Advantages

Business Assistance

We want to help your business grow. Our community offers multiple tools ranging from Payment In Lieu of Taxes (PILOTs) to Tax Increment Financing (TIFs) that can help facilitate local expansion and new development.

There are numerous other financing tools offered through the state of Tennessee, U.S. Department of Agriculture (USDA) – Rural Development, Tennessee Department of Economic & Community Development (ECD), U.S. Economic Development Administration (EDA) and more that we can help you utilize. Our professional economic development staff will assist you with every aspect of the site selection process.

INCENTIVE APPLICATION

Tax Advantages

    • Attractive depreciation schedules
    • Property Tax rates per $100 value:
    • City – $1.3667
    • County – $1.8998

No property tax on

    • Goods-in-progress
    • Finished goods inventories in the hands of manufacturers
    • Inventories of merchandise of sale
    • Goods-in-transit (free port)
  • 7% state sales tax plus the applicable local rate (1.50%-2.50%) on any person or company who manufactures, distributes or sells tangible personal property within the state

Tennessee’s Business Climate

Beyond what our community offers your business on a local level, we are fortunate to have a state that supports business growth. Tennessee’s business regulations and tax climate ensure you have advantages that help you succeed. We offer:

  • No personal income tax
  • No sales tax on raw material
  • No sales tax on pollution control equipment
  • No state sales tax on manufacturing equipment
  • Reduced sales tax on energy fuel used by manufacturers
  • 1% tax credit on capital equipment
  • Consistently one of the lowest per capita taxed states in the nation

But don’t just take our word for it.

  • In 2021, US News ranked Tennessee as the top state for long-term fiscal stability – which results in the continued success of government-sponsored programs, projects and quality of life for the state’s residents
  • According to US News, Tennessee ranks second in the nation for road quality, which measures the percentage of roads in excellent condition.

Contact Us

Contact us today to learn how locating in Fayetteville-Lincoln County can help your business grow.

Elaine Middleton
Executive Director
elaine@flcidb.com
Office: 931-433-0607
Cell: 931-205-2725