Tennessee Valley Authority Economic Development Loans Loans provide gap financing for new and expanding businesses. Valley Investment Fund Financing for minority-owned businesses. Tennessee Job Skills Grants are available to qualifying companies for the retraining costs associated with creating enhanced employment opportunities for existing employees. The Tennessee Department of Transportation offers grants to improve ingress and egress to industrial parks and industrial sites. Tennessee Industrial Infrastructure Program Grants are available to local communities to improve public infrastructure for new and expanding business.
Grants are available for improvements to water, sewer, natural gas and rail lines.
There is no sales tax on pollution control equipment in Tennessee. Work Opportunities Tax Credit Companies can take federal tax credits for hiring certain target groups such as long term welfare recipients. Other Programs Community Development Block Grant Program Financing for fixed assets for locating or expanding industry. Grant funding available to local governments for public improvements such as roads, water and sewer lines for industrial development projects. The Electric Power Board offers Enhanced Growth Credits and other efficiency-enhancing services for commercial and industrial customers.