Department of
Economic & Community Development
Matthew Kisber, Commissioner

FastTrack Infrastructure Development Program

Local communities that apply to ECD with a goal of improving public infrastructure in order to create new jobs and business investment may be eligible to receive FastTrack Infrastructure Development Program (FIDP) funds. With some exceptions, applications must be for specific projects and must be tied to a company commitment to create or retain a defined number of jobs. Qualifying projects must involve companies engaging in manufacturing or other economic activities beneficial to the state of Tennessee. Companies for whom more than 50% of the product or service is involved in the manufacture of products for export are also eligible. FIDP grants require local community matching funds calculated along a varying scale based on a community’s ability to pay. See the Program Guidelines for more information.

FIDP funds can sometimes help BEFORE a project is underway. They can be utilized by communities to construct public infrastructure to community-owned speculative buildings and to speculative industrial areas and industrial parks. To qualify, a community must be located in a Tier 1, Tier 2 or Tier 3 Economically Distressed County:

Tier 1 Distressed Counties: each new job created will receive $4,500 in tax credits with a 15-year carry forward when 25 or more new jobs are created.

Tier 2 Distressed Counties: each new job created will receive $4,500 in tax credits with a 15-year carry forward, plus an additional 3 years at $4,500 in tax credits per job with no carry-forward when 25 or more new jobs are created.

Tier 3 Distressed Counties: each new job created will receive $4,500 in tax credits with a 15-year carry forward, plus an additional 5 years at $4,500 in tax credits per job with no carry-forward when 25 or more new jobs are created.