Every project, whether it be a new recruitment to our community or the expansion of an existing industry, is evaluated on a case-by-case method to determine incentive eligibility. In order for the Chamber's economic development team to determine if your project is eligible to receive incentives, we will need to know the following general project information: total proposed capital investment, number of net new jobs to be created, and wages of the newly created jobs.
Incentives typically fall into three main categories:
- Infrastructure - public utility extensions and upgrades, industrial access roads, railroad spurs, etc.
- Workforce training funds
- Tax credits
Incentives are provided by many different entities including: the State of Tennessee Department of Economic Development, Tennessee Valley Authority, and the local governments of Knoxville and Knox County.
The Chamber's economic development team will work with our partners, and you, to make sure that you are aware of and receive the incentives for which your project qualifies.
Please contact Doug Lawyer for more information.