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
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
Grant/loan funding resources
Target industry specialists
Strategic central locationundefinedwithin 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
Morgan Keegan Building
50 North Front Street, Suite 550
Memphis, TN 38103
Phone: (901) 577-2626
The TSBDC is a network that, in cooperation with resource partners, provides a single, comprehensive source for solutions to assist in the creation, management, expansion, and sustainability of businesses in Tennessee. Through its services, the TSBDC network contributes to the growth and development of Tennessee's economy by assisting with domestic and international trade issues.
Recognizing that small business is the economic backbone of the State of Tennessee, the TSBDC's mission is to be the premier provider of quality solutions to potential and existing small businesses' needs through consultation, education, referral, and support services. By providing these services through its interactive network of resource partners, the TSBDC promotes growth and prosperity in the domestic and international markets of the business community and enhances its economic impact on the State of Tennessee.
Our Guiding Principles are:
Leroy C. Cunningham
Sr. Business Development Specialist
Tennessee Small Business Development Lead Center - MTSU
3050 Medical Center Parkway
Murfreesboro, TN 37129
Phone (615) 898-2745
Fax (615) 893-7089
The Center for Workforce Development (CWD) delivers business and industry training, continuing education and other community service in southern Middle Tennessee. If you want to develop new skills, improve your organization's performance or just learn new things, you have found the right place!
You may be surprised to learn that a number of smaller Tennessee colleges and universities have a robust package of four-year online courses and programs to choose from. Schools like Johnson University and Middle Tennessee State offer at least five fully online undergraduate programs, in addition to a selection of electives and a large list of fully online graduate and two-year programs. As such schools prove how successful they can be by embracing online education, it makes sense that a large number of Tennessee schools have joined their ranks.
Learn more here: