Doing Business in Tullahoma

Doing Business in Tullahoma

Access to Capital
Business Resources
Entrepreneurship

The City of Tullahoma and Tullahoma Area Economic Development Corporation (TAEDC) offer several resources and assistance to individuals seeking to start a business or re-locate a commercial or industrail business to the city.

Tullahoma Business Guide
Tullahoma Planning & Development
Commercial & Industrial Loan Application
Retail Sign Grant Application

Business licenses can be obtained at City of Tullahoma Municipal Building located at 201 West Grundy Street. 
Permitting and zoning information can be obtained at the Planning and Codes office located at 321 North Collins Avenue.

For assistance and review of business and marketing plans, contact the Tullahoma Area Economic Development Corporation at info@thinkTullahoma.com or call (931) 455-2282. Confidential site selection services are also offered through the TAEDC.

Access to Capital

Tullahoma is home to one of Tennessee’s nine INVESTCO’S.

NEST-TN, L.L.C. (NEST-TN) is a seed and early-stage venture capital firm started in 2009 by Fran F. Marcum, Managing Partner of Marcum Capital of Tullahoma, Tenn. In 2010, the State of Tennessee certified NEST-TN as a TNInvestco, awarding a $20 million state tax credit allocation for the purpose of investing in young Tennessee-based companies.

NEST-TN has a state-wide focus on young companies specializing in advanced manufacturing and materials, energy and environmental clean technologies, and information and digital media technologies.

The NEST-TN investment managers include Fran F. Marcum, Cameron A. Newton, E. Brac Thoma, Richard A. Bendis, Matthew A. Wiltshire, and Joseph P. Binkley III.

 

For more information:

TNInvestco Program

Southern Middle Tennessee Entrepreneur Center

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Business Resources

The City of Tullahoma offers several resources to both existing and new businesses within it’s corporate limits:

Tennessee Gov. Bill Haslam and ECD Commissioner Bill Hagerty launched the Jobs4TN economic development plan to help make Tennessee the No. 1 location in the Southeast for high quality jobs. As part of the plan, four key strategies were identified including investing in innovation.

INCITE

On May 5, 2011, Governor Bill Haslam introduced a $50 million initiative called INCITE designed to support innovation across the state. The program will raise Tennessee’s profile in innovation-based economic development and drive growth in the creation of knowledge-based jobs.

The strategy is called INCITE for its focus on five key areas – innovation, commercialization, investment, technology and entrepreneurship.

Innovation

  • Integrate innovation into the economic strategy of each of the state’s nine economic regions created by the Jobs4TN strategy
  • Work with the Launch TN to engage with key stakeholders on innovation and to host an annual Governor’s Conference on Innovation Commercialization
  • Invest in key research opportunities to build innovation networks and work with the private sector to translate Research & Development into high-quality jobs
  • Move new products and technologies from the research lab to the marketplace faster
  • In March 2011, Governor Haslam announced $10 million in funding for the Memphis Research Consortium to enhance commercialization partnerships as a first step in this process and to grow the number of jobs in research across the state
  • Innovation-Launch Tennessee

Investment

  • Leverage existing programs such as TNInvestco and Pathway Lending
  • Focus on assisting Tennessee companies with access to early stage capital, using $30 million in state and federal funding to create a early stage, seed and mezzanine capital co-investment funds. ECD has released draft program guidelines for the INCITE Co-Investment Fund, found online atwww.tn.gov/ecd/pdf/INCITE_Fund_Draft.pdf. Comments or feedback will be accepted electronically through Dec. 9, 2011 at ECD.Innovation@tn.gov. Read more here.
  • Provide capital for low interest loan funding which can help a company build the critical mass necessary to succeed

Technology

  • Support the continued expansion of technology-based clusters across the state (e.g., biotech, biomedical, life sciences, cleantech, information technology)
  • Work with regions to integrate technology-based economic development into each region’s strategic plan

Entrepreneurship

  • Startup Tennessee was created as a public-private partnership that connects and provides consulting support to statewide accelerators and entrepreneurs as another means to grow the state´s entrepreneurial ecosystem. The program leverages best practices and the national network of the Startup America Partnership. For more information on Startup Tennessee, please visit the program website.
  • Nine Regional Entrepreneurial Accelerators have been created in each Jobs4TN Jobs Base Camp to provide Tennessee entrepreneurs with mentoring, education and training, strategic and technical support, and assistance identifying sources of capital. Click here for more information on the accelerators and their locations.

For more information:

TN Smart Start Guide

Business Plan Startups SCORE

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Entrepreneurship

The Tullahoma Area Economic Development Corporation hosts an Entrepreneurship Center for individuals looking to start their own business. This free consultation offers tips on incorporating, developing a business plan, and provides resources and strategies for potential startups.

In addition, Tullahoma is home to one of the nine regional entrpreneurial accelerators located in Tennessee.

Additional state resources include the following:

  • Startup Tennessee was created as a public-private partnership that connects and provides consulting support to statewide accelerators and entrepreneurs as another means to grow the state´s entrepreneurial ecosystem. The program leverages best practices and the national network of the Startup America Partnership. For more information on Startup Tennessee, please visit the program website.
  • Nine Regional Entrepreneurial Accelerators have been created in each Jobs4TN Jobs Base Camp to provide Tennessee entrepreneurs with mentoring, education and training, strategic and technical support, and assistance identifying sources of capital. Click here for more information on the accelerators and their locations.
  • Launch Tennessee

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