property is assessed at 40%. Industrial and commercial personal property is assessed at 30%. Manufacturers' finished goods inventories are exempt.

Leading Mfg. Industries
(by # of employees)
14% Transportation equipment
11% Fabricated metal products
10% Industrial machinery and equipment
10% Food and kindred products
8% Chemicals and allied products

Largest Mfg. Employers
(by # of employees)
Eastman Chemical Co. (Kingsport) - 13,000
Nissan North America, Inc. (Smyrna) - 8,000
Consolidated Nuclear Security (Oak Ridge) - 4,500
DENSO Mfg. Tennessee, Inc. (Maryville) - 3,550
McKee Foods Corp. (Collegedale) - 3,000
 
Counties with the Most Mfg. Jobs
Shelby - 53,940
Davidson - 43,130
Hamilton - 30,941
Rutherford - 22,051
Knox - 20,675

Cities with the Most Mfg. Jobs
Memphis - 45,289
Nashville - 34,236
Chattanooga - 24,823
Knoxville - 19,049
Kingsport - 15,492

Mfg. Related Business Incentives
• Jobs Tax Credit and Jobs Tax Super Credit
• Headquarters Tax Credit
• Tiered Rural Opportunity Initiative Jobs Tax Credit
• Integrated Supplier and Integrated Customer Tax Credit
• Industrial Machinery Tax Credit
• Sales and Use Tax Credit for Qualified Facility to Support an Emerging Industry
• Rural Opportunity Initiative Enhanced Jobs Credit
• Headquarters Relocation Expense Credit
• Fast Track Job Training Assistance Program
• Energy Efficient Loan Program
• Green Island Corridor Grant
• Rural Small Business and Entrepreneurship Loan Fund
• Private Activity Bonds
• Emerging Industry Tax Credit

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from Tennessee

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Memphis, TN
Among the nation's leading Quality & Productivity Centers in the global marketplace. A partnership of the Greater Memphis Chamber & Southwest Tennessee Community College. A Tennessee Board of Regents Center of Emphasis
Machinery Movers & Riggers-Heavy Haulers-Installers-Millwrights
Knoxville, TN
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
  A service of   Member of   Sponsor of  
 
  A service of MNI   Member of NAM   Sponsor of Mfg Day  
 Find a Supplier  About IndustryNet
 Get a Quote  Buyer Reviews
 Expansion & Relocation Guide  Marketing Solutions
 IndustryNet Blog  Add or Upgrade Listing
 ISO Standards & Certifications  Link to IndustryNet
 Browse All Categories  Contact IndustryNet
 Browse All Companies  Legal Information
© 2016 MNI