Joint Economic and Community Development Board (JECDB)
- To develop, recommend, and direct a strategic plan of policies and action that improve the economic well-being of the community and those activities and services that support economic growth and improve the quality of life of the community's members.
- To encourage an entrepreneurial spirit among present businesses and citizens.
- To help spawn expansions of local industry and businesses.
- To seek out those enterprises that support the development of the future for the purpose of enticing them to locate in Wayne County.
- To foster an open communication among all groups in the county concerned with economic development including but not limited to, residents; present industry and businesses; governments, educators, public and private developers; and other public organizations.
Rena Purdy, TCEcD
Wayne County Chamber of Commerce/JECDB
100 Court Circle Room 301, Waynesboro, TN 38485
The Tennessee Department of Economic and Community Development’s mission is to develop strategies which help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Team Tennessee, the department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. Tennessee is the only three-time winner of “State of the Year” for economic development by Business Facilities magazine. Find us on the web: tnecd.com. Follow us on Twitter: @TNECD. Like us on Facebook: facebook.com/TNECD.
The TVA region offers a competitive business environment with business location and expansions services and benefits that include:
- Site Selection Assistance
- Regional, state and community government liaisons
- Site and building tours
- Site planning, including renderings and 3D-video modeling
- Market research
- Grant/loan funding resources
- Target industry specialists
- Energy Consultation
- Strategic central location—within 500 miles of 75% of U.S. markets
- Competitively priced electric power
- Electric transmission reliability: 99.999% every year since 2000
- Available certified sites and extensive database of land and buildings
- Diverse supply mix includes nuclear, fossil, hydro, combustion turbines and renewable
- Aggressive state incentives
- Ample supply of well-educated workers from 83 four-year colleges and universities and numerous community colleges in the region
- Strong transportation network
- Robust telecommunications connectivity, including long-haul fiber optic from multiple carriers
- Abundant water resources
- Low business and personal taxes
- Desirable Quality of Life with abundant recreational and cultural opportunities
TVA Economic Development - West Tennessee
50 North Front Street, Suite 550
Memphis, TN 38103
Site Selection's "Top Ten Utilities in Economic Development for 10 years in a row!"
The Economic Development division of the SCTDD assists communities and businesses in our 13-county region in fostering a pro-business environment that will allow for the healthy growth and development of the private sector businesses. We work closely with county and city officials to create economic opportunities for individuals and promote the advancement of the region as a whole, as well as working with individual businesses in the region to promote expansion and job retention.
One of our main functions is to assist communities and businesses to access various federal, state and local grant and loan programs to facilitate the location and expansion of businesses that can create employment opportunities for residents of the area. We have a corporation, South Central Tennessee Business Development Corporation, that is licensed by Small Business Administration (SBA) to make loans under the Section 504 Program.
Economic development includes activities that provide additional employment opportunities, increase tax revenues and/or improve the overall business climate of the area.
SBA is charged with aiding individuals start a business, and once in operation, keep it a going concern. Services in place to yield this end include counseling, capital and contracts. Free one-on-one business counseling is offered by our three resources, Small Business Development Centers, SCORE and the Women’s Business Center, strategically located throughout the state. For capital to start or expand an operation, we have SBA Guaranteed Loans disbursed by participating lenders throughout the nation. Upon meeting the bank’s lending criteria, individuals may secure up to $5,000,000 in funding. Contracting opportunities abound within the federal government with 23% of federal contract awards being designated for small businesses. To aid in government contracting, SBA has several self-certification and formal certification programs which position entrepreneurs to bid on government set-aside projects.
Economic Development Specialist
U. S. Small Business Administration
2 International Plaza Drive, Suite 500
Nashville, TN 37217
UT-CIS’ mission is to deliver solutions that help Tennessee businesses grow, succeed, and create high quality jobs. A major part of the UT-CIS mission is providing Tennessee manufacturers with the growth, performance, regulatory, and sustainability solutions they need to become more competitive and profitable in the global marketplace. We accomplish this through training, project implementation and facilitation, and coaching.
The University of Tennessee Center for Industrial Services provides consulting solutions to help companies improve and grow. Our philosophy is to assess the company needs and provide only services that are value added. We utilize the most experienced consultants and most recent technologies. Resources with industry experience and University professors are available through the coordination of CIS Solutions Consultants as needed
MTIDA (Middle Tennessee Industrial Development Association)
The Middle Tennessee Industrial Development Association is an economic development agency founded by the electric cooperative and municipal power systems in Middle Tennessee.
Guided by a board of directors, MTIDA represents and promotes industrial development in 38 Middle Tennessee counties, stretching from the Kentucky border to the Alabama state-line. The steady growth of the area's population attests to the viability of the region. [Source]
For more information on MTIDA, click here.
Our Community Data Profiles courtesy of MTIDA: