Paris – Henry County
Advantages
Profitability Starts Here
In Henry County, we understand that your bottom line matters. Our fiscal policy is designed to reduce overhead and encourage reinvestment. Tennessee is consistently ranked among the most fiscally responsible states in the nation, and Henry County leads the way with affordable land and utility rates.
Payment In Lieu of Tax (PILOT)
Payment in Lieu of Tax (PILOT) is an economic development tool used in Henry County, Tennessee, to encourage business investment and job creation. Through a PILOT (Payment in Lieu of Taxes) agreement, qualifying projects may receive a temporary reduction in property taxes in exchange for making significant capital investments and creating jobs. This tool helps make projects financially feasible while expanding the local tax base and supporting long-term economic growth once the PILOT period ends.
No State Income Tax
Tennessee levies 0% income tax on wages, a massive recruiting tool for your talent.
Tax Increment Financing (TIF)
Tax Increment Financing (TIF) is a public financing tool used to support economic development projects. It works by capturing the future increase in property tax revenue generated by a new development or redevelopment and using those funds to help pay for eligible project costs such as infrastructure, site improvements, or public amenities. TIF helps make projects financially feasible while allowing communities to reinvest growth back into the area.
TVA Incentives
The Tennessee Valley Authority (TVA) offers economic development incentives to help businesses locate and expand within its service area. Through partnerships with local power companies, TVA offers investment credits that reduce electricity costs based on job creation, capital investment, and power usage, as well as performance-based grants for projects with a significant economic impact. TVA also supports site readiness, workforce development, and other targeted assistance to reduce startup costs and improve long-term competitiveness.