What does Tennessee Economic Development do?

The Tennessee Department of Economic and Community Development (TNECD) is a state agency dedicated to enhancing Tennessee's economic landscape. Its mission focuses on job creation, capital investment, and community development, aiming to position Tennessee as a leading destination for high-quality jobs in the Southeast. TNECD operates in a pro-business environment, promoting low taxes and a right-to-work status to attract both domestic and international companies. TNECD offers various programs and incentives to support economic growth, including FastTrack grants for job creation, site development assistance, and initiatives for downtown revitalization and broadband expansion. The agency collaborates with local economic development districts and universities to maximize its impact. TNECD also tracks its performance through interactive dashboards, providing transparency and data on economic progress and community investments. Recent projects highlight its role in significant investments and expansions, showcasing a commitment to fostering a robust manufacturing sector and supporting local businesses.