Great Taxes & Incentives
Long-term growth meets increased profitability with competitive grants for workforce training, public infrastructure and economic development. Our commitment doesn’t stop there. We offer incentives to help make your decision an easy one.
Oak Ridge is business and industry friendly. Tax abatements and other incentives are critical components of successful economic development. Incentives are also key in the successful retention and expansion of existing companies and redevelopment projects.
AVAILABLE LOCAL INCENTIVES:
- PILOT (Payment in Lieu of Taxes)
- TIF (Tax Increment Financing)
- INDUSTRIAL REVENUE BONDS
State of Tennessee Incentives
In addition to the local incentives offered by the IDB, the State of Tennessee offers several competitive incentives such as Grants, Tax Credits and Exemptions, Export Assistance, Training Programs, etc. to assist economic development initiatives.
AVAILABLE STATE INCENTIVES:
- Training grants
- Infrastructure grants
- Discretionary grants covering other expenses
- Tax credits and exemptions