Sound Fiscal Management
Tennessee has a long history of fiscal responsibility and budgetary discipline that crosses party lines.
Roane ECD · Advantages
Unprecedented
Business Climate
An affordable, business-friendly environment in a right-to-work state with no personal income tax.
- NO
- Personal Income Tax
- #4
- Business Climate in the U.S.
- AAA
- Bond Rating
- 50th
- Lowest in State and Local Taxes
A business-friendly community
One of America's most business-friendly states.
We are in one of America's most business-friendly states, with low debt, a balanced budget, and a strong workforce. A right-to-work state, our combination of affordability, stability, lifestyle and technological know-how attracts new businesses, from global corporations to small businesses and innovative entrepreneurs.
Workforce & education
What holds it up
The pillars of Tennessee's business climate
Postsecondary Education
Roane State Community College, Harriman's Tennessee School of Applied Technology, the nearby University of Tennessee and other colleges provide academic and workforce development support.
Economic Investment
Tennessee's budgetary discipline allows meaningful investments in education, workforce development and international business reach.
Research & innovation
Cutting-edge research, close by
With a 75-year history of research and technical excellence, we are in the heart of the new Oak Ridge - UT Innovation Institute, including Oak Ridge National Laboratory.
Oak Ridge Innovation Corridor
Adjacent to Oak Ridge National Laboratory and the Oak Ridge - UT Innovation Institute.
Low corporate taxes
6.5% corporate excise tax, 25-cent franchise tax per $100 of capital property, and 7% state sales tax.
Curious about incentives?
PILOT incentives are evaluated case-by-case for qualifying projects in Roane County.