Food Processing
Food Processing Companies
The East Tennessee region provides an exceptional location with easy access for the food processing and distribution industry. The infrastructure is strong with a plentiful supply of municipal water, pre-treatment plants, reliable electricity, competitive pricing for electricity and natural gas, available buildings and favorable operating costs.
Additional advantages include a growing and trainable workforce, pro-business climate, and proximity to major markets.
Business Climate
Pro-business environment - Favorable business tax climate consistently in the top 1/3 of U.S. states
- Attractive state, local, and utility incentives for new job creation and capital investment
- State taxes ranking among the nation's lowest
- No state property tax
- Competitive corporate taxes
- Available targeted jobs tax credit
- Competitive gas, water, and sewer rates
- Electricity generated by the Tennessee Valley Authority at rates 19% below the U.S. industrial average
- Electricity reliability at 99.999% since 2000
- Abundant water supply
- Gas by East Tennessee Natural Gas
- Available Buildings and Sites
- Building costs 19% below the national average (RSMeans Construction Index 2012)
- Competitive lease rates
- Right-to-work state
Workforce
- Flexible, growing workforce of 570,000 in 15-county region
- Workforce of 780,000 in 32 laborshed counties
- Manufacturing workforce of 45,000 at costs 8% below the U.S. average
- More than 5,000 engineers
- Customized workforce training
- Transferable skill sets
- Competitive workers compensation rates
- FastTrack Job Training Assistance Program with training to quickly provide skilled workers
Accessibility
- Located at juncture of three major interstates: I-40, I-75, and I-81
- 70% of the US market within a day's drive
- Regional airport offers more than 120 flights daily to 19 major U.S. destinations
- Excellent access to existing network of raw materials suppliers
- Rail service by Norfolk Southern, CSX, and local short-line railroads
- US Customs Port of Entry and Foreign Trade Zone designation
Technology
- Home of the Knoxville-Oak Ridge Technology Corridor
- Access to technology research at the Oak Ridge National Laboratory (ORNL), the world's premier laboratory in advanced materials
- 16 user facilities across multiple disciplines
Resources
- Department of Food Science and Technology, University of Tennessee Knoxville
- Food Safety Center of Excellence, University of Tennessee Knoxville
- Center for Agriculture and Food Security and Preparedness
- Oak Ridge National Laboratory