Infrastructure & Energy Incentives
FastTrack Infrastructure Development Program (FIDP)
The FastTrack Industrial Development Program is Tennessee’s initiative to improve the public infrastructure needed for industry expansion or relocation. Applications must be for specific projects and must be tied to a company commitment to create or retain a defined number of jobs. Qualifying projects must involve companies engaging in manufacturing or other economic activities beneficial to the state of Tennessee. Companies for whom more than 50% of the product or service is involved in the manufacture of products for export are also eligible. FastTrack Infrastructure Development funds can be utilized to build water systems, wastewater systems, transportation systems, site improvements, technology systems, and other improvements to the physical infrastructure of a site. For more information, visit: http://www.tennessee.gov/ecd/BD_FIDP.html
Tennessee Industrial Access Road Program
Administered by the Tennessee Department of Transportation (TDOT), this grant program provides funding for access roads needed by new or expanding industries. Local governments apply for the grants on behalf of companies. Eligible activities include road design, construction and construction inspection.
Utility Incentive Rates
Memphis Light, Gas and Water (MLGW) offers electric and natural gas incentive rates to industrial operations locating or expanding in the Memphis service area. Electric incentive rates are available for new or expanding loads through the Valley Investment Initiative, Variable Price Interruptible, Time-of-Day and Limited Interruptible Power programs. A special five percent demand billing credit is available to large manufacturers exceeding 5,000 kW demand monthly. Natural gas incentive programs include the Prime Plus Program, Interruptible Gas Service and the Economic Development Discount Rider.
Valley Investment Initiative (VII)
The Valley Investment Initiative (VII) is an economic development incentive jointly offered by the Tennessee Valley Authority and its distributors. The Valley Investment Initiative rewards end-use power customers in targeted business sectors who make a long-term commitment to the economic development of the Valley. For more information, visit www.TVAed.com/vii.