+ (423) 272-7668

Incentives

Local Incentives

Hawkins County Industrial Development Board offers local incentives to qualifying projects. We offer Payment in Lieu of Tax (PILOT) program to all qualifying new and existing industries. The value and terms of these incentives are determined by the criteria set forth by the IDB to qualify the project. Determining criteria includes number of jobs created, wages, and level of investment by the company.

Industrial Revenue Bonds

Hawkins County Industrial Development Board can also issue up to $10,000,000 in tax exempt Industrial Revenue Bonds (IRB’s) to expanding or new industries in Hawkins County. The IRB’s can cover all project costs with the exception of working capital. The interest on IRB’s is tax free to purchaser of the bonds, usually banks, and results in an interest rate lower than the prime rate.

Infrastructure Grants

Grants are available up to $750,000 to assist in the infrastructure cost of new or expanding industries. These are grants to Hawkins County and are used for the development of sewer, water, natural gas, electrical lines, site gradings and rail spurs.

Low Interest Loans

Loan programs are available from the Tennessee Department of Economic and Community Development, TVA, First Tennessee Development District and the Small Business Association. All programs offer interest rates below prime. Loan amounts vary and are based on the number of new jobs created.

Foreign Trade Zone

Hawkins County is in the service area of Foreign-Trade Zone No. 204.

Tennessee State Incentives

For a breakdown of Tennessee State Incentives click here http://www.tn.gov/ecd/CD_grants_loans_business.html

TVA Incentives

For a breakdown of TVA Incentives click here http://tva.com/Economic-Development/Engage

Phone: (423) 272-7668
Fax: (423) 272-0200
Office Hours:
Monday - Friday from 8:00 am to 4:00 pm

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