BUSINESS FRIENDLY TAXES
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
Manufacturing wages 17% below the national average
Below the national average for Workers Compensation costs
Tennessee is a Right-To-Work state
Chattanooga is known as “Gig City” because Chattanooga has the fastest internet service in the western hemisphere.
PER AREA DEVELOPMENT MAGAZINE, IN 2020, TENNESSEE IS...
for Energy Availability & Costs
best state for doing business
for Most Favorable Regulatory Environment
for Logistics & Infrastructure
for Overall Cost of Doing Business
for Corporate Tax Structure
lowest cost of living
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.
Less than 2 hours from Atlanta, Nashville, and Knoxville.
Less than 2 hours from Atlanta Hartsfield Jackson International Airport, the world’s busiest airport.
Less than 5 hours from Charlotte, Memphis, Cincinnati, Louisville, Birmingham, Greenville-Spartanburg, and Lexington.
Less than 6 hours from the port cities of Savannah and Charleston.
DRIVE TIME: 10, 20, 30 MINUTES