Incentives


Coffee County Incentives

 


 


Payment in Lieu of Tax (PILOTs)


The Industrial Board of Coffee County (IBCC) offers, to new and expanding industries of Coffee County, a Payment in Lieu of Tax (PILOT) program to abate both Real and Personal Property Taxes for qualified companies.  The terms of the PILOT program offered are established by the IBCC based on the factors that determine company’s overall economic impact on the community.

A PILOT program can also be offered to a company leasing property for industrial use, provided the leasee is responsible for the tax payment and the property owner agrees to the terms of the PILOT and passes the abatement on to the industry.

 

Development/Infrastructure Cost Assistance


The Industrial Board, along with additional participating parties (Coffee County, City of Manchester. City of Tullahoma, etc.), are willing to discuss involvement in site development and/or infrastructure expenses to offset the company’s location or expansion costs.




Permitting Assistance


The Industrial Board will provide assistance in navigating the zoning/permitting process as needed.




Industry Specific Training


Motlow State Community College (MSCC) and the area’s three Tennessee Colleges of Applied Technology (TCAT) regularly work with new and existing industries to ensure the credit curriculum is current and relevant, and to remain ready to conduct any specific non-credit training requirements.   Examples of technical programs may include mechatronics, robotics, industrial maintenance, hydraulics, pneumatics, programmable logic controls, and computer aided drafting (CAD).   As TN Board of Regents institutions, students can obtain technical certificates or earn college credit. Also, these colleges can customize any class and instruct on one of the nearby campuses, or on-site at the company’s facility.


Media Announcements


The Industrial Board in conjunction with the area Chambers of Commerce and State of TN Department of Economic and Community Development (ECD) will coordinate media announcements as the company needs.

 



Property Taxes


  • Industrial Real Property is taxed at 40% of assessed value.
  • Industrial Personal Property is taxed at 30% of assessed value.
  • Rates are per $100 of taxed value.