About the Programs

Tennessee’s grant programs support strategic investments that drive job creation, strengthen communities, and advance long-term economic growth. From infrastructure and real property improvements to workforce training, these programs help offset costs and support companies as they locate or expand in the state. Grants are awarded based on factors such as job creation, wages, capital investment and overall community impact.

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Program Details

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FastTrack Economic Development Fund

• Benefit: Grants provided to local communities to reimburse companies for eligible expenditures such as real property acquisition, new construction and building retrofit.
• Eligibility: Used only in exceptional cases where a company’s impact on a community—measured by new job creation, capital investment or wages—is deemed significant.

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FastTrack Infrastructure Program

• Benefit: Grants provided to local governments for public infrastructure improvements on behalf of new or expanding companies. TNECD will work with local officials to identify eligible improvements such as water, sewer, gas, electric and other related infrastructure needs.
• Eligibility: Intended for public infrastructure improvements tied to projects where one or more companies commit to new job creation and capital investment. Local matching funds are required and the community must provide a Payment in Lieu of Taxes (PILOT) on real property for at least five years.

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FastTrack Bonus Incentives

•  Benefit:
• At-Risk Counties: 35% premium applied to projects that locate in counties designated as “at-risk” by the Appalachian Regional Commission.
• Distressed Counties: 50% premium applied to projects that locate in counties designated as “distressed” by the Appalachian Regional Commission.
• Eligibility: To be eligible for either premium, the project’s average starting wage must exceed the country median wage. TNECD reserves the right to approve or deny the premium based on the circumstances of the project.

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Enhanced Job Tax Credit

Provides additional annual credits for companies locating or expanding in designated Tier 2, Tier 3 or Tier 4 Enhancement Counties (see map below). Credits can offset up to 100% of F\&E tax liability.

Tier 2: Standard Job Tax Credit plus an additional $4,500 per position annual credit for three years with no carry forward.

Eligibility:

Create at least 25 net new full-time positions within a 36-month period and invest at least $500,000 in a qualified business enterprise.

Tier 3: Standard Job Tax Credit plus an additional $4,500 per position annual credit for five years with no carry forward.

Eligibility:

Create at least 20 net new full-time positions within a 36-month period and invest at least $500,000 in a qualified business enterprise.

Tier 4: Standard Job Tax Credit plus an additional $4,500 per position annual credit for five years with no carry forward.

Eligibility:

Create at least 10 net new full-time positions within a 36-month period and invest at least $500,000 in a qualified business enterprise.

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Explore Communities Across Tennessee

You've learned about the program. Now explore Tennessee communities to better understand the places where your business—and your team—could thrive.

Explore:

• LookyLOO Reviews of Tennessee Cities
• Neighborhood Guides
• Local Reviews
• Schools & Quality of Life
• Save Tennessee Markets to your Project Book

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