BUSINESS FRIENDLY TAXES
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No state income tax on interest or dividends effective January 1, 2021
- No state tax on finished goods inventory
- No state income tax on ordinary income
COST OF EMPLOYMENT
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Manufacturing wages 17% below the national average
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Below the national average for Workers Compensation costs
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Tennessee is a Right-To-Work state
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Chattanooga is known as “Gig City” because Chattanooga has the fastest internet service in the western hemisphere.
WHY CHATTANOOGA?
PER AREA DEVELOPMENT MAGAZINE, IN 2020, TENNESSEE IS...
1st
for Energy Availability & Costs
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2nd
best state for doing business​
2nd
for Most Favorable Regulatory Environment
3rd
for Logistics & Infrastructure
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3rd
for Overall Cost of Doing Business​
3rd
for Corporate Tax Structure
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6th
lowest cost of living
3rd
most Competitive Labor Environment
NOTABLE CORPORATE NEIGHBORS
SOURCES - AreaDevelopment.com, WorldPopulationReview.com, ChattanoogaChamber.com, TimesFreePress.com, bls.gov, nytimes.com
ACCESS + LOCATION
Immediate access to I-75, I-24, and I-59. I-75 in Chattanooga has an AADT (Average Annual Daily Traffic) over 130,000.
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Less than 2 hours from Atlanta, Nashville, and Knoxville.
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Less than 2 hours from Atlanta Hartsfield Jackson International Airport, the world’s busiest airport.
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Less than 5 hours from Charlotte, Memphis, Cincinnati, Louisville, Birmingham, Greenville-Spartanburg, and Lexington.
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Less than 6 hours from the port cities of Savannah and Charleston.
DRIVE TIME: 10, 20, 30 MINUTES
10 MINUTES
POPULATION: 43,915
20 MINUTES
POPULATION: 268,611
30 MINUTES
POPULATION: 499,670