Economic and Community Development

Growing our region’s economy and advancing sustainable community development are at the core of our mission. To ensure our region continues to thrive, we support projects and concepts that enhance quality of place, making Chattanooga and Hamilton County more attractive for living, working, and growing business.

STABLE TAX ENVIRONMENT


  • Monitor effects of the federal tax law effects and subsequent state decoupling

PAYMENT IN LIEU OF TAX AND TAX-INCREMENT FINANCING


  • Support the use of Payment In Lieu of Tax (PILOT) projects as an economic development tool to advance job creation and maintain Chattanooga’s competitiveness in recruiting new businesses to the area
  • Support Tax Increment Financing (TIF) as an economic development incentive and financing tool
  • Commitment to working with the state, city, and county to develop additional innovative solutions that will incent economic growth and ensure competitiveness
  • Support local government participation in industrial site and business park development, to further support new business recruitment and retention and expansion of existing businesses  

QUALITY OF PLACE


  • Support enhanced community amenities and assets which foster talent retention and attraction
  • Chattanooga is known nationwide as one of the least expensive cities to start a business. We will continue to partner with Hamilton County government to maintain the impact of the INCubator while supporting policies that keep barriers to entrepreneurship minimal 

BLIGHT REMOVAL AND INFILL DEVELOPMENT  


  • Support blight removal and increased infill development to grow our city’s tax base and improve economic development opportunities

DOWNTOWN DEVELOPMENT


  • Work with our education and community partners to plan and support the health and wellness district, including a health sciences anchor project

REGIONAL COLLABORATION


  • Work within the framework of the Greater Chattanooga Economic Partnership to support improved regional collaboration on issues affecting the greater Chattanooga region 

INCREASE BROADBAND ACCESS


  • While Chattanooga/Hamilton County is fortunate to offer residents some of the fastest internet in the nation, we realize internet access is still a struggle for many Tennesseans. We support increased statewide investment in broadband telecommunications infrastructure, specifically in more rural areas, which we’ve seen as critical to education, healthcare, and business retainment and recruitment efforts in our state and region.

LAND USE


  • Support policies and zoning initiatives that provide support and increased availability of manufacturing sites 
  • Support efforts to locate upwards of 500 acres of Greenfield and brownfield sites to make shovel ready for further economic development (CC)