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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
3,183,553

Unemployment Rate
3.0%

# Manufacturers
6,310

Manufacturing Jobs
375,363

Right to Work
Yes

Unemp. Insurance Tax
1.1–10.6%


Manufacturing stats updated on 11/13/2017. All other data updated on 11/13/2017. 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
7% Rubber and miscellaneous plastic products

Largest Mfg. Employers
(by # of employees)
Nissan North America, Inc. (Smyrna) - 8,000
Eastman Chemical Co. (Kingsport) - 7,000
Consolidated Nuclear Security (Oak Ridge) - 4,500
DENSO Mfg. Tennessee, Inc. (Maryville) - 4,428
McKee Foods Corp. (Collegedale) - 3,000
 
Counties with the Most Mfg. Jobs
Shelby - 54,211
Davidson - 42,487
Hamilton - 30,381
Rutherford - 26,283
Knox - 20,299

Cities with the Most Mfg. Jobs
Memphis - 45,590
Nashville - 36,742
Chattanooga - 24,155
Knoxville - 18,734
Smyrna - 11,648

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
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!
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