Eligible Businesses

  • Manufacturing
  • Distribution
  • Services
  • Must be a for-profit corporation, partnership or sole proprietorship.

Eligible Purposes

  • Acquisition of machinery and equipment
  • Construction or acquisition of a building
  • Acquisition of land (actual costs)
  • Parking lots
  • Utility Installation
  • Contingency fund of not more than 10% of the construction costs
  • Associated professional fees such as appraisal, environmental and legal
  • Repayment of interim financing interest
  • Permanent working capital

Ineligible Businesses

  • Retail businesses
  • Restaurants
  • Passive investment companies
  • Non-profit corporations
  • Unregulated media firms
  • Hotels
  • Recreation businesses



Northeast Tennessee Economic Development Corporation