The Tennessee Department of Economic and Community Development’s mission is to develop strategies which help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen team Tennessee, the department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. Tennessee is the only three-time winner of “State of the Year” for economic development by Business Facilities magazine.

We believe in high expectations, low debt and a pro-business regulatory environment. Tennessee is proud to be a right-to-work state with no personal income tax on wages. Our state and local tax burdens are among the lowest in the country, and our state budget operates with a healthy surplus rather than a deficit.

 

Incentives for Growth

Experience incentives designed specifically with your business in mind. Lower operating costs reduce capital outlay and minimize risk. We know what it takes to earn your business. In Tennessee, we're fostering economic growth with flexible incentives and grants geared toward your investment. Click here to view all our incentives and grants.

 

We Proudly Serve the World

We’ve created an environment unbound by state borders. No other state is more competitive in recruiting foreign direct investment or in exporting products enjoyed the world over. We’ve established resources that make Tennessee accessible to any international market. Tennessee continues to proactively identify and recruit new foreign direct investment (FDI) to the state alongside efforts to increase Tennessee exports. Our state has offices courting foreign direct investment in Japan, South Korea, China, Netherlands, Germany, Italy, and the United Kingdom. We work closely with our federal partners to promote exports.

 

Links to websites outside the U.S. Federal & State Government Agencies are for the convenience of the user. Such use does not constitute an official endorsement or approval by the Federal or State government agency of any private sector website, product, or service. We have performed limited due diligence research; but we strongly recommend that you perform your own due diligence investigation and background research on any company. We assume no responsibility for the professional ability or integrity of the providers listed. We reserve the right not to list any particular company.