Economic Incentives & Tax Credits
High impact incentives for small businesses in Tennessee
From quality music, to legendary whiskey to world class cars, Tennessee is recognized around the world for the high quality of our craftsmanship and the artisan strength of our workforce. Tennessee exports more than $38 billion in manufactured goods annually. Our largest categories of exported products include medical equipment and supplies, pharmaceuticals, and navigational equipment. Tennessee, aims to foster economic growth with flexible incentives and grants geared toward business investment.
Top tax incentive programs for small and medium-sized businesses in Tennessee
FastTrack Economic Development Fund
Provides discretionary grants to local government agencies to reimburse a business for project-related expenditures that are not covered by grants offered by the FastTrack Job Training Assistance and FastTrack Infrastructure programs
FastTrack Infrastructure Program
FastTrack Infrastructure Program: Provides discretionary grants to local government agencies for public infrastructure improvements that will benefit at least one company.
FastTrack Job Training Assistance Program
Provides discretionary grants to Tennessee companies to support the training of net new full-time employees.
Headquarters Tax Credit
A headquarters tax credit is available to taxpayers establishing a qualified headquarters facility in this state.
Industrial Machinery Exemption for Manufacturers
Tennessee allows for an exemption of sales tax on industrial machinery purchased by a qualified manufacturer or processor.
Tennessee Job Tax Credit
A standard job tax credit is available to taxpayers that invest in Tennessee and create jobs as a result of the investment.
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Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.