JAPAN
3 PROJECTS | 227 JOBS | $240M CAPEX
GERMANY
3 PROJECTS | 179 JOBS | $71.8M CAPEX
SOUTH KOREA
3 PROJECTS | 858 JOBS | $389M CAPEX
AUSTRALIA
2 PROJECTS | 373 JOBS | $64.6M CAPEX
CANADA
8 PROJECTS | 2,421 JOBS | $1.01B CAPEX
13,136 JOBS COMMITTED
49% RURAL | 51% URBAN
HIGHEST RURAL % SINCE 2011
$3.98 BILLION INVESTED
54% RURAL | 46% URBAN
81.6% HIGH-QUALITY JOBS
73% ABOVE COUNTY-MEDIAN IN RURAL
89% ABOVE COUNTY MEDIAN IN URBAN
104 PROJECTS LANDED
50% RURAL | 50% URBAN
HIGHEST RURAL % SINCE 2018
INSPIRE
2023 TNECD YEAR IN REVIEW
IMPACT BY COUNTY
INTEGRITY | NURTURED RELATIONSHIPS | SERVICE TO CUSTOMERS | PASSION | INNOVATION | RESPECT | EXCELLENCE
104
PROJECTS LANDED
In 43 Counties: 29 Rural and 14 Urban
20
PROJECTS IN AT-RISK COUNTIES
Representing 2,521 Jobs and
$1.17 Billion in Capital Investment.
3
PROJECTS IN DISTRESSED PERRY COUNTY
Representing 236 Jobs and
$12.08 Million In Capital Investment
#1
BRADLEY COUNTY FOR JOBS*
Highest Number of Job Commitments: 1,567
#1
WILLIAMSON COUNTY FOR PROJECTS*
Highest Number of Projects Landed: 9
#1
HAYWOOD COUNTY FOR CAPEX*
Highest Number of Capital Invested: $747.9 M
BUSINESS DEVELOPMENT
FOREIGN DIRECT INVESTMENT
OBION
DYER
GIBSON
CROCKETT
WEAKLEY
HENRY
STEWART
HOUSTON
MONTGOMERY
ROBERTSON
SUMNER
MACON
CL AY
PICKETT
FENTRESS
OVERTON
CUMBERLAND
WHITE
PUTNAM
DEKALB
JACKSON
SMITH
WILSON
DAVIDSON
CHEATHAM
DICKSON
HICKMAN
LEWIS
PERRY
DECATUR
HENDERSON
MADSION
HAYWOOD
TIPTON
LAUDERDALE
CHESTER
MCNAIRY
HARDEMAN
FAYETTE
SHELBY
HARDIN
WILLIAMSON
RUTHERFORD
BEDFORD
MARSHALL
MAURY
HUMPHREYS
BENTON
CARROLL
COFFEE
MOORE
FRANKLIN
LINCOLN
GILES
LAWRENCE
WAYNE
CANNON
WARREN
VAN BUREN
BLEDSOE
SEQUATCHIE
GRUNDY
MARION
HAMILTON
BRADLEY
TROUSDALE
MORGAN
ROANE
RHEA
MEIGS
LOUDON
MONROE
MCMINN
POLK
SCOTT
CAMPBELL
CLAIBORNE
HANCOCK
HAWKINS
SULLIVAN
JOHNSON
CARTER
UNICOI
WASHINGTON
GREENE
COCKE
SEVIER
GRAINGER
UNION
KNOX
JEFFERSON
BLOUNT
ANDERSON
HAMBLEN
LAKE
#1 COUNTIES*
LANDED PROJECTS (COUNTIES)
East
Greater Memphis
Northeast
Northwest
69%
81%
65%
21%
N. Middle
71%
Southeast
99%
S. Middle
100%
Southwest
95%
U. Cumberland
90%
HIGH-QUALITY JOBS BY REGION
COMMUNITY & RURAL DEVELOPMENT
13% | Tier 1
21% | Tier 2
26% | Tier 3
40% | Tier 4
AWARDS BY
COUNTY TIER
320 GRANTS/SERVICES
AWARDED
84% RURAL | 16% URBAN
$102.5 MILLION
IN GRANTS & SERVICES PROVIDED
91 OF 95 COUNTIES
IMPACTED BY GRANTS
2012
26
21
18
21
17
19
15
15
11
9
10
8
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
DISTRESSED COUNTIES
74% OF RURAL COUNTIES IMPROVED THEIR ECONOMIC STATUS RANKING
NEW PROGRAMS LAUNCHED
TRANSPORTATION NETWORK GROWTH OPPORTUNITY (TNGO)
$5 Million Allocated by the TN General Assembly
95 THREESTAR CERTIFIED COUNTIES | 78 TN DOWNTOWNS | 46 TN MAIN STREETS | 66 SMARTSTART COMMUNITIES
NUCLEAR ENERGY SUPPLY CHAIN INVESTMENT FUND
$50 Million Allocated by the TN General Assembly
FUND TENNESSEE (INVESTTN, LENDTN & ASSISTTN)
$117M Allocated by U.S. Treasury (SSBCI 2.0)
SELECT TENNESSEE PROGRAMS
PROGRAM
CDBG
Historic Development
Grant Program
ThreeStar
Downtown Improvement
Grants
TN Placemakers
IMPACT
74 Communities
29 Projects
62 Counties
17 Communities
14 Communities
GRANTS AWARDED
$50.7 Million
$8.1 Million
$2.8 Million
$4.4 Million
$908,000
10 SITES
IMPROVED
Through SDG Assistance
East
Greater Memphis
Northeast
Northwest
62
19
27
31
N. Middle
26
Southeast
42
S. Middle
45
Southwest
18
U. Cumberland
39
GRANT AWARDS BY REGION
6 COUNTIES EVALUATED
Through The Property
Evaluation Program (PEP)
3 SITES
CERTIFIED
One In Each Grand Division
SDG PROGRAM
EXPANSION
Increased Grant Max To $5M and
Added Spec Building Construction
TENNESSEE ENTERTAINMENT COMMISSION
OBION
DYER
GIBSON
CROCKETT
WEAKLEY
HENRY
STEWART
HOUSTON
MONTGOMERY
ROBERTSON
SUMNER
MACON
CL AY
PICKETT
FENTRESS
OVERTON
CUMBERLAND
WHITE
PUTNAM
DEKALB
JACKSON
SMITH
WILSON
DAVIDSON
CHEATHAM
DICKSON
HICKMAN
LEWIS
PERRY
DECATUR
HENDERSON
MADSION
HAYWOOD
TIPTON
LAUDERDALE
CHESTER
MCNAIRY
HARDEMAN
FAYETTE
SHELBY
HARDIN
WILLIAMSON
RUTHERFORD
BEDFORD
MARSHALL
MAURY
HUMPHREYS
BENTON
CARROLL
COFFEE
MOORE
FRANKLIN
LINCOLN
GILES
LAWRENCE
WAYNE
CANNON
WARREN
VAN BUREN
BLEDSOE
SEQUATCHIE
GRUNDY
MARION
HAMILTON
BRADLEY
TROUSDALE
MORGAN
ROANE
RHEA
MEIGS
LOUDON
MONROE
MCMINN
POLK
SCOTT
CAMPBELL
CLAIBORNE
HANCOCK
HAWKINS
SULLIVAN
JOHNSON
CARTER
UNICOI
WASHINGTON
GREENE
COCKE
SEVIER
GRAINGER
UNION
KNOX
JEFFERSON
BLOUNT
ANDERSON
HAMBLEN
LAKE
New Certified Sites
SDG Improved Sites
PEP Participation
COUNTIES
$47 MILLION DIRECT IMPACT
1,919 Production Jobs | 1,941 Production Days
185 PROJECTS ASSISTED
Spanning Film, Tv, Music Videos,
Music Scoring, Commercials, and Animation
35 COUNTIES
Impacted By Projects
$1.6 MILLION IN GRANTS
Projected Incentive Grants For Assisted TEC Projects
NEW PROGRAMS
- Created Tennessee’s first Music Certified Program
for communities. Launching first music ecosystem
feasibility study in the Northeast region in
partnership with ETSU.
- Created and launched the first ever comprehensive
Music Industry Directory in the state
TAX CHANGES
BROWNFIELD DEVELOPMENT
CREDITS AMENDED
Now as to a Tier 3 or Tier 4 county, a credit of up to
100% against the F&E tax liability is now available
for remediation costs not to exceed $500,000 for a
brownfield project. These credits may carry
forward for up to 25 years or until used.
TENNESSEE WORK TAX ACT
- Single sales factor transition
- Includes new franchise, excise and business tax
exemptions
- Extends the carry forward provision from
15 to 25 years for the industrial machinery
tax credit, job tax credit and the brownfield credits
LARGEST BUSINESS TAX
CUTS IN STATE HISTORY
RECOGNITIONS & REACH
#3
AMERICA’S TOP STATES FOR BUSINESS
CNBC | Highest Since 2007
#4
AUTOMOTIVE MANUFACTURING
Business Facilities
#2
EV INDUSTRY INVESTMENT
Business Facilities
#5
BEST BUSINESS CLIMATE
Business Facilities
#3
BEST STATE FOR BUSINESS
Chief Executive
#6
EXECUTIVE SURVEY BUSINESS CLIMATE
Site Selection Magazine
#3
TOP STATES FOR DOING BUSINESS
Area Development
#2
ENERGY AVAILABILITY & COSTS
Area Development
#2
COOPERATIVE & RESPONSIVE
STATE GOVERNMENT
Area Development
#3
OVERALL COST OF DOING BUSINESS
Area Development
#3
WATER AVAILABILITY
Area Development
AD VIDEO PLAYS
2.1 Million U.S | 850,060 International
AD IMPRESSIONS
81.6 Million U.S | 3.2 Million International
JOB COMMITMENTS BY PROJECT TYPE
Recruitment
34%
Expansion
64%
New Startup
1%
Revised: February 28, 2024
4,927 JOBS
NEW JOBS COMMITTED
$2.1 BILLION
CAPITAL INVESTED
28 PROJECTS
FDI PROJECTS LANDED
