Greene County Incentives

Tax Abatements
Greene County offers tax abatements on specific projects that qualify through the local Industrial Development Board.  Greene County has a tax incentive program, PILOT (Payment In Lieu Of Taxes), that not only provides for property tax abatement for the initial investment but also is applicable for subsequent expansions or phases.

Infrastructure
All off-site costs, including drainage, roads and most utilities are provided at no cost to the company.

Electric
Greeneville Light and Power provides a growth credit program to new industrial users based upon project demand. The Economic Development Loan Program offered by the Tennessee Valley Authority (TVA) will provide low interest financing.  Depending upon the nature of the project with respect to job creation, capital investment and power usage, companies can borrow up to $2 million, which can be used for fixed assets, including new machinery and equipment. Loans have been made with interest rates as low as 2% - 4% below prime.  The Greene County Partnership will provide assistance with companies in the processing of the loan.

Natural Gas
Atmos Energy provides flexibility in its service and an economic development rate, depending on usage, which could save the company money during the first four years of operation.

Community Relocation Team
A team of community leaders will be assembled to help provide the following.

• Assist with short-term and long-term housing for transferring families
• Assist with spouse employment
• Provide  windshield tours of the community
• Host private receptions and luncheons for new families to meet community leaders and selected others
• Assist company with locating new suppliers and vendors
• Serve as a liaison to all pubic organizations, i.e. sewer and water department, zoning and planning offices
• Assist company in obtaining all state and local permits  

Tennessee's Competitive Incentives

• A Right-to-Work State
• Worker's Compensation Reform
• Lowest utility costs in the nation
• Consistently one of the lowest per capita taxed states in the nation
• No state sales tax on manufacturing equipment for qualified businesses
• No sales tax on pollution control equipment
• No sales tax on raw material
• No state property tax
• No property tax on work in progress or finished product inventories
• Offers an investment tax credit of 1%
• Offers a franchise tax jobs credit
• Offers accelerated depreciation on personal property
• Offers infrastructure and training grants up to $750,000
• Offers reduced sales tax on energy fuel and water for qualified manufacturers
• Offers “Double Weighting” of Tennessee sales for Franchise and Excise taxes

YOUR BOTTOM LINE: A low cost of doing business in Tennessee