Tennessee

Economic policy

Since World War II, Tennessee has aggressively sought new business and industry. The Department of Economic and Community Development (ECD) helps prospective firms locate industrial sites in communities throughout the state, and its representatives work with firms in Canada, Europe, and the Far East, as well as with domestic businesses. The department also administers special Appalachian regional programs in 50 counties and directs the state Office of Minority Business Enterprise.

Tennessee's right-to-work law and relatively weak labor movement constitute important industrial incentives, as well as a low state tax burden. The counties and municipalities, moreover, offer tax exemptions on land, capital improvements, equipment, and machinery. In 2003, under the slogan "Prepare for Battle," the Tennessee ECD announced the 2003 Governor's Conference on Economic and Community Development, scheduled for September.