All programs offer interest rates below prime.
Loan amounts vary and are based on the number of new jobs created.
The IRB's can cover all project costs with the exception of working capital. The interest on the IRB's is tax free to the purchaser of the bonds, usually banks, and results in an interest rate lower than the prime rate. These are grants to Hawkins County and are used for the development of sewer, water, natural gas, and electrical lines and site grading and rail spurs. The State of Tennessee has an excellent pre-employment training program that includes cost of instructional materials, training space and utilities, and instructors. The program is very flexible and is tailored to the individual company's needs.