This discretionary grant is provided to local communities for eligible expenditures not covered by infrastructure or job training grants. The grant can help offset expenses such as relocation, temporary office space, capital improvements, and retrofitting. It is only used in exceptional cases where a company’s impact, such as net new full-time jobs* and capital investment, in a community is significant. Funds are available subject to the terms of the Accountability Agreement executed by the State, community, and company. TNECD is not able to provide incentives prior to the execution and approval of a contract. Click here for more information on the FastTrack Economic Development Loan Fund.
*A net new job is defined as 37.5 hours per week, for twelve months, with health benefits offered.