Knox County is uniquely situated to provide businesses with an unrivaled quality of life and a favorable operating climate. To further enhance the business environment, Knox County provides a variety of incentives. Additional incentives and programs are available through the State of Tennessee and the Tennessee Valley Authority (TVA). TDC administers the local programs and provides assistance with the State and TVA programs.

Local Incentive Programs

Tax incentives for newly recruited businesses are necessary to compete with other communities. Knoxville and Knox County each provide two primary types of tax incentives:  Tax Increment Financing (TIF) and Payment-In-Lieu-Of-Taxes (PILOT).  Both are performance-based and have time limits, depending on location and type of project.

Learn more about Knox County and the City of Knoxville's Local Incentive Programs

Other Assistance Programs

State of Tennessee While the State of Tennessee assesses a variety of taxes, including sales and use taxes, it also provides businesses with a variety of incentives to operate in the state. Tennessee has been called the nation’s most competitive state for business. Tennessee is focused on encouraging highly-skilled, high-paying jobs throughout the state.   Learn more about Community and Economic Development incentives offered by the State of Tennessee.

TVA Economic Development Programs TVA Economic Development is the source for locating or expanding your business in the Tennessee Valley region. They assist with selection, relocation, development and recruitment information for businesses seeking to locate in the region. Additionally, TVA provides a variety of support services to help existing businesses grow and flourish in the Tennessee Valley. Learn more about TVA's Economic Development Programs