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Article: Tennessee Offers Tax Breaks, Incentives to Lure Businesses.
- Article from:
- Chattanooga Times/Free Press (Chattanooga, TN)
- Article date:
- April 13, 2004
CopyrightCOPYRIGHT 2004 Chattanooga Times/Free Press. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Dave Flessner
Apr. 13--With a few keystrokes on their computer, business owners quickly can calculate the tax breaks available for investments in Memphis.
A $10 million business that creates 100 good-paying jobs will get a five-year tax freeze, according to Memphis' online "tax-free calculator." A $5 million business investment that creates 50 jobs qualifies for a three-year tax abatement under the city's formula.
"In today's competitive work, we know that every prospect is looking for some incentives, and we want them to know what we have available," said R. Marc Jordan, chief executive of the Memphis Regional Chamber of Commerce. "So ...