The Chattanooga Chamber’s economic development staff can facilitate resolution of permitting issues to ensure an efficient construction approval process.
Foreign Trade Zone
Companies located within a foreign trade zone or foreign trade sub-zone can eliminate, reduce or defer customs duties on imported and/or exported products. Foreign Trade Zone 134 includes Centre South Riverport Industrial Park, Enterprise South Industrial Park, and several other industrial sites in Chattanooga/Hamilton County and industrial parks in neighboring Marion and Bradley Counties and Warren County in Middle Tennessee. FTZ 134 encompasses over 5,000 acres.
Property Tax Abatement
Local incentives are offered by the Chattanooga and Hamilton County governments in the form of a payment in lieu of tax (PILOT) program for new & expanding businesses. This incentive allows qualified businesses to substantially reduce their local real and/or personal property taxes for new investments in real and personal property. Typically, projects must have an investment value of at least $5 million in new real and personal property and create 50 or more new jobs with wages equal to or greater than the average wage in Hamilton County as reported by the U. S. Department of Labor.
Once a client is able to share information on the type of project, proposed capital investment, new jobs, and payroll, the Chattanooga Chamber can readily provide a preliminary commitment with regard to tax abatement and land cost. The city and county are prepared to offer some form of tax abatement in combination with a competitive land cost for manufacturing companies interested in locating in Chattanooga.