We invest more in your success.
Shelbyville-Bedford is pleased to support new and expanding businesses like yours with a broad array of financial incentives that speed ROI, in a business climate that is second to none.
And as a true partner in prosperity, we look beyond inputs to help strategize the best possible enterprise outcomes, and to facilitate those outcomes. We do that first with personal, attentive service; we are invested in your success. And second, we put at your disposal our business community’s wealth of expertise and experience—a knowledge bank available at all times, so that your enterprise can profit in every way from locating and growing in Shelbyville.
Our financial incentives include:
Investment credits: Given for 5- to 10-year economic and energy benefits of startup or expansion projects, with awards credited to monthly power bills.
Performance grants: Based on economic impact of a new or expanding business, these grants are awarded directly to businesses, assuring flexibility in how the grants are used.
Loan Funds: For qualified projects, TVA loans can fill financing gaps or lower the overall cost of the startup or expansion.
Valley Investment Initiative (VII): Qualified projects in targeted sectors may be eligible for VII rewards.
Jobs Tax Credit: As a Tier 2-designated county, Shelbyville-Bedford can offer a credit of $4,500 per job to offset up to 100% of franchise and excise (F&E) taxes for qualified projects.
Industrial machinery credit: A tax credit up to 10% can be awarded for the purchase, third-party installation and repair of qualified industrial machinery.
FastTrack Job Training Assistance: For qualified projects, these state grants can substantially defray the costs of custom training.
Manufacturing sales and use exemptions: For qualified manufacturing projects, sales tax on industrial machinery may be exempted, while sales tax for utilities may be reduced.
Warehouse/Distribution center sales tax exemption: For qualified centers, sales tax may be exempted for material handling and racking systems.
Cap on franchise/inventory tax: Available for qualified distribution/warehouse facilities.
TVA INCENTIVES: Credits, grants and loans
Investment credits: Given for 5- to 10-year economic and energy benefits of startup or expansion projects, with awards credited to monthly power bills.
Performance grants: Based on economic impact of a new or expanding business, these grants are awarded directly to businesses, assuring flexibility in how the grants are used.
Loan Funds: For qualified projects, TVA loans can fill financing gaps or lower the overall cost of the startup or expansion.
Valley Investment Initiative (VII): Qualified projects in targeted sectors may be eligible for VII rewards.
TENNESSEE INCENTIVES: Exemptions, tax reductions, training funds and more.
Jobs Tax Credit: As a Tier 2-designated county, Shelbyville-Bedford can offer a credit of $4,500 per job to offset up to 100% of franchise and excise (F&E) taxes for qualified projects.
Industrial machinery credit: A tax credit up to 10% can be awarded for the purchase, third-party installation and repair of qualified industrial machinery.
FastTrack Job Training Assistance: For qualified projects, these state grants can substantially defray the costs of custom training.
Manufacturing sales and use exemptions: For qualified manufacturing projects, sales tax on industrial machinery may be exempted, while sales tax for utilities may be reduced.
Warehouse/Distribution center sales tax exemption: For qualified centers, sales tax may be exempted for material handling and racking systems.
Cap on franchise/inventory tax: Available for qualified distribution/warehouse facilities.
personal income tax on wages and salaries
Lowest state debt per capita—The Tax Foundation
Second lowest state and local taxes paid per capita—The Tax Foundation
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