Business Development Grants
Long-term growth meets increased profitability with competitive grants for workforce training, public infrastructure, and economic development. The commitment of the Department of Economic and Community Development (TNECD) doesn’t stop there. TNECD offers incentives to help make a company’s decision an easy one. Eligibility is based upon number of new full-time jobs, weighted average wages of full-time jobs, amount of company investment, and location of project. Additional opportunities for locating in an at-risk county or distressed county are available.
Programs include:
- FastTrack Infrastructure Program
- FastTrack Job Training Assistance Program
- FastTrack Economic Development Fund
Rural Development
The state's vibrant communities are places that anyone would be proud to call home. TNECD's community and rural development programs use established funding programs and new initiatives to connect communities to funding and technical assistance, to identify and build off their assets, and to advance economic development across the state.
Performance Metrics
The Tennessee Department of Economic and Community Development has developed a platform to provide current information measuring the Department’s strategic objectives. The platform features interactive dashboards, tracking economic data and initiatives tied to TNECD's long-term strategic plan.
Workforce and Education
In Tennessee, we’ve created innovative workforce partnerships and game-changing education reform for skills in high demand. The result is a steady pipeline of qualified candidates. From global giants to homegrown startups, industry thrives in Tennessee.
Expansion or Relocation Tax Incentives
Tennessee’s incentives for companies expanding within the state or relocating to the state include a combination of tax credits, job training reimbursement grants, and public infrastructure development around a project site. The amount and duration of the incentives depend on the type of company, number of jobs created, and the amount of capital invested.