______ County provides several forms of incentives to encourage business growth in the community. They include
- Payment in Lieu of Tax (PILOTs). The Industrial Board of _______ County (IB_C) offers, to new and expanding industries of ______ County, a Payment in Lieu of Tax (PILOT) program to abate both Real and Personal Property Taxes for qualified companies. The IB_C establishes the terms of the PILOT program offered based on the factors determining the company’s overall economic impact on the community. A PILOT program can also be offered to a company leasing property for industrial use, provided the lessee is responsible for the tax payment and the property owner agrees to the terms of the PILOT and passes the abatement on to the industry.
- Development/Infrastructure Cost Assistance. The Industrial Board and additional participating municipalities are willing to discuss involvement in site development and/or infrastructure expenses to offset the company’s location or expansion costs.
- Permitting Assistance. The Industrial Board will provide assistance in navigating the zoning/permitting process as needed.
- Industry Specific Training. The local Community College and the area’s three Tennessee Colleges of Applied Technology (TCAT) regularly work with new and existing industries to ensure the credit curriculum is current and relevant and to remain ready to conduct any specific non-credit training requirements. Examples of technical programs may include mechatronics, robotics, industrial maintenance, hydraulics, pneumatics, programmable logic controls, and computer-aided drafting (CAD). At TN Board of Regents institutions, students can obtain technical certificates or earn college credit. Also, these colleges can customize any class and instruct on one of the nearby campuses or on-site at the company’s facility.
- Media Announcements. The Industrial Board, in conjunction with the area Chambers of Commerce and the State of TN Department of Economic and Community Development (ECD), will coordinate media announcements as needed by the company.