Cumberland County negotiates incentives on a case-by-case basis because every project is unique. Qualified projects can receive tax, land, and utility incentives that are mutually beneficial for the local community and your company. All projects undergo a detailed cost-benefit analysis to measure their impact on the community and to determine the type and amount of incentives offered for any given project. This analysis is based on the number of employees, wages, industry, real property investment, and personal property investment.
Crossville and Cumberland County offer tax abatements or payment in lieu of taxes (PILOT) to qualified projects. The results of a cost- benefit study establish the amount of abatement for each project.
Extension or upgrades to water, sewer, electric, or gas lines can be provided for appropriate projects at reduced or no cost. The availability of this incentive is based on both the economic impact of the project and the specific usage of each utility.
For publicly owned properties, land may be offered at a discounted rate. As with all incentives, the discounted rate is based on the results of a cost-benefit study performed by the community. Any discounted land price must be approved by the public entity that owns the land. Approved projects are eligible for a $5,000 per job reduction of the purchase price of the land.