With a city population of just under 200,000 and a county-wide population nearing 500,000, Knoxville is a vibrant metro offering plenty of economic opportunities, making it one of the best places in the U.S. invest in!
- No personal income tax
- No state sales tax on manufacturing equipment for qualified businesses
- No sales tax on raw material
- Reduced sales tax on energy fuel and water for qualified manufacturers
- “Double weighting” of Tennessee sales for franchise and excise taxes
- 1% tax credit on capital equipment
- Jobs tax credit of $4,500 per employee
Knoxville is also investing in its future by evaluating and improving roads, sewer infrastructure, parks, public facilities, and housing development. The commercial investment opportunities abound in this reviving economy! At Proactive Lending, we look forward to supporting you along the way to making your investment dreams a reality. Call our specialists and ask about the commercial funding packages available … we listen to all your plans, so bring the details!
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