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Community Data & Locational Advantages

Chattanooga, Tennessee is strategically located in the Southeast in the heart of the beautiful
Tennessee Valley. Chattanooga has gained national and international recognition for its innovative programs, public/private partnerships and commitment to growing businesses.

Population
2005 2006 2007 2008 2009 Chattanooga Hamilton County Chattanooga MSA* 165,927 323,740 502,842 168,293 328,551 510,542 169,847 331,117 515,810 170,819 334,123 520,089 171,349 337,175 524,303 50-mile radius 1,034,187 1,034,025 1,047,177 1,060,581 1,107,374 100-mile radius 5,713,540 5,816,469 5,949,769 6,126,730 6,263,531

Source: U.S. Census Bureau, DemographicsNow

Climate
Annual Average Temperature (avg. low 50.2 degrees, avg. high 70.6 degrees) Annual Rainfall Annual Snowfall Prevailing Wind Direction Average Elevation (Downtown)
Source: NOAA, National Climatic Data Center, Local Climatological Data

60.5 degrees 51.8 inches 2.8 inches South 675 feet

Land Area
Counties in the Chattanooga MSA* Square Miles Hamilton (includes the City of Chattanooga: 124) 543 Marion 500 Sequatchie 266 Catoosa 162 Dade 174 Walker 446 TOTAL 2,091
Source: U.S. Census Bureau

Per Capita Income


2010 Hamilton County Chattanooga MSA* $27,428 $25,177

Source: DemographicsNow

Job Growth
Non-Agricultural Employment Chattanooga Metropolitan Statistical Area (MSA*) Annual Averages. 2005 2006 2007 2008 2009 240,800 245,500 247,500 245,800 226,100

Source: U.S. Department of Labor, Bureau of Labor Statistics

Unemployment Rates
Annual Averages U.S. 5.1 4.6 4.6 5.8 9.3 TN 5.6 5.2 4.8 6.4 10.5 Chattanooga MSA* Hamilton County 4.8 4.7 4.4 4.4 4.2 4.1 5.7 5.5 9.4 9.1

2005 2006 2007 2008 2009

Source: U.S. Department of Labor, Bureau of Labor Statistics

Transportation
Railroads CSX Corporation and Norfolk Southern Switching facilities are available throughout the area. Ground Interstate Highways: I-75, I-24, I-59 U.S. Highways: 11, 27, 41, 64, 72, 76, 127 State Highways: 2, 8, 17, 27, 29, 38, 58, 60, 134, 148, 153, 312, 316, 317, 318, 319, 320, 321, 389 More than 70 motor freight companies and 4 freight terminals. Air Major/National & Regional/Commuter Airlines include: Allegiant Air, American Eagle, Delta Connection, Northwest Airlinks and U.S. Airways Express Chattanooga Metropolitan Airport provides service to Atlanta, Charlotte, Chicago, Dallas, Ft. Lauderdale, Memphis, Orlando, Tampa/St. Pete and Washington D.C. Water Tennessee River three public port terminals. Connecting to ports along the Tennessee, Mississippi, Missouri and Ohio Rivers and the Gulf of Mexico. Foreign Trade Zone Foreign Trade Zone Number 134 provides an option for businesses seeking to manage operating costs.

Businesses in the Chattanooga MSA*


Chattanoogas diverse economy is strong. In the MSA*, nearly 23,000 businesses employ over 200,000 people and generate nearly $30 billion in annual sales. Business Count 1,805 1,087 10,798 849 2,148 1,155 3,950 565 12 357 22,726 Total Empl. 14,464 31,211 74,360 15,351 12,638 10,178 38,518 1,828 82 14,953 213,583 Total Sales (in $ millions) 16,896.8 2,603.9 4,250.0 1,647.4 1,780.8 1,369.6 1,283.1 77.5 0.8 N/A 29,909.90

All MSA* Businesses Finance, Insurance, and Real Estate Manufacturing Services Transportation and Public Utilities Construction Wholesale Trade Retail Trade Agriculture, Forestry, and Fishing Mining Public Administration TOTAL
Source: Dun & Bradstreet ZapData; data as of 8/10

Manufacturing
The manufacturing sector has over 1,200 companies in 19 industry segments. MSA* manufacturing companies employ over 34,000 people and generate nearly $3 billion in annual sales.

SIC 2 Digit Code 20 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 TOTAL

Food and Kindred Products Textile Mill Products Apparel, Finished Products from Fabrics & Similar Materials Lumber and Wood Products, Except Furniture Furniture and Fixtures Paper and Allied Products Printing, Publishing and Allied Industries Chemicals and Allied Products Petroleum Refining and Related Industries Rubber and Miscellaneous Plastic Products Leather and Leather Products Stone, Clay, Glass, and Concrete Products Primary Metal Industries Fabricated Metal Products, Except Machinery & Transport Equipment Industrial and Commercial Machinery & Computer Equipment Electronic, Electrical Equipment & Components, Except Computer Equipment Transportation Equipment Mesr/Anlyz/Cntrl Instrmnts; Photo/Med/Opt Goods; Watchs/Clocks Miscellaneous Manufacturing Industries

Business Count 46 60 45 76 34 26 200 92 21 25 11 61 41 110 173 48 28 51 99 1,247

Total Empl. 7,124 4,226 262 503 679 1,840 1,738 2,768 210 2,242 94 855 1,034 2,540 3,507 1,966 1,334 669 933 34,524

Total Sales (in $ millions) 53.8 302.4 16.3 60.1 30.8 70.4 111.3 529.8 12.7 34.6 4.5 25.1 27.1 129.2 912.7 61.7 280.8 50.6 52.5 2,766.4

Source: Dun & Bradstreet ZapData; data as of 8/10

Employment Costs
Average Pay by Sector Hamilton County (2009) Manufacturing Construction Trade, Transportation & Utilities Financial Activities Information Retail Trade Wholesale Trade Professional & Business Services Education & Health Services Other Services Leisure & Hospitality TOTAL AVERAGE Avg. Weekly Wage $905 $886 $634 $1,143 $826 $496 $982 $729 $847 $548 $297 $761 Avg. Annual Wage $47,035 $46,066 $32,954 $59,421 $42,947 $25,805 $51,062 $37,887 $44,047 $28,509 $15,419 $39,569

Source: U.S. Department of Labor, Bureau of Labor Statistics Note: Average weekly and annual wage figures do not include any benefits.

Workers Compensation
Tennessee ranks below the national average of all states in workers compensation costs per $100 of payroll. The Tennessee General Assembly is continually seeking ways to increase competition and decrease workers compensation costs for Tennessee businesses. Effective in July 2005, comprehensive workers compensation reform legislation became law which instituted a medical fee schedule, simplified administrative hearing procedures, and led to a steady decline in overall employer costs.
Source: Tennessee Department of Labor and Workforce Development, Workers Compensation Division

Employment Taxes
Tennessee has no state income tax on wages and no payroll tax. Federal income tax, FICA, Medicare and federal unemployment taxes are administered as in any other state. The state unemployment tax is a maximum of 2.7 percent for all industries, except construction and mining, on the employees first $9,000 of earnings each year; any income over that amount is exempt. Manufacturing employers who have been in business less than three years are taxed at a rate of 6.5%.
Source: Tennessee Department of Labor and Workforce Development, Employment Security Division

Retail Sales
Hamilton County (in $ millions) 2005 2006 2007 2008 2009 $4,942.8 $5,328.4 $5,468.5 $5,438.4 $4,754.6

Source: Tennessee Department of Revenue

Total New Construction


Chattanooga MSA* - Valuation (in millions) Residential Non-Residential 2005 $582.5 $209.8 2006 $542.8 $221.3 2007 $442.4 $356.3 2008 $250.7 $169.7 2009 $241.2 $339.6 Chattanooga MSA* - Square Feet (in millions) Residential Non-Residential 2005 7.546 2.282 2006 6.741 2.060 2007 5.491 3.274 2008 3.128 1.637 2009 2.916 3.630
Source: F.W. Dodge Division, McGraw-Hill Companies

Real Estate
Rent Per Square Foot Per Year 2009 Industrial Bulk Warehouse Manufacturing High-Tech/R&D Downtown Office New Construction (AAA) Class A (Prime) Class B (Secondary) Suburban Office New Construction (AAA) Class A (Prime) Class B (Secondary) Development Land Office in CBD (per buildable SF) Land in Office Parks Land in Industrial Parks Office/Industrial Land non park Retail/Commercial Land
Source: NAI Charter Real Estate Corporation

Low $2.25 $2.40 $6.00 Low n/a $17.00 $12.00 Low $18.00 $18.00 $12.00

High $3.25 $3.50 $10.00 High n/a $22.00 $16.00 High $22.00 $20.00 $16.00

Effective Avg. $2.50 $2.80 $7.00 Effective Avg. n/a $19.00 $14.00 Effective Avg. $20.00 $19.00 $14.00

Vacancy 12.0 5.0 5.0 Vacancy n/a 7.0% 12.0% Vacancy 10.0% 10.0% 15.0%

Low (Price/Acre) $650,000 $125,000 $65,000 $100,000 $200,000

High (Price/Acre) $1,200,000 $250,000 $125,000 $300,000 $1,500,000

Education
Hamilton County Schools (2009-2010) Number of Elementary Schools Number of Middle/High Schools Number of Adult High Schools Total Student Enrollment Total Number of Teachers Faculty with Advanced Degrees Per Pupil Expenditure Teacher-Student Ratio College Entrance Exam Scores (2009) Hamilton County Schools Tennessee National Average
Source: Tennessee Department of Education

45 14/16 1 39,247 2,811 1,507 $9,334 1:14 ACT 19.0 20.6 21.1 SAT -1,701 1,509

Private and Parochial Schools


There are 34 private and parochial schools in the Chattanooga area with combined enrollment of nearly 11,000.
Source: Hamilton County Department of Education Annual Financial Report

Colleges & Universities


University of Tennessee at Chattanooga Fall 2009 Enrollment 10,526 Degrees More than 40 undergraduate, 19 graduate, 1 specialists and 3 doctorate degrees programs. More than 50 majors of study toward degrees and certificates. 50 undergraduate degrees and 10 graduate degrees. 26 undergraduate and one graduate degree program Over 40 different majors toward undergraduate and graduate degrees.

Chattanooga State Technical Community College Southern Adventist University

11,740

2,891

Covenant College

1,006

Tennessee Temple

505

Source: Individual Schools

Tax Structure Local


Property Tax Chattanooga City Hamilton County TOTAL $2.3090 per $100 of assessed value $2.7652 per $100 of assessed value $5.0742 per $100 of assessed value

Ratio of Assessment Chattanooga Hamilton County Residential 25% 25% Commercial & Industrial Real 40% 40% Commercial & Industrial Personal 30% 30% Hamilton County Municipal Rate Chattanooga Collegedale East Ridge Lakesite Lookout Mountain Red Bank Ridgeside Signal Mountain Soddy-Daisy Walden Unincorporated Hamilton County $2.3090 $1.1580 $1.1227 $0.2400 $1.4700 $1.1001 $1.9000 $1.5134 $0.6860 $0.4400 $2.7652

Source: Hamilton County Assessor of Property, 2010 Tax Rates

Sales Tax Chattanooga Collegedale East Ridge Lakesite Lookout Mountain Red Bank Ridgeside Signal Mountain Soddy-Daisy Walden Unincorporated Hamilton County Tennessee State Sales Tax Sales Tax - Other MSA* Counties Marion, TN Sequatchie, TN Catoosa, GA Dade, GA Walker, GA Georgia State Sales Tax

2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 7.00% 2.75% 2.25% 3.00% 3.00% 3.00% 4.00%

Source: Tennessee Department of Revenue, Georgia Department of Revenue. Rates effective April 1, 2009.

Tax Structure State of Tennessee


Sales Tax State tax 5.5% tax on food and food ingredients; 7% on all other tangible personal property unless specifically exempted. None. Property taxes are assessed and collected by the local governments. 6.5% of Tennessee taxable income 0.25% of the greater of net worth or real and tangible property in Tennessee. The minimum tax is $100. 0.00% to 10% of first $9,000 of wages paid to each employee in a calendar year. New employers (other than construction and mining) are taxed at a rate of 2.7%. New employer rate applies for the first three years before moving to an experience-based rate. None on finished good inventory. Varies based on the type of business. No income tax on wages. Taxable dividend and interest income area taxed at the rate of 6.0%. The first $1,250 on an individual return and the first $2,500 on a joint return are not taxed.

Property Tax

Excise Tax Franchise Tax

Unemployment Compensation Tax

Inventory Tax

Personal Income Tax

Source: Tennessee Department of Revenue

Tax Structure State of Georgia


Sales Tax 4.0% (includes: natural gas, oil gasoline, telephone, artificial gas, steam, electricity, and rentals.) Sales tax on food is 2%. Property tax or ad valorem tax is based on the value of real and personal property subject to the tax. All property is assessed at 40% of fair market value unless otherwise specified by law. The state rate is mill per $1,000 of assessed value. The local rate is set annually by the city or county authority or board of education. Cities and counties may, by referendum, exempt some or all inventories from the property tax. Determined on a graduated scale; maximum tax being $5,000. Domestic corporations are taxed on 100% of net worth. Foreign (out-of state) corporations are taxed only on net worth apportioned to Georgia. A graduated franchise tax from $10 on corporate paid-in capital not exceeding $10,000, to $5,000 on paid-in capital over $22,000,000. Applied to foreign and domestic corporations based on networth including capital stock, treasury stock, paid-in surplus and earned surplus. 0.00% to 5.4% of the first $8,500 of wages paid to each employee in calendar year. New employers 2.7% of first $8,500 in wages. New employer rate applies for the first three years before moving to an experience-based rate. The governing authority of any county or municipality may elect, with the approval of the voters, to exempt the following types of tangible personal property:

Property Tax

Corporate Excise Tax

Franchise Tax

Unemployment Compensation Tax

Inventory Tax/ Freeport Exemption

Inventory of goods in the process of being manufactured or produced including raw materials and partly finished goods; Inventory of finished goods manufactured or produced within this State held by the manufacturer or producer for a period not to exceed 12 months; Inventory of finished goods on January 1 that are stored in a warehouse, dock, or wharf which are destined for shipment outside this State for a period not to exceed 12 months; The percentage of exemption can be set at 20, 40, 60, 80 or 100 percent of the inventory value. Over sixty percent of Georgia counties and cities have adopted the Freeport Exemption at some level.

Personal Income Tax

The states corporate income tax rate of 6% has not changed since 1969. This tax applies ONLY to the portion of income that is earned in Georgia. Beginning in 2006, tax liability will be calculated with a stronger emphasis on gross receipts in Georgia. The other component weightings that currently have bearing on tax liability will gradually decrease and by 2008 will be eliminated from the calculation.

Source: Georgia Department of Revenue

Government
City Government Government Form # of Elected Officials Mayor First Elected Next Election Date City Manager County Government Government Form # of Elected Officials Mayor First Elected Next Election Date County Manager State Government Government Form Number of Elected Officials Upper House Representing Area Total Statewide Upper House Lower House Representing Area Total Statewide Lower House Governor First Elected Allowed to Run for Another Term Next Election Date U.S. Government Representatives Congressional Districts Mayor/Council 10 Ron Littlefield 2005 (4 year terms) 2013 No

Mayor/Commission 10 (excluding judiciary and other officers) Claude Ramsey 1994 (4 year terms) 2010 No

Senate/House 8 (in Hamilton County) 2 33 6 99 Phil Bredesen (D) 2002 No 2010

District 3

U.S. Congresspersons Serving the Area Congressman Zach Wamp (R) First Elected 1994 Next Election Date 2010 U.S. Senators Serving the Area Senator First Elected Next Election Date Senator First Elected Next Election Date

Lamar Alexander (R) 2002 2014 Bob Corker (R) 2006 2012

Government Services
City Services Police Officers Police Vehicles Firefighters Fire Trucks Insurance Rate County Services Patrol Deputies Sheriff Vehicles Volunteer Firefighters Fire Trucks Insurance Rate
Source: City of Chattanooga, Hamilton County

471 450 400 24 Class 2

310 229 400 (approx.) 130 (approx.) Class 3-9

Recreation Facilities
Parks Golf Courses Country Clubs Community Centers Hotels and Motels 98 (over 800 total acres) 17 9 public, 8 private 8 16 67 (9,000+ total rooms)

Sources: Hamilton County Parks and Recreation, City of Chattanooga Parks and Recreation, Chattanooga Convention & Visitors Bureau

Medical Care
Health Care Providers in Hamilton County Medical Doctors 891 Registered Nurses 5,321 Dentists 199 Psychiatrists 25 Psychologists 81
Source: Health Statistics and Information, Tennessee Department of Health, 2008

Chattanooga/Hamilton County Hospitals Hospitals Nursing Homes Residential Homes for the Aged Home Health Organizations Assisted Living Health Care Costs Optometrist Visit Doctor's Visit Dentist's Visit Chattanooga MSA* $87.00 94.73 59.67

Number 11 12 12 15 16

Licensed beds 4,940 1,842 282 N/A 995

National Average $85.00 82.98 77.68

Source: ACCRA Cost of Living Index, 2009 Annual Average

Erlanger Medical Center is one of only six Level I Trauma Centers in the State of Tennessee. This status also includes responsibility for T. C. Thompson Childrens Hospital, which makes it one of only two Level I Pediatric Trauma Centers in Tennessee. Together they are the only trauma centers within 100 miles of the Chattanooga area, and state of Tennessee. They primarily serve patients from Tennessee, Alabama, Georgia, and North Carolina, with more than half of the patients coming from outside of the home county. The Regional Emergency Medical Services Alliance (REMSA) is based at Erlanger. REMSAs Air Medical Program, LIFE FORCE began operations in December 1988 with one aircraft that averaged over 700 patient flights annually. With the addition of LIFE FORCE 2 and 3, and expansion into areas not previously served by air medical transportation, LIFE FORCEs annual patient flights have doubled. In 1995 LIFE FORCE 2 was added to better serve the Upper Cumberland region communities and LIFE FORCE 3 was added in 2007 to provide additional coverage to the North Georgia region. These additional aircraft have aided in improving the odds in the race against time during the Golden Hour.

Communications
Newspapers Chattanoogan.com Chattanooga Times-Free Press Chattanooga Courier Cleveland Daily Banner Daily Citizen-News Hamilton County Herald Lookout Mountain Mirror Lookout Mountain Post The Pulse Signal Mountain Mirror Signal Mountain Post Southern Accent University Echo
Source: Individual newspapers

Frequency Internet Daily/Sunday Weekly Daily Daily Weekly Monthly Monthly Weekly Monthly Twice monthly Weekly Weekly

Circulation 175,000 visits/week 74,273 daily / 99,722 Sunday 8,500 14,500 daily / 17,300 Sunday 14,000 1,700 3,300 2,500 15,000 7,300 7,500 2,500 3,000

Television Stations Local: ABC, NBC, CBS, Fox and CW affiliates. Cable service is available, with digital service in many areas. Radio Stations Local AM: 10+ Local FM: 20+ Telecommunications and Internet Service Traditional and competitive local exchange carriers provide telecommunications service. Multiple internet-related companies serve the Chattanooga area including internet service providers, website designers and internet fulfillment and distribution companies.

Utilities
Electricity Supplier Source Natural Gas Supplier Source Electric Power Board of Chattanooga Tennessee Valley Authority

Chattanooga Gas Company East Tennessee Natural Gas & Southern Natural Gas Co.

Treated Water Supplier Source Rated Capacity Average Daily Demand Peak Demand Treated Water Supplier Source Rated Capacity Average Daily Demand Peak Demand Treated Water Supplier Source Rated Capacity Average Daily Demand Peak Demand Sewer Supplier Total Treatment Capacity Peak Hydraulic Capacity
Source: Individual Utilities

Tennessee-American Water Co. Tennessee River 65.0 mgd 39.233 mgd 56.000 mgd

Eastside Utility District Tennessee River 16 mgd 6.89 mgd 9.28 mgd

Hixson Utility District Case Springs (in Hixson) 20 mgd 6.86 mgd 10.67 mgd

City of Chattanooga 140 mgd 220 mgd

Chattanooga MSA* Largest Employers (with 500+ full-time employees)


Company BlueCross BlueShield of Tennessee Hamilton County Dept. of Education Tennessee Valley Authority Erlanger Health System McKee Foods Corporation Unum Memorial Health Care System City of Chattanooga CIGNA HealthCare Hamilton County Government Pilgrim's Pride Corporation Roper Corporation Astec Industries, Inc. Parkridge Medical Center, Inc. The University of TN at Chattanooga Convergys Corporation U.S. Xpress Enterprises, Inc. Hutcheson Medical Center T-Mobile Kenco Group Koch Foods, LLC Chattanooga St. Tech. Community College United States Postal Service Chattem Inc. Covenant Transport Inc. SunTrust Bank, Chattanooga BI-LO, Inc. Locally owned and/or headquartered Product/Service Health Care Financing Elementary & Secondary Schools Utility - Electric Service Hospital Mfr. Cakes & Cookies Insurance Health Care Government Health Services Government Poultry Slaughtering & Processing Mfr. Cooking Products Mfr. Asphalt & Construction Equip. Healthcare - Hospital University Out-Sourced Customer Service Transportation Services Hospital Telecommunications Service Industry, Warehousing Poultry Producer, Processor Two Year State College U.S. Postal Service Mfr. Health & Beauty Aids Trucking Commercial Bank Grocery Stores Full-Time Emps. 4,458 4,297 3,715 3,359 3,060 2,800 2,796 2,266 1,953 1,867 1,850 1,500 1,317 1,058 1,051 1,000 932 907 792 650 605 571 557 553 534 523 511 Part-Time Emps. 56 1508 8 436

633 164 202

93 44 18

71 71

31 668

Employers with 500+ employees in descending order by largest number of full-time employees as of 12/31/09. Source: Company Personnel Departments and Harris InfoSource

Sampling of Nationally Recognized Companies Headquartered in Chattanooga


BlueCross BlueShield of Tennessee CBL and Associates Properties, Inc. Chattanooga Bakery, Inc. Chattem, Inc. Covenant Transport, Inc. Double Cola Gold Bond, Inc. Krystal Company McKee Foods Corporation Miller Industries Towing Equipment, Inc. Olan Mills, Inc. Propex, Inc. Top Flight, Inc. Tennessees leader in health care financing with 35 percent market share. One of the largest shopping center developers in the U.S. Maker of Moon Pies. Maker of Flexall, Aspercreme, Bull Frog, Gold Bond, Selsen Blue, Pamprin, Dexatrim and other well-known products. One of the ten largest truckload carriers in the United States and operates the industry's largest fleet of team driven tractors. Established in 1922. Today the company manufactures Double Cola and Ski brand soft drinks. Maker of advertising specialty pens, pencils, rulers and other products. Maker of Krystal hamburgers. Maker of Little Debbie snack cakes. The towing industry was born in Chattanooga in 1916. Miller Industries is the world's largest integrated provider of vehicle towing and recovery equipment, systems and services. Worldwide leader in portrait photography. Recognized as the second largest producer of backings for the carpet industry. Each year, the company produces more than a billion envelopes, 10 million packs of filler paper, and in excess of 25 million wire bound notebooks. The fifth-largest publicly owned truckload carrier in the United States. The world's largest underwriter of disability insurance.

U.S. Xpress Enterprises, Inc. Unum

*Metropolitan Statistical Area (MSA) includes Hamilton, Marion and Sequatchie counties in Tennessee and Catoosa, Dade and Walker counties in Georgia.

Workforce
Labor Force Employment Growth
Hamilton County Annual Averages Year Labor Force 2005 158,240 2006 161,842 2007 165,974 2008 167,561 2009 162,054 Employment 150,737 154,704 159,193 158,307 147,296 Unemployment Rate 4.7 4.4 4.1 5.5 9.1

Chattanooga MSA* Annual Averages Year Labor Force 2005 253,483 2006 259,670 2007 261,683 2008 264,299 2009 255,463

Employment 241,370 248,293 250,698 249,131 231,360

Unemployment Rate 4.8 4.4 4.2 5.7 9.4

Source: U.S. Department of Labor, Bureau of Labor Statistics

Available Labor-Hamilton County Workers Unemployed Workers 15,330 Discouraged Workers 970 Partially Unemployed Workers 530 TOTAL 16,830

Percentage 91% 6% 3% 100%

Source: Tennessee Department of Labor and Workforce Development, 3/10

Demographics
Chattanooga MSA* Population Growth Year 1990 Census 2000 Census 2010 Estimate 2015 Projection Growth % 2000-2010 Population 433,194 476,531 525,357 548,366 10.2% Households 166,400 189,607 209,218 220,810 10.3%

Source: U.S. Census, DemographicsNow

Chattanooga MSA* Population by Age and Gender Age Female Male Total 14 and under 17.8% 20.1% 18.9% 15-24 12.3% 13.3% 12.8% 25-34 12.4% 13.3% 12.8% 35-44 12.9% 13.2% 13.0% 45-54 14.4% 14.3% 14.5% 55-64 13.2% 12.7% 13.0% 65 and over 17.1% 13.1% 15.1% Median Age Total Population 20-64
Source: DemographicsNow

39.3 years 59.6%

Chattanooga MSA* Population by Race White 82.5% Black 13.7% Asian/Pacific Islander 1.4% Two or More Races 1.4% Some Other Race 0.9% American Indian/Alaska Native 0.2%
Source: DemographicsNow

Chattanooga MSA* 25 Years and Older by Education Level Educational Attainment 2010 High school graduate or higher 83.1% Some college or higher 51.5% Two-year degree or higher 28.6% Four-year degree or higher 21.9%
Source: DemographicsNow

Jobs in Chattanooga MSA* by Place of Employment


Annual average employment in thousands 2005 45.9 10.7 35.2 16.1 19.1 2006 46.9 11.5 35.5 16.5 18.9 2007 45.8 11.0 34.9 16.3 18.6 2008 43.9 10.6 33.3 15.3 17.9 2009 36.9 8.7 28.3 12.7 15.6

Goods-Producing Mining, Logging & Construction Manufacturing Durable Goods Manufacturing Nondurable Goods Manufacturing Service-Providing Service-Providing Trade, Transportation, and Utilities Wholesale Trade Retail Trade General Merchandise Stores Transportation and Utilities Information Financial Activities Professional and Business Services Educational and Health Services Leisure and Hospitality Accommodation and Food Services Other Services Government Federal Government State and Local Government State Government Local Government TOTAL
Source: Bureau of Labor Statistics

194.9 198.6 201.7 202.0 190.2 56.2 8.8 26.8 6.1 20.6 2.8 18.8 25.7 24.8 21.9 19.2 10.7 34.2 6.4 27.8 5.9 21.9 56.1 8.8 26.7 6.6 20.6 3.3 18.6 26.1 26.8 22.8 20.2 10.8 34.1 6.3 27.8 5.9 21.9 56.4 8.8 26.9 6.9 20.8 3.7 18.6 24.8 29.2 23.2 20.7 10.9 34.9 6.5 28.4 6.0 22.4 54.8 8.9 26.2 6.4 19.7 3.8 18.5 25.5 30.0 23.3 20.6 10.9 35.2 6.1 29.1 6.0 23.1 48.1 8.2 24.4 n/a 15.6 3.7 18.0 21.7 30.4 22.7 n/a 10.8 34.8 5.8 29.0 6.1 22.9

240.8 245.5 247.5 245.8 227.2

Growth Chattanooga area


New Plants and Expansions New Jobs New Investment July 2003-to-date 196 14,585 $3,142,980,550 Fiscal 09-10 only 25 1,169 $60,780,000

Source: Projects announced in the newspaper or reported to the Chattanooga Chamber

Employment Costs
Average Wages by Sector Hamilton County (2009) Manufacturing Construction Trade, Transportation & Utilities Financial Activities Information Retail Trade Wholesale Trade Professional & Business Services Education & Health Services Other Services Leisure & Hospitality TOTAL AVERAGE Avg. Weekly Wage $905 $886 $634 $1,143 $826 $496 $982 $729 $847 $548 $297 $761 Avg. Annual Wage $47,035 $46,066 $32,954 $59,421 $42,947 $25,805 $51,062 $37,887 $44,047 $28,509 $15,419 $39,569

Source: U.S. Department of Labor, Bureau of Labor Statistics Note: Average weekly and annual wage figures do not include any benefits.

Workers Compensation
Tennessee ranks below the national average of all states in workers compensation costs per $100 of payroll. The Tennessee General Assembly is continually seeking ways to increase competition and decrease workers compensation costs for Tennessee businesses. Effective in July 2005, comprehensive workers compensation reform legislation became law which instituted a medical fee schedule, simplified administrative hearing procedures, and led to a steady decline in overall employer costs.
Source: Tennessee Department of Labor and Workforce Development, Workers Compensation Division

Employment Taxes
Tennessee has no state income tax on wages and no payroll tax. Federal income tax, FICA, Medicare and federal unemployment taxes are administered as in any other state. The state unemployment tax is a maximum of 2.7 percent for all industries, except construction and mining, on the employees first $9,000 of earnings each year; any income over that amount is exempt. Manufacturing employers who have been in business less than three years are taxed at a rate of 6.5%.
Source: Tennessee Department of Labor and Workforce Development, Employment Security Division

Labor Market Characteristics


Union Membership percentage of union membership in the workforce City Private Sector Mfr. Private Sector TOTAL Chattanooga 2.6 2.8 3.5 Atlanta 3.2 3.0 4.5 Birmingham 16.2 6.0 9.0 Cincinnati 15.3 7.3 9.6 Indianapolis 6.4 4.5 7.6 Kansas City 21.9 6.8 8.6 Louisville 21.4 10.7 13.3 Memphis 1.5 2.1 4.8 Nashville 11.8 3.2 5.1 St. Louis 21.5 10.9 13.6
Source: Union Membership & Earnings Data Book (2010 edition), Bureau of National Affairs, Inc. Note: Private sector is defined as both private for-profit and not-for-profit companies. The total includes both private and public companies. Public companies are defined as federal (including postal), state, or local government.

Metro Area Work Stoppage Trends Year TOTAL 2005 0 2006 0 2007 0 2008 0 2009 0 Union Elections Year TOTAL 2005 4 2006 4 2007 5 2008 1 2009 2 TOTAL 16
Source: Bureau of National Affairs, Inc.
1

Union Win 1 3 0 1 1 6

Union Loss 1 0 2 0 1 4

Unresolved1 2 1 3 0 0 6

petitions were cancelled / withdrawn

Tennessee is a right-to-work state: To be hired for any job in the state of Tennessee, it is not mandatory to be a member of a union or to join a union at any time after employment.

*Metropolitan Statistical Area (MSA) includes Hamilton, Marion and Sequatchie counties in Tennessee and Catoosa, Dade and Walker counties in Georgia.

Economy
Businesses in the Chattanooga MSA*
Chattanoogas diverse economy is strong. In the MSA*, nearly 23,000 businesses employ over 200,000 people and generate nearly $30 billion in annual sales. Business Count 1,805 1,087 10,798 849 2,148 1,155 3,950 565 12 357 22,726 Total Empl. 14,464 31,211 74,360 15,351 12,638 10,178 38,518 1,828 82 14,953 213,583 Total Sales (in $ millions) 16,896.8 2,603.9 4,250.0 1,647.4 1,780.8 1,369.6 1,283.1 77.5 0.8 N/A 29,909.90

All MSA* Businesses Finance, Insurance, and Real Estate Manufacturing Services Transportation and Public Utilities Construction Wholesale Trade Retail Trade Agriculture, Forestry, and Fishing Mining Public Administration TOTAL
Source: Dun & Bradstreet ZapData; data as of 8/10

Manufacturing
The manufacturing sector has over 1,200 companies in 19 industry segments. MSA* manufacturing companies employ over 34,000 people and generate nearly $3 billion in annual sales. SIC 2 Digit Code 20 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 TOTAL

Food and Kindred Products Textile Mill Products Apparel, Finished Products from Fabrics & Similar Materials Lumber and Wood Products, Except Furniture Furniture and Fixtures Paper and Allied Products Printing, Publishing and Allied Industries Chemicals and Allied Products Petroleum Refining and Related Industries Rubber and Miscellaneous Plastic Products Leather and Leather Products Stone, Clay, Glass, and Concrete Products Primary Metal Industries Fabricated Metal Products, Except Machinery & Transport Equipment Industrial and Commercial Machinery & Computer Equipment Electronic, Electrical Equipment & Components, Except Computer Equipment Transportation Equipment Mesr/Anlyz/Cntrl Instrmnts; Photo/Med/Opt Goods; Watchs/Clocks Miscellaneous Manufacturing Industries

Business Count 46 60 45 76 34 26 200 92 21 25 11 61 41 110 173 48 28 51 99 1,247

Total Empl. 7,124 4,226 262 503 679 1,840 1,738 2,768 210 2,242 94 855 1,034 2,540 3,507 1,966 1,334 669 933 34,524

Total Sales (in $ millions) 53.8 302.4 16.3 60.1 30.8 70.4 111.3 529.8 12.7 34.6 4.5 25.1 27.1 129.2 912.7 61.7 280.8 50.6 52.5 2,766.4

Source: Dun & Bradstreet ZapData; data as of 8/10

Finance, Insurance & Real Estate


The finance, insurance and real estate (FIRE) sector has nearly 2,000 companies in seven industry segments. MSA* FIRE companies employ nearly 15,000 people and generate almost $17 billion in annual sales. SIC 2 Digit Code 60 61 62 63 64 65 67 TOTAL

Depository Institutions Non-depository Credit Institutions Security & Commodity Brokers, Dealers, Exchanges & Services Insurance Carriers Insurance Agents, Brokers and Service Real Estate Holding and Other Investment Offices

Business Count 174 149 100 71 356 881 172 1,903

Total Empl. 1,609 1,290 453 5,210 1,644 4,026 758 14,990

Total Sales (in $ millions) 472.5 43.5 13.2 14,908.9 131.7 231.3 1,148.2 16,949.4

Source: Dun & Bradstreet ZapData; data as of 8/10

Services
The services sector has over 11,000 companies in 15 industry segments. MSA* service companies employ over 82,000 people and generate nearly $5 billion in annual sales. SIC 2 Digit Code 70 72 73 75 76 78 79 80 81 82 83 84 86 87 89 TOTAL

Business Count Hotels, Rooming Houses, Camps, & Other Lodging Places Personal Services Business Services Automotive Repair, Services and Parking Miscellaneous Repair Services Motion Pictures Amusement and Recreation Services Health Services Legal Services Educational Services Social Services Museums, Art Galleries & Botanical & Zoological Gardens Membership Organizations Engineering, Accounting, Research, Management & Related Services Services, Not Elsewhere Classified 174 985 3,809 630 411 94 336 1,301 413 301 450 27 1,127 1,032 211 11,301

Total Empl. 2,715 4,401 14,640 3,902 1,882 421 2,677 20,374 1,902 12,475 4,214 421 5,253 7,042 542 82,861

Total Sales (in $ millions) 95.2 98.9 931.6 323.3 171.9 12.6 133.2 1,493.8 129.5 448.8 162.7 12.8 282.5 390.1 24.9 4,711.8

Source: Dun & Bradstreet ZapData; data as of 8/10

Transportation, Communication and Public Utilities


The transportation, communication and public utilities (TCU) sector has nearly 1,000 companies in 10 industry segments. MSA* TCU companies employ over 16,000 people and generate nearly $2 billion in annual sales. SIC 2 Digit Code 40 Railroad Transportation 41 Local, Suburban Transit & Interurban Hwy Passenger Transport 42 Motor Freight Transportation 43 United States Postal Service 44 Water Transportation 45 Transportation by Air 46 Pipelines, Except Natural Gas 47 Transportation Services 48 Communications 49 Electric, Gas and Sanitary Services TOTAL
Source: Dun & Bradstreet ZapData; data as of 8/10

Business Count 6 42 370 36 21 25 7 148 156 111 922

Total Empl. 98 639 6,048 1,049 463 202 46 1,013 1,929 5,277 16,764

Total Sales (in $ millions) 0.3 13.9 892.0 N/A 3.2 17.1 0.3 102.1 65.3 599.3 1,693.4

Retail
The retail trade sector has over 4,000 companies in 8 industry segments; MSA* retail companies employ more than 43,000 people and generate over $1 billion in annual sales. SIC 2 Digit Code 52 Building Materials, Hrdwr, Garden Supply & Mobile Home Dealers 53 General Merchandise Stores 54 Food Stores 55 Automotive Dealers & Gasoline Service Stations 56 Apparel and Accessory Stores Home Furniture, Furnishings & 57 Equipment Stores 58 Eating and Drinking Places 59 Miscellaneous Retail TOTAL
Source: Dun & Bradstreet ZapData; data as of 8/10

Business Count

Total Empl.

Total Sales (in $ millions)

218 138 470 608 267 418 892 1,256 4,267

2,238 5,225 5,621 4,191 1,955 2,318 13,383 8,496 43,427

136.0 4.5 93.8 515.1 36.6 175.1 168.8 358.0 1,487.9

Wholesale Trade
The wholesale sector has over 1,300 companies, nearly 1,000 in durable goods, and more than 400 in non-durable. MSA* wholesale trade companies employ more than 13,000 people and generate nearly $2 billion in annual sales. SIC 3 Digit Code 501 502 503 504 505 506 507 508 509

Motor Vehicles, Parts and Supplies Furniture and Home Furnishings Lumber and Other Construction Materials Professional & Commercial Equipment & Supplies Metals and Minerals (except Petroleum) Electrical Goods Hardware & Plumbing Equipment & Supplies Machinery, Equipment and Supplies Miscellaneous Durable Goods SUBTOTAL

Business Count 101 58 86 124 23 94 79 250 132 947

Total Empl. 1,266 362 1,381 883 563 757 639 1,889 912 8,652

Total Sales (in $ millions) 165.2 53.2 62.3 75.2 432.3 125.3 70.0 195.7 107.4 1,286.6

SIC 3 Digit Code 511 512 513 514 515 516 517 518 519 TOTAL

Paper & Paper Products Drugs, Drug Proprietaries and Sundries Apparel, Piece Goods and Notions Groceries & Related Products Farm-Products Raw Materials Chemicals & Allied Products Petroleum & Petroleum Products Beer, Wine & Distilled Alcoholic Beverages Miscellaneous Non-Durable Goods SUBTOTAL

Business Count 34 17 24 79 9 51 44 15 161 434 1,381

Total Empl. 186 87 148 2,249 100 388 295 255 1,003 4,711 13,363

Total Sales (in $ millions) 13.8 25.9 10.8 128.6 2.3 28.3 66.0 38.5 68.0 382.2 1,668.7

Source: Dun & Bradstreet ZapData; data as of 8/10

Construction
The construction sector has over 2,000 companies in 3 industry segments. MSA* construction companies employ over 13,000 people and generate nearly $2 billion in annual sales. SIC 2 Digit Code 15 16 17 TOTAL

Business Count Building Construction General Contractors & Operative Builders Heavy Construction, Except Building Construction - Contractors Construction - Special Trade Contractors 924 97 1,240 2,261

Total Empl. 3,638 1,253 8,673 13,564

Total Sales (in $ millions) 1,073.3 138.3 642.2 1,853.8

Source: Dun & Bradstreet ZapData; data as of 8/10

*Metropolitan Statistical Area (MSA) includes Hamilton, Marion and Sequatchie counties in Tennessee and Catoosa, Dade and Walker counties in Georgia.

Education
Public education for over 39,000 primary and secondary students is currently provided by over 75 public schools. Nearly 11,000 students are enrolled in the 34 private and parochial schools in the Chattanooga area. More than 15 institutions of higher learning offer diverse curricula which include the humanities as well as vocational training and technical education.

Public Schools
Hamilton County Schools (2009-2010) Number of Elementary Schools Number of Middle/High Schools Number of Adult High Schools Total Student Enrollment Total Number of Teachers Faculty with Advanced Degrees Per Pupil Expenditure Teacher-Student Ratio College Entrance Exam Scores (2009) Hamilton County Schools Tennessee National Average
Source: Tennessee Department of Education

45 14/16 1 39,247 2,811 1,507 $9,334 1:14 ACT 19.0 20.6 21.1 SAT -1,701 1,509

Non-Public Schools
Total Number of Schools Total Student Enrollment 34* 10,813*

Source: Hamilton County Department of Education Comprehensive Annual Financial Report *Number does not include Special School or Home School Data

Post Secondary Education


There are several colleges and universities in the Chattanooga area offering associates, bachelors, and masters degrees. Course offerings include liberal arts, business, science and technology, criminal justice and engineering.

Colleges and Universities


The University of Tennessee at Chattanooga (UTC) The University of Tennessee at Chattanooga is a major campus of the Tennessee system. UTC offers more than 40 undergraduate, 19 graduate, 1 specialists and 3 doctorate degree programs. The University is divided into the following colleges and schools: Arts and Sciences Business Administration Education and Applied Professional Studies Engineering and Computer Science Health Education and Professional Studies School of Nursing School of Rehabilitation Professions School of Social and Community Services Enrollment: Athletics: 10,526 NCAA Division I Football NCAA Division I-AA

Academics: The University has 21 state-funded chairs of excellence occupied by leading scholars and 5 centers of excellence dedicated to scholarship and research in: Egyptian art and archeology Psychology Education Earthquake Science Speech and Hearing

Chattanooga State Technical Community College Chattanooga State is a comprehensive, regionally accredited community college in the State University and Community College System of Tennessee. The College offers programs in the following fields: Allied Health Business and Information Engineering, Environmental & Emergency Technologies Humanities Industrial Technology Math and Science Social and Behavioral Science Chattanooga State offers over 50 majors of study toward degrees and certificates. Enrollment: 11,740

Services for Business and Industry: Chattanooga States Business and Community Development Center (BCDC) provides customized training for business, industry and government in the Chattanooga area.

Other Colleges in the Chattanooga MSA* include:


Covenant College Four-year liberal arts college affiliated with Presbyterian Church in America Founded in 1955 Enrollment 1,006 Mountaintop campus 10 minutes from Chattanooga Southern Adventist University Four-year private university affiliated with the Seventh-day Adventist Church Founded in 1892 Enrollment 2,891 Rural campus 18 miles from Chattanooga Tennessee Temple University Four-year private college of arts and sciences and Bible college affiliated with Independent Baptist Church Founded in 1946 Enrollment 505 Urban campus in Chattanooga

*Metropolitan Statistical Area (MSA) includes Hamilton, Marion and Sequatchie counties in Tennessee and Catoosa, Dade and Walker counties in Georgia.

Utilities & Telecommunications


The Chattanooga region is in an enviable position relative to other locations in the U.S. Both electricity and natural gas are available in plentiful supplies and at some of the most reasonable rates found anywhere. In addition, water supplies are abundant and sewage treatment is available throughout the region, with considerable excess capacity to support industrial expansion.

Electricity
EPB of Chattanooga distributes electricity from the Tennessee Valley Authority (TVA), a federal agency that sells electricity to hundreds of other distributors. EPB has provided reliable, affordable electric power to the Chattanooga-area business community for over 60 years EPB of Chattanooga offers Enhanced Growth Credits, as well as other services designed to enhance efficiency for commercial and industrial customers. Services include: power quality analysis, energy audits, power factor correction recommendations, energy monitoring and management systems, lighting recommendations and more. Key business customers also have direct access to EPB's staff of energy service professionals, who provide commercial and industrial customers with the utility expertise and solutions they need to operate their business.

EPB of Chattanooga Communities Served Company-Net Importer or Exporter of Power Name of Power Pool Membership Peak System Demand State Electric Power Deregulated Number of Customers Residential Commercial/General Service Comm./Ind. 5,000+ kW demand 2004 140,305 22,898 14

Hamilton County, parts of 8 counties in TN & GA Import TVA 1366 No 2005 141,521 23,601 14 2006 144,346 22,746 15 2007 143,798 22,796 21 2008 147,095 22,822 24

Natural Gas
In the Chattanooga area, natural gas is supplied to customers from both private and public utilities. The Chattanooga Gas Company, with sales of over 17 billion cubic feet annually, is supplied by the pipelines of Southern Natural Gas and East Tennessee Natural Gas.
Industrial Large Volume Firm Rates Base Use Charge Demand Charge/Demand Unit Commodity Charge/Dth First 1,500 Dths Next 2,500 Dths Next 11,000 Dths Over 15,000 Dths Industrial Interruptible Service Rates Base Use Charge Commodity Charge/Dth First 1,500 Dths Next 2,500 Dths Next 11,000 Dths Over 15,000 Dths Base Rate $300.0000 $5.50 $0.8064 $0.6891 $0.3908 $0.2402 Base Rate $300.0000 $0.8064 $0.6891 $0.3908 $0.2402 $5.5807 $5.5807 $5.5807 $5.5807 (0.3273) (0.3273) (0.3273) (0.3273) PGA Refunds & Surcharges 0.3749 (0.3273) (0.3273) (0.3273) (0.3273) Refunds & Surcharges Billing Rate $300.0000 $12.8398 $8.3640 $8.2467 $7.9484 $7.7978 Billing Rate $300.0000 $6.0598 $5.9425 $5.6442 $5.4936 $5.2534 $5.2534 $5.2534 $5.2534
(March 2009)

Cumulative PGA/ Refund & Credit $7.3398 $7.5576 $7.5576 $7.5576 $7.5576 Cumulative PGA/ Refund & Credit

$6.9649 $7.8849 $7.8849 $7.8849 $7.8849 PGA

Natural Gas Incentive Programs


Chattanooga Gas Company (CGC) offers very competitive gas delivery rates to industrial customers who use a minimum of 100 Dth/day. CGC is served by two interstate pipeline suppliers, East Tennessee and Southern Natural Gas, who offer competitive interstate transportation rates to industrial end-users. CGC industrial customers can purchase their natural gas through CGC or from a third party marketer. To further minimize gas costs to large industrial customers, CGC offers an interruptible delivery rate to customers who have installed an alternate fuel. The interruptible rate is a declining step rate which reduces to a low rate of $0.2420/Dth for consumption over 15,000 Dth/month. During curtailments, CGC may offer an incremental gas supply that provides interruptible customers with another option in lieu of switching to their alternate fuel. This program has minimized the interruptions/gas curtailments experienced by CGC industrial customers. CGC also has a special sales program (SS-1) to compete with alternate fuels when that pricing is lower than natural gas. CGC can discount transportation rates to match fuel oil costs or other competitive energies. Overall, CGC industrial customers benefit from highly competitive natural gas rates available through CGCs menu of delivery rates and supply services.
Source: Chattanooga Gas Company

Water
Water service for the Chattanooga area is provided primarily by three separate water distribution companies. Eastside Utility District Major Source Rated Capacity Average Daily Demand Peak Demand Avg. Cost per 1,000 Gallons Water Connection Fee Tennessee River 16 mgd 6.89 mgd 9.28 mgd $3.08 $325.00 meter $375.00 1 meter Tennessee River 20 mgd 6.86 mgd 10.67 mgd $1.63 New and Existing Service $25.00

Hixson Utility District Major Source Rated Capacity Average Daily Demand Peak Demand Avg. Cost per 1,000 Gallons Water Connection Fee

Tennessee American Water Company Major Source Tennessee River Rated Capacity 65.0 mgd Average Daily Demand 39.233 mgd Peak Demand 56.000 mgd Avg. Cost per 1,000 Gallons Residential $3.850 Commercial $3.2581 Industrial $1.4665 Public Authority $2.6379 Water Connection Fee New Service $25.00 Existing Service $15.00
Source: Individual Utilities

Wastewater
Primary and secondary sewage treatment is available in the Chattanooga area. The Moccasin Bend Sewage Treatment Plant has a capacity of 140 million gallons-per-day, with a peak hydraulic capacity of 220 million gallons-per-day. Significant capacity exists in the system to support growth.
Source: City of Chattanooga

Utility Tax
Gas and Electric Rate Residential Non-Manufacturer* Manufacturer** Water Tax Rate Residential Non-Manufacturer* Manufacturer** State (%) None 7.0 1.5 State (%) 7.0 7.0 1.0 Local (%) None None None Local (%) 2.25 2.25 0.5 Total (%) None 7.0 1.5 Total (%) 9.25 9.25 1.5

*Non-Manufacturers may be exempt (churches, non-profit organizations, etc.). **Manufacturers can be granted a full exemption if the energy fuel or water comes in direct contact with the product being manufactured and it is separately metered. An Industrial Machinery Authorization must be on file with the utility company to support the exemption or reduced rate. An Industrial Machinery Authorization may be obtained by filing an application with the Tennessee Department of Revenue.

Business Support Services


EPB Incentive Programs In addition to having rates significantly below the national average, EPB of Chattanooga offers several electric power incentives and special rate programs to qualified businesses locating or expanding in the Chattanooga area. All of the following EPB incentives and special rate programs are designed to enhance customer efficiency and boost their bottom line:

Enhanced Growth Credit offers credits on electric bills to businesses locating or expanding in the EPB service area. This credit is available to new, restarted and expanding loads greater than 100 kW in manufacturing and other specified SIC codes. It provides credits of up to $6.00/kW on firm demand charges. Manufacturing Credit encourages growth in the manufacturing sector by offering significant power cost savings to qualifying manufactures which in turn helps retain manufacturing load in the Tennessee Valley region.

EPB of Chattanooga works hard to deliver not only power, but total business solutions through Value Added Services which offer customers money-saving ideas at no charge. EPB will assist all commercial and industrial customers in the EPB service area with the following options:

Power Quality Analysis provides a detailed, technical analysis of a customers internal electrical system. Utilizing state-of-the-art test equipment, potentially harmful problems caused by todays sophisticated, high-speed electronic equipment can be easily identified. Power Factor Correction Recommendations Through careful analysis of the electrical system, EPB can provide a comprehensive report that includes recommended correction equipment, suitable installation locations and the cost of not correcting the power factor. Harmonic Analysis helps to prevent equipment malfunctions in facilities by using sensitive power test equipment that analyze the amount of harmonic distortion in a power system and determines its source. Once the problem is identified, EPB will recommend the size and location of filtering equipment to mitigate the specific harmonic that is causing the trouble. Lighting Recommendations can be provided for lighting layouts, specifications, mounting heights, placement and aiming techniques. Compressed Air Leak Detection EPB helps companies locate leaks in an air, steam, vacuum or water systems allowing the business to keep machines operating at the highest possible efficiency levels. HVAC Studies can be conducted on new or existing equipment to help improve heating and air conditioning circulation and efficiency, and save money on monthly bills. Energy Monitoring and Management Systems EPB provides technical recommendations and assistance on energy monitoring options including revenue control strategies and energy management systems. Energy Audits project potential savings that could result from the installation of recommended devices or systems, or from the modification of building operations or building shell.

Source: EPB of Chattanooga

Telecommunications
The telecommunications infrastructure available in Chattanooga is state-of-the-art. Both traditional and competitive local exchange carriers provide service. Multiple fiber networks serve downtown areas. Number of Local Service Providers Central Offices of Local Service Providers Is Switch Technology Digital or Analog? Is Fiber Service Provided? 6 10 Digital Fiber services are available at any location within the AT&T service area at no cost with the purchase of a fiber-based service. Remotely from Nashville, TN and Charlotte, NC Yes Yes Yes Separate channels available into all central offices.

Monitored Remotely or On-Site? Is ISDN Available from this Switch? Is ASD2 Available from this Switch? Is Central Office on Self-Healing Fiber Ring? Dual Feed from Two Separate Switching Offices Available?

Chattanoogas Communications Advantages: Digital switching centers with computerized switching technology that provides modern services based on digital technology. SONET transport technology is available in Chattanooga. An area rich with fiber optic bandwidth, with more than 40,000 miles of fiber optic cable and more being constructed continuously. Fiber and digital networks provide greater security, higher transport speeds and clearer transmission for critical communication needs. Integrated Services Digital Network (ISDN) is available everywhere in Chattanooga. ADSL (over 100,000 lines are ADSL qualified in Chattanooga). Common Channel Signaling technology provides a wide variety of intelligent network services to improve business productivity and efficiency. Chattanooga has multiple points of presence for all major long distance and local carriers.

Source: AT&T

Transportation
Air Travel
Air service at the Chattanooga Metropolitan Airport is provided by a number of carriers offering passenger and cargo service to all major cities in the U.S. Additionally there is one-stop service to Europe and Asia through each of the carriers supporting Chattanooga. Commercial service is provided by: Allegiant Air American Eagle Delta Connection Carriers Northwest Airlink US Airways Express General aviation and private aircraft service provided by TAC Air. Nonstop flights to: Atlanta, GA Delta Connection Carriers Charlotte, NC US Airways Express Chicago, IL American Eagle Dallas, TX American Eagle Ft. Lauderdale Allegiant Air Memphis, TN Northwest Airlink Orlando, FL Allegiant Air Tampa Bay, FL Allegiant Air Washington, DC US Airways Express Runways East/West 7,400 feet North/South 5,000 feet Instrument Landing System

Air Cargo
Emery WorldWide, RPS and UPS all have regional facilities in Chattanooga.

Rail Transportation
Systems serving Chattanooga are CSX Corporation and Norfolk Southern. Both systems offer daily switching.

Public Use Port Terminals


Chattanooga is accessible to over 16,000 miles of navigable waterways connecting to the Gulf of Mexico and the Great Lakes. The Tennessee River has a channel depth of nine feet.
Centre South Riverport Handling Ability: Dry Bulk Unload, Liquid and Rail Cars Facilities: Loading docks, mooring cells and crane Rail: Norfolk Southern Water Frontage: 400 feet Depth: Approx. 14 feet Operator: Parker Towing 359 River Terminal Road Chattanooga, TN 37422 Phone: 423-698-7727 Fax: 423-698-0146 http://www.parkertowing.com/services/steve.asp JIT Terminals Inc. a Mapes & Sprowl Steel Company Handling Ability: Dry Bulk Unload, Liquid and Rail Cars Facilities: Loading docks, mooring cells and crane Rail: Norfolk Southern Water Frontage: 500 feet Depth: Approx. 14 feet Operator: JIT Terminals Inc. 530 Manufacturers Rd. Chattanooga, TN 37405 Phone: 423-266-1600 Fax: 423-267-4297 http://www.jitterminal.com/ Mid-South Terminals Handling Ability: General freight transfer Facilities: Loading docks, mooring cells and crane Rail: Norfolk Southern Water Frontage: 1,600 feet Operator: Serodino Inc. 100 Hamm Road Chattanooga, TN 37405 Phone: 423-266-1855 http://www.serodinoinc.com/Mid%20South%20Info.html

Major Industrial Parks and Distribution Centers


with available space include: Bonny Oaks Industrial and Office Park Bonnyshire Industrial Park Centre South Park and Riverport Enterprise South Industrial Park

Major U.S. Rail Connections


Spokane Seattle Portland Boise Salt Lake City Denver Sacramento San Francisco Las Vegas Albuquerque Los Angeles San Diego Phoenix Tucson El Paso Houston Galveston Oklahoma City Fort Worth Memphis Little Rock Dallas
CHATTANOOGA

Great Falls Billings Bismark Minneapolis St. Paul


Milwaukee Chicago Buffalo Detroit Albany Pittsburgh Harrisburg New York Philadelphia Baltimore Atlantic City Washington Roanoke Richmond Norfolk Boston Bangor

Cheyenne

Omaha Kansas City Wichita

Des Moines Peoria


Indianapolis

St. Louis

Louisville Knoxville

Birmingham

Jackson Montgomery Mobile New Orleans

Atlanta Macon

Charlotte Morehead City Columbia Wilmington Charleston Savannah Brunswick Jacksonville

San Antonio Laredo

Tampa St. Petersburg

Brownsville

Miami

Navigable Waterways

Interstate Highway System

MN ND SD
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Incentives for New and Expanding Businesses


Tennessee has long been considered a state with one of the most business friendly economic climates in the nation, with one of the nations lowest per capita tax burdens, no tax on personal income and no state property tax. Tennessee does not take a one size fits all approach and evaluates and changes its incentive offerings annually to meet the needs of business in the current economic environment. The primary business taxes in Tennessee are the franchise tax and the excise tax (F&E). Tennessees largest single source of revenue is the sales and use tax.

Franchise Tax

Excise Tax
o Taxisbasedonthenetearningsofthe companyderivedfromdoingbusinessin Tennessee. o Taxrateis6.5% o Nothrowbackprovisionsalesoutsideof Tennesseearenottaxed. o Allcapitallossesareclaimedintheyear incurred o Netoperatinglossescanbecarriedforward for15years. o Netoperatinglossesforprojectsofover $100millionmaybeextendedbeyond15 years.

o Taxonthegreaterofnetworthorbookvalueofproperty ownedorusedinTennessee. o Taxrateis25per$100. o Finishedgoodsinventoryinexcessof$30millionmaybe excluded. o PollutionControlEquipmentisexempt. o Propertyunderconstructionandnotbeingutilizedisnot included. o Propertyrentedfromtheindustrialdevelopment corporationmaybevaluedbycapitalizingitonthebooks. o Tennesseeexemptswillexempttwothirds(2/3)ofthe capitalinvestmentofcompaniesqualifyingfortheJobsTax SuperCredit.

Sales and Use Tax


7%statesalestaxplusthe applicablelocalrate(2.25%2.75%) onanypersonorcompanywho manufactures,distributesorsells tangiblepersonalpropertywithin thestate.

No Sales Tax Is Levied On:


Purchases,installationandrepairsofqualifiedindustrialmachinery Rawmaterialsforprocessing Pollutioncontrolequipmentformanufacturers Reducedsalestaxratesformanufacturersuseofenergyfuelandwater (1.5%vs.7%) o Qualifiedindustrialsupplies o o o o

State of Tennessee Tax Credits


Jobs Tax Credit Tennessee allows qualified business enterprises a credit against their franchise and excise taxes based on their capital investment and the number of jobs created. The amount of the credit and the period of time during which it can be used varies according to the size of the investment. A company investing $500,000 and creating 25 new jobs can claim a $2,000 credit (or $4,500 if locating in an economically distressed county) against their F&E taxes over a period of 15 years. Qualified business enterprises must meet the $500,000 investment and 25 job threshold in a fiscal year if locating in a non-distressed or Tier 1 county (see map). Businesses locating in a Tier 2 county may take three years to create 25 jobs or five years to create 25 jobs in a Tier 3 county. The company can qualify for a $4,500 Jobs Tax Credit if it invests $20 million in capital and creates a minimum of 1,000 jobs in a federally designated empowerment zone. Currently, Tennessees only federally designated empowerment zone is in Knoxville, TN. The percentage of tax liability companies are able to offset ranges from 33.33% to 100% based on the total number of full-time jobs in Tennessee at the end of the fiscal year, ranging from less than 1,000 to 5,000 or more.

For example, in Chattanooga @ $2,000 per job: Jobs Created


25 100 500 999 1,000

Amount of Credit
$50,000 $200,000 $1,000,000 $1,998,000 $2,000,000

Full-Time TN Jobs
75 999 1,100 3,000 5,100

Percentage Offset
33.33% 33.33% 50% 75% 100%

State law gives the commissioner of Revenue and the commissioner of Economic and Community Development broad latitude to extend the offset percentage to 100% for qualified headquarters and/or qualified warehouse and distribution facilities. Qualified business enterprises can include: Manufacturing Warehousing and distribution Processing tangible personal property Research and development Computer services Call centers Qualified Data centers Headquarters facilities Convention or trade show facilities Repair service facilities for aircraft owned by unrelated commercial, foreign or government persons

Jobs Tax Super Credit For larger, more capital intensive investments, Tennessee has created a Super Credit which applies to those companies investing capital of $100 million or more and creating a minimum of 100 jobs paying at least 100% of Tennessees average occupational wage. These credits can be used to offset up to 100% of the companies F&E tax liability, but must be taken in the first tax year after the job creation and capital investment thresholds have been met and can be taken annually. The Super Credit does not include carry-forward provisions and is available in addition to Jobs Tax Credits. The Super Credit allows companies to exempt two thirds (2/3) of the required capital investment on Schedule G of the companys franchise and excise tax return. Investments must be made during a 3year period, but can be extended to 5 years (or in the case of a $1 billion investment, 7 years) at the discretion of the Commissioner of Economic and Community Development. Super Credits are available at the following levels: Captial Investment
$100million $250million $500million $1billion**

Jobs Created
100 250 500 1,000

Size of Credit*
$5,000 $5,000 $5,000 $5,000

Years Available
3 6 12 20

*per job per year **Projects qualifying in this category must create jobs paying 150% of the states average occupational wage.

Integrated Supplier Tax Credit Tennessee extends certain tax credits to suppliers located within the footprint of a project meeting the $1 billion investment threshold and creating 1,000 or more jobs. The purpose of the Integrated Supplier Tax Credit is to expand the impact of large anchor projects by encouraging co-location of suppliers. A qualified supplier locating within the footprint of such a project will qualify for a Jobs Tax Super Credit equal to $5,000 per qualified job with a 15 year carry-forward, plus an additional $5,000 per job each year for six years. The Integrated Supplier Tax Credit applies regardless of capital investment or number of jobs created.

Industrial Machinery Tax Credit


For capital investments in industrial machinery, Tennessee offers qualified businesses a tax credit offsetting up to 50% of their F&E tax liability. To qualify for this credit, companies are not required to create new jobs. The credit applies to the purchase, installation and repair of industrial machinery as defined in T.C.A. 67-6-102. The credit also applies to the purchase and installation of computer, computer software and certain peripheral devices purchased in order to meet the capital investment thresholds of the Jobs Tax Credit. The Industrial Machinery Tax Credit has a 15 year carry-forward. Captial Investment
Lessthan$100million $100million $250million $500million $1billion**

Percentage of Credit
1% 3% 5% 7% 10%

Headquarters Tax Credit In order to encourage companies to locate their corporate headquarters in Tennessee, the state offers tax credits based on the cost of relocating the company and building a new headquarters facility in Tennessee. With a capital investment of $50 million or more, the company may qualify for a credit of 6.5% against sales and use taxes incurred on the purchase of building materials, machinery or equipment used in a new regional, national or international headquarters. A project involving a capital investment of $10 million or more and creating 100 jobs paying 150% of the states average occupational wage may qualify for a credit of 6.5% against sales and use taxes incurred on the purchase of building materials, machinery or equipment used in a new regional, national or international headquarters. Investments must be made during a 3-year period, but can be extended to 5 years (or in the case of a $1 billion investment, 7 years) at the discretion of the Commissioner of Economic and Community Development. Companies qualifying for the sales and use tax credit may also qualify for credits against their F&E tax liability based on the amount of qualified relocation expenses incurred in the establishment of a headquarters facility. This is a fully refundable tax credit. Companies with a regional, national or international headquarters facility in Tennessee may (with approval from the Commissioner of Revenue and the Commissioner of Economic and Community Development) convert unused net operating losses (NOL) to a credit against F&E tax liability. The NOL credit is available only if the company is unable to use the NOL to offset net income during the current tax year. Credits for the cost of relocating jobs paying at least 150% of Tennessees average occupational wage are available on a tiered schedule as follows: Captial Investment
100250jobs 250500jobs 500750jobs 1,000+jobs*

Percentage of Credit
1% 3% 5% 7%

* requires capital investment of at least $1 billion

Data Center Tax Credit Companies may obtain tax credits for the purchase of materials related to the construction of a data center, which is defined as a building or buildings housing high technology computer systems and related equipment if they create 25 new jobs paying at least 150% of the states average occupational wage and invest a minimum of $250 million in capital. The purchase of computers, computer systems and repair parts used in qualified data centers are exempt from sales and use taxes (these purchases are classified as industrial machinery). Investments must be made during a 3-year period, but can be extended to 5 years (or in the case of a $1 billion investment, 7 years) at the discretion of the Commissioner of Economic and Community Development. Qualified data centers will also pay reduced sales taxes on the purchase of electricity (1.5% vs. the previous rate of 7%). The purchase of computers, computer systems and repair parts for a qualified data center allows companies to qualify for a 1%-10% tax credit against F&E liability under the Industrial Machinery Tax Credit.

Emerging Industry Tax Credits Tennessee law gives the Commissioner of Revenue and the Commissioner of Economic & Community Development broad latitude in classifying certain projects as part of an emerging industry. If companies can demonstrate a strong growth potential and commit to creating jobs which pay above the countys average occupational wage, the state may waive the threshold of 25 new jobs created in order to qualify for the Jobs Tax Credit. Daycare Facility Tax Credit In order to encourage the construction of daycare facilities, the state of Tennessee offers companies a tax credit against their F&E tax liability equal to the cost of 25% of the construction of a facility with a cost not to exceed $100,000 per facility and a tax credit not to exceed $25,000 per facility.

State of Tennessee Incentives


FastTrack Arguably, Tennessees most utilized tool to assist communities in attracting new jobs. FastTrack focuses on assisting companies in the training of new employees and helping communities in the development of public infrastructure which assists companies in their expansion or relocation. Taken together, these programs are known as FastTrack. Along with the Tennessee Job Skills program, FastTrack streamlines and speeds the process and reduces the cost for companies seeking to create jobs. FastTrack Job Training Assistance (FJTAP) This incentive is available to both new and expanding industry and begins with a company developing a training plan including the number of people to be hired, types of skills required and types of training needed. The plan is developed in conjunction with the FastTrack staff and is designed to be customizable and flexible. Companies will track costs associated with implementation of the training program, then submit to the state for reimbursement. Training may include: Classroom instruction On-the-job training Vendor training from the actual manufacturer of a piece of industrial equipment System support for certain types of plant-wide or company-wide applications Development and coordination of instructional materials and training programs Travel related to training A potentially faster program for reimbursement of training costs, companies may seek reimbursement from the state of Tennessee once a job creation commitment and cost-per-job is established. In order to qualify, companies must work with ECD to reach a contractual agreement which determines the cost per job and the total commitment of jobs. Once agreed upon with ECD, companies can seek reimbursement of 50% of the cost per job within the first 90 days after the job is created. The remaining 50% can be claimed 180 days after the job is created. The company must agree to provide documentation including the number of jobs created and the wages paid for each job. Multi-year contracts between a company and ECD can be reached to accommodate multiyear job creation projects. If the total commitment of jobs is reached, companies may seek the entire training reimbursement allocation through ECD.

Tennessee Job Skills Similar to FJTAP, but with a focus on employers and industries which create high skill, high wage jobs in emerging, high-demand and technology focused sectors of the economy. Training staff will work with companies to develop a unique, flexible, comprehensive training plan which meets the companys initial training needs and will then follow up to insure each phase of the program meets the companys needs. Companies track costs and apply to the state for reimbursement. Reimbursement rates depend on the level of training and the types of instructors utilized. Applicant Recruitment and Screening Utilizing the companys job specifications, the Tennessee Department of Labor and Workforce Development will recruit and screen job applicants through the departments Job Service Division. Those applicants meeting the companys criteria will be forwarded to the company for hiring consideration. The Tennessee Department of Labor and Workforce Development also provides: Leadership training for supervisors, team leaders and managers on interpersonal skills required to motivate employees. Team training where interpersonal communication is essential between supervisors and team members. Instructor certification based on a companys specific requirements. FastTrack Infrastructure Development Program (FIDP) In order to qualify for this program, local communities must apply to ECD with a goal of improving public infrastructure in order to create new jobs and business investment. 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 communitys ability to pay. FastTrack Infrastructure Development funds can be utilized to build: Water systems, including intake structures, treatment plants, storage tanks, transmission lines or other structures associated with public water service. Wastewater systems, including collector lines, treatment plants and other structures associated with public wastewater treatment services. Transportation systems, including industrial access and other public transportation infrastructure. Site improvements, including grading, infilling, leveling or other extraordinary situations in which the physical conditions of a site must be altered in order to allow capital investment for job creation. Technology systems, including the extension of broadband or high speed data transmission lines necessary for companies to conduct business. Other improvements to the physical infrastructure of a site may be considered if communities can demonstrate such improvements are required for the location or expansion of a business which creates jobs.

Business Enterprise Resource Office The Tennessee Business Enterprise Resource Office or BERO provides technical, financial and business plan development advice for small, minority-owned and woman-owned businesses. BEROs goal is for constituent companies to become financially stable and make the transition from single entrepreneur operations to growing businesses. BERO works closely with the Governors Office of Diversity Business Enterprise. BERO can assist companies with: Technical assistance, such as obtaining a business license, developing a business plan, exploring financial assistance or expansion assistance, as well as other special needs. Assisting with procurement opportunities, engaging in business matchmaking fairs and advice on making contacts with corporate buyers. Driving manufacturing initiatives and providing links to resources for expansion. Creating export opportunities and connecting companies to international market data as well as export resources at the local and federal levels. BEROs staff includes an expert in small manufacturing development whose goal is to foster business-to-business networking between large and small companies, and who maintains a manufacturers resource directory with links to trade associations, government agencies and community organizations.

State of Tennessee Grants and Loan Programs


Community Development Block Grant Program (CDBG) Grant dollars are available to communities with a population of less than 50,000 residents for the purpose of attracting new or expanding companies, as long as the projects align with one of three national objectives: 1) Principally benefit low and/or moderate income people. 2) Eliminate or prevent slums and/or blight. 3) Address imminent health and/or safety problems. CDBG grants are administered as part of two primary programs: 1) Economic Development, which includes grants for industrial infrastructure as well as loans for industrial buildings and equipment. 2) Community Development, which includes grants for water and wastewater treatment facilities, housing rehabilitation and projects aimed at improving community livability. Feedstock Processing Demonstration Loans Administered by ECD and the Tennessee Department of Agriculture, the aim of this program is to spur investment in agricultural feedstock processing facilities across the state, primarily to insure that Tennessee-grown soybeans are utilized in the production of biodiesel fuel. The program is open to new applications as existing loans are repaid. Private Activity Bonds ECD manages the federally mandated limit on the amount of bonds that can be issues through local industrial development boards, the Tennessee Housing Development Agency and for student loans. The limit is set each year by the Internal Revenue Service. Appalachian Regional Commission (ARC) ECD allocates each year a series of grants aligning with the objectives of the ARC, a federal-state partnership aimed at creating self-sustaining economic development and improved quality of life for the people of the Appalachian Mountain region. The ARC was designed primarily to benefit a region in the states of Alabama, Georgia, Kentucky, Maryland, Mississippi, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia. The grants fall into four categories: highway, non-highway, development district and regional initiative. In Tennessee, 50 counties are eligible to qualify for ARC grants, including Hamilton County. ARC Grants funds may be used to construct or improve: Infrastructure projects, like water, wastewater, roads and rail projects aimed at securing new jobs or retaining existing jobs Job training programs Development of basic skills in the areas of reading, writing, computation and computer literacy Housing Multi-jurisdictional programs creating demonstration projects aimed at enterprise development

Local Incentives
New and expanding companies locating in Chattanooga and Hamilton County may take advantage of numerous incentives. Most of the incentives vary based on a companys financial investment and the number of new jobs. Tax Abatement Local incentives are offered by the Chattanooga and Hamilton County governments in the form of a payment in lieu of tax (PILOT) program for new & expanding businesses. This incentive allows qualified businesses to substantially reduce their local real and/or personal property taxes for new investments in real and personal property. Typically, projects must have a investment value of at least $5 million in new real and personal property, create 50 or more new jobs with wages equal to or greater than the average wage in Hamilton County as reported by the U. S. Department of Labor. Once a client is able to share information on the type of project, proposed capital investment, new jobs, and payroll, the Chattanooga Chamber can readily provide a preliminary commitment with regard to tax abatement and land cost. The city and county are prepared to offer some form of tax abatement in combination with a competitive land cost for manufacturing companies interested in locating in Chattanooga.

Other Programs
EPB of Chattanooga EPB offers Enhanced Growth Credits and other services designed to enhance efficiency for commercial and industrial customers. The Enhanced Growth Credit program can offer companies credits on their electric bill when adding electric load through an expansion or installation of electric space conditioning equipment and can last for up to eight years. Economic Development Administration EDA provides assistance to local governments for development of public infrastructure and facilities necessary to generate or retain private sector jobs and investments, attract private sector capital, and promote regional competitiveness. Focus areas include technology-led development, brownfields redevelopment, and eco-industrial development. Expedited Permitting The Chattanooga Chambers economic development staff can facilitate resolution of permitting issues to ensure an efficient construction approval process. Foreign Trade Zone Companies located within a foreign trade zone or foreign trade sub-zone can eliminate, reduce or defer customs duties on imported and/or exported products. Foreign Trade Zone 134 includes Centre South Riverport Industrial Park, Enterprise South Industrial Park, and several other industrial sites in Chattanooga/Hamilton County and industrial parks in neighboring Marion and Bradley Counties and Warren County in Middle Tennessee. FTZ 134 encompasses over 5,000 acres.

Renewal Community Chattanooga was designated in 2002 as a U.S. Department of Housing and Urban Development Renewal Community (RC). Businesses within the designated RC can receive tax credits, tax deductions, and accelerated write-offs for new construction or extensive building renovations . Retail, commercial, industrial and mixed-use (retail/housing) businesses are all eligible. The tax credits can be fairly substantial to companies in the Renewal Community that also employ people who live within the RC . In addition, businesses throughout Hamilton County are eligible for tax credits if they hire RC residents and/or individuals from populations with high unemployment rates or special employment needs, such as veterans, individuals with disabilities, ex-felons, and recipients of food stamps, welfare, or SSI benefits. The RC encompasses Census Tracts 2, 3, 4, 8, 10, 15, 16, 19, 20, 21, 26 and 31 ; and includes portions of communities with zip codes 37402, 37403, 37404, 37405, 37406, 37407, 37408, 37409 and 37410. To verify an RC address, go to http://egis.hud.gov/egis/cpd/rcezec/ezec_open.htm. The most significant RC tax incentives for businesses are: RC Employment Credit: Up to $1,500 federal tax credit for every qualified employee living and working within the RC . Work Opportunity Tax Credit: Up to $2,400 tax credit for qualified new hires from populations with high unemployment rates or special employment needs. Residents and businesses do not have to reside in the RC to be eligible for this tax credit. Commercial Revitalization Deduction: Up to 50% deduction allowed in the first year a building is placed in service or 10% over 10 years can be taken for qualified expenses related to acquisition and/or improvement to commercial properties in the RC . Capital Gains Deduction: 0% capital gains on profits made from the sale of assets (tangible or intangible) by qualifying businesses in the RC that hold the asset and employ at least 35% of their workforce from the RC for at least 5 years.

Chattanooga is one of 40 U.S. communities, one of 28 cities, and only one of two in Tennessee (the other being Memphis) to be awarded Renewal Community status. The Tennessee Career Center System The Tennessee Career Center System provides new and existing employers a broad range of human resource and business support services including employee recruitment, aptitude assessment, interest inventories, applicant screening, job matching, and referral for hiring consideration. The system is staffed by a skilled team of workforce professionals that can assist employers with the development of customized training programs and, where appropriate, can help companies to tap into incentive opportunities that reimburse expenses associated with the training of new and/or incumbent workers. All Career Center services are provided at no cost to the employer and the job seeker.

Tennessee Valley Authority TVA and its economic development partners offer various types of financial assistance to meet the needs of new and existing businesses. Economic Development Loan Funds TVAs Economic Development Funds were established to stimulate economic development and leverage capital investment in the TVA power service area. Through leveraging other public and private financial sources, TVA loan funds are used to promote economic expansion and job creation. The loan funds are primarily available to manufacturing firms and local nonprofit economic development entities. Loans can be used to fund the construction of new manufacturing facilities, expansion of existing facilities, and development of publicly owned industrial sites or buildings. Valley Investment Initiative for Existing Customers The Valley Investment Initiative for Existing Customers (VII-E) is an economic development incentive program jointly offered by TVA and participating distributors of TVA power. VII-E offers financial incentives to existing power customers who contribute to the economic development of the seven-state Tennessee Valley region and complement TVAs power system resources.

Downtown
Downtown Stats
Population Total population Male population Female population Total households Median age Avg. household income 26,194 12,801 13,393 12,122 35.5 $56,274 Employment Total employees working downtown Total # of businesses downtown % of workers in blue collar occupations % of workers in white collar occupations % of MSA employment 49,201 2,877 37.1% 62.9% 19%

Source: DemographicsNow, 2010 estimates Geography: Zip Codes 37402, 37403, 37405 and 37408

Downtown Real Estate


Overview Chattanooga's Central Business District has seen a resurgence of activity, led by condominium and apartment construction. Some $71.2 million of projects are under construction by twelve different developers and another similar amount have been announced. Some of the major projects are the development of Riverpier Landing and Windsor Aughtry's Museum Bluff project, both of which have a retail component. Seven of these projects are renovations of older buildings with the balance being new construction. Vacancy Rates New Office Construction n/a Class A Office (Prime) 7% Class B Office (Secondary) 12% Retail 5%
Source: Charter Real Estate

Downtown Fast Facts


Nearly 50,000 people work downtown every day. More than 200,000 residents attend downtown concert events at Miller Plaza annually. The Riverbend Festival, held in downtown Chattanooga, is one of the top ten festivals in America and admissions exceed one-half million. The University of Tennessee at Chattanooga enrolls over 10,000 students annually. Downtown Chattanooga is served by a FREE shuttle system utilizing electric, zero-emission busses. In service since 1992, CARTAs Downtown Shuttle service has recorded over 11.3 million passenger trips, making downtown retail stores, offices and restaurants more accessible. The quiet, environmentally friendly, electric buses have run more than 1.9 million miles saving an estimated 65 tons of pollutants. Three bridges expedite traffic flow into downtown. Downtown Chattanooga is easily accessible from all surrounding communities. It is sometimes called a 15 minute community meaning that it only takes 15 minutes to go from one end to the other. The 21st Century Waterfront projects represent the latest chapter in Chattanoogas remarkable downtown renaissance. When Chattanoogans envisioned a renaissance for their city 20 years ago, they returned to the river. Now the banks of the Tennessee River flourish with an aquarium, a childrens museum, a carousel, theaters, walking paths, a pedestrian bridge and a score of other projects that helped revitalize a dying downtown. A $120-million, 129-acre vision, capitalized on the public/private partnerships that have made Chattanooga a model for urban revitalization.
Source: Chattanooga Area Chamber of Commerce, Chattanooga Area Regional Transportation Authority, Chattanooga Downtown Partnership, RiverCity Company

Downtown Schools
Two new neighborhood based magnet elementary schools were built to better serve downtown residents and help attract new residents to downtown and close in neighborhoods. Local private donors contributed one-half of the construction dollars. The children of downtown employees are also able to attend these new schools that were funded equally by public and private dollars. Both schools have close affiliations with the University of Tennessee at Chattanooga (UTC). Both have before and after-school care as well as preschool components. One school is located adjacent to UTC at 8th and Baldwin Streets and the other is at Market and Main Streets in the rapidly developing Southside area. Both schools opened in August 2002.
Source: RiverCity Company

Chattanoogas 21st Century Waterfront


Rosss Landing Park Rosss Landing Park is the renovation and expansion of the existing downtown waterfront park. A new City Pier extends from the City Green across the park and over 120 into the river. The pier is punctuated by seven stainless steel light masts by artist James Carpenter and an accessible ramp leading to the rivers edge. The Passage The Passage, a new 350-foot pedestrian underpass connecting Market Street to the river bank, depicts 1,000 years of Native American history, lore and art in an interpretive, graphic encounter. The artist collaborative named Gadugi a Cherokee term for working together has created a series of ceramic disks recounting the Cherokee creation myth, and stainless steel sculptures of stickball players at this historic trailhead. The park also includes expansive new lawns, amphitheaters, and over 2,800 feet of new dock space, all of which will double as venues for Riverbend, the Citys signature summer music festival. First Street Part of the historic city grid but previously relegated to life as a parking lot, First Street has been rebuilt as an accessible pedestrian connection linking the river, the Aquarium, and the surrounding blocks to the Hunter Museum and the neighboring Bluff View Arts District, as well as North Chattanooga. The dramatic Holmberg Bridge crosses over Riverfront Parkway and provides stunning views and an easy pedestrian connection to the Hunter Museum. The steep slope along First Street between Market and Cherry streets is negotiated by flights of stairs and a 100-long incline elevator. Along the block between Cherry and Walnut streets, called the Garden Block, future shops, galleries, restaurants and residences will line already constructed terraced lawn panels. The terraces currently serve as park, sculpture garden, and festival space. Renaissance Park Renaissance Park is a new 23-acre waterfront park on the north shore of the Tennessee River adjacent to popular Coolidge Park. The site has a rich history. It was part of the overland route of the Trail of Tears, a Civil War encampment and African-American settlement, and a former enamel stove factory. The parks landscape infrastructure - earthworks, created wetlands, floodplain forest, trails and a new green roofed pavilion preserve and interpret the culture and ecology of the site as well as provide access to the river for recreation.

Downtown Development Projects in Progress


Entertainment Carmike 12 Cinema Complex Bijou Theater Redevelopment Housing Clearstory Soho on Main Walnut Commons Walnut Hill Townhomes Hospitality Hampton Inn & Suites Major Downtown Employers BlueCross BlueShield of Tennessee - Cameron Hill Campus Unum Group - Campus Enhancements
Source: RiverCity Company

Downtown Development Completed Projects


Completed Housing Projects 1603 Williams Street 17th at Long 1800 Cowart Townhomes 1808 Cowart Street 1900 Cowart Street Battery Place Cherry Street Townhomes Cowart Place Crabtree Condominiums Museum Bluffs - Riverside & Parkside Palmetto 8 River Point Riverset Apartments Robinson Apartments Seventeens on the Southside Stanton Row

Completed Hospitality Projects Chattanooga Choo Choo The Chattanoogan Chattanooga Visitor's Center at Aquarium Plaza Convention & Trade Center Expansion Courtyard by Marriott Doubletree Hotel Hilton Garden Inn Residence Inn by Marriott Sheraton Read House Completed Mixed Use Projects Housing & Retail 1st and Market BridgeView The Clark Centre The Four Seventeen on Frazier Frazier Place Grand Hotel Lofts on Main Loveman's on Market Market Street Lofts (Southern Railway Building) One North Shore Renaissance Square River Point Landing St. Johns The Terrace on Frazier Completed Museum & Entertainment Projects AT&T Park Bijou Theater Bluff View Arts District Chattanooga Theatre Centre Creative Discovery Museum Finley Stadium Houston Museum Hunter Museum of American Art IMAX 3D Theater Memorial Auditorium Tennessee Aquarium Tivoli Theater

Completed Public Infrastructure Projects #1 Fire Station 17th Street Streetscaping 3rd & 4th Street Improvements CARTA Parking Garages CARTA Free Electric Shuttle Greywater System Market Street Redesign Riverfront Parkway Redesign Solar Arrays at Finley Stadium Completed Public Places City Council Building City Hall Restoration Coolidge Park Hamilton County Courthouse Renovation Millennium Riverpark Project Miller Park Miller Plaza Renaissance Park Ross's Landing Plaza Sanctuary Skate Park Tennessee Riverpark Walnut Street Bridge Completed Retail/Commercial Projects 2 North Shore Brabson Place Historic Ironstead Building
Source: RiverCity Company

For more information on downtown projects, contact River City Company at (423) 265-3700.

Downtown Development Completed Projects


1st and Market Residential Project This residential development features twelve luxury condominium flats with views of the river. First and Market also offers over 3,500 square-feet of retail on the lower floor. This site is directly across from the River Place Visitors Center and the Tennessee Aquarium. Four town-home units were completed along First Street in February 2004. Eight three-story town-homes will be added later along Cherry Street. All current units sold. 3rd and 4th Street Improvements Construction began summer 2002 to change Fourth Street to a beautiful two-way boulevard between Broad Street and Georgia Avenue. Fourth Street was widened to accommodate four moving lanes, on-street parking and a tree-filled median. Third Street also became two-way. Work was completed in summer 2003. 17th Street Streetscaping This streetscape project from Broad to Market Streets on 17th Street provides a linear park designed to eventually connect three Southside neighborhoods including the new Cowart Place residential area. It features a 9' wide sidewalk on the northern side, with a continuous planting bed. A small park connects Cowart to 17th Street, which will serve as a neighborhood gathering place. The street includes two pocket "play" parks per block. This project is unique in that it will capture storm water runoff (roofs and sidewalks) in a water tower at 17th and Market Streets. The stored water will irrigate street trees and allow the landscape system to survive during drought periods. This project was completed in early 2004. 201 Broad Street This mixed-use retail and office development focuses on the adaptive reuse of the former Coca-Cola Bottling plant. The Tortilla Factory restaurant, which opened in summer 2000, the Courtyard by Marriott Hotel, which opened in April 2001, The Mellow Mushroom, which opened in February 2002, and the new 140-seat Easy Seafood Company are all elements of this development. The administration and education offices of The Tennessee Aquarium occupy the second floor of this building. 401 Building Two Chattanooga businessmen invested $10 million to revitalize a 1960s-era office building located at the key intersection at the newly widened Fourth Street and Chestnut Street. Much of the exterior was changed dramatically including opening up the structure with larger windows facing the soon-to-be-completed waterfront construction. The main entrance was shifted from Chestnut to Fourth Street with a new two-story lobby. A new restaurant with outdoor seating along 4th Street is also planned. These improvements were completed in January 2005. Total cost: approximately $10 million Central Block Built in 1883 and listed on the National Register of Historic Places, the three-story Central Block building has been restored as the new location for United Way of Greater Chattanooga. Located at the corner of 7th and Market Streets, this 20,000 square foot brick Italianate building is in the heart of the Central Business District. Construction began in June 2003, and work was completed in early 2004. Total cost: approximately $3.5 million The Chattanoogan Chattanoogas new conferencing center contains 210,000 square feet of space, with 202 guest rooms and suites, 20 meeting spaces totaling 25,000 square feet, a restaurant and bar, and retail space. The Chattanoogan is located in the block directly south of the Tennessee Valley Office of Power Complex in the heart of the Southside. This facility is truly unique and features the latest in data communications technology.

Convention/Trade Center Expansion The expansion of the Chattanooga/Hamilton County Convention and Trade Center added 188,000 square feet to the 110,000 square feet of existing space. The addition includes 100,000 square feet of contiguous exhibit space with 30 feet of clear span height and numerous break out/meeting spaces. Renovation of the older meeting spaces and halls, and construction of the new addition were completed in the summer of 2002. Development Resource Center This is the new home of the City of Chattanooga and Hamilton County development-related departments. This project was ambitious, asking for the design of the 3-story civic building to be a model for sustainability for the 21st century. It is located on Market Street just north of the St. Johns apartment and retail development and is one block from Prime Outlets at Warehouse Row in the Southside. The project was completed in November 2001. First Volunteer Bank Construction began in August 2001 for a 14,000 square foot addition to their existing building located at 728 Broad Street in the Central Business District. Construction was completed in May 2002. Frazier Avenue Prior to the conversion of the Walnut Street Bridge in 1992 to a linear park connecting the Northshore neighborhood to Ross's Landing and the Central Business District, the older commercial buildings along Frazier Avenue were in a steady decline. The City of Chattanooga improved the sidewalks and added new street trees, and a unique public art program entitled "Steppin' Out on Frazier Avenue" was funded by the Lyndhurst Foundation depicting 13 individual dances using brass footprints by local artist Jim Collins in the sidewalks along both sides of Frazier Avenue. In October 1999, Coolidge Park was built occupying ten prime riverfront acres just south of Frazier Avenue on River Street. Now Frazier Avenue and the entire Northshore community is the place to be! Since construction started on Coolidge Park in 1998, at least 10 new restaurants and 24 new shops have opened and more are currently being planned. New residential units have been developed nearby and older homes are being restored in surrounding neighborhoods. Hamilton County Courthouse Renovation The renovation of the Hamilton County Courthouse began in July 2002 and consists of replacing the roof of the building, waterproofing the exterior and foundation, installing attic sprinklers, handrails, a fire pump and an irrigation system. This phase of work was completed in April 2004. The second phase of work included an overhaul of the heating and air conditioning systems, improvements to the fire and smoke alarm systems, new electrical infrastructure and makeovers for the Circuit and Chancery Court courtrooms. The second phase of work was completed in 2005. Total cost: approximately $5.4 million Jacks Alley Several older buildings in the 400 Block of Market and Broad Streets were purchased and renovated by the Chattanooga Land Company between 1995 and 1999. One building in the center was removed to provide a unique through-block alleyway upon which several new restaurants and shops now front. Tenants in this restored complex of buildings include: Sticky Fingers Restaurant, Panera Bread, Taco Mac, The Big Chill and new second floor loft offices. Lovemans on Market Refurbishment of this 180,000 square foot historic building located at the corner of 8th and Market Streets began in Fall 2001. This former department store features commercial space on the ground floor with up to 40 condominiums planned for the upper five floors. Two penthouse units atop the six-story building will have about 3,000 square feet each. An outdoor garden and patio will be located on the roof below the penthouse level and will feature a walking track.

Market Centre Building This four-story, 40,000 square-foot Class-A office building was recently completed in the gateway of the central business district in the 800 Block between Market and Board Streets. The first tenants moved into the building in March 2001. Parking for tenants and visitors is available on-site. Market Street Redesigns Currently in the design phase, construction began in summer 2002 to provide streetscape and roadway improvements to three key blocks of the Central Business District on Market Street between 6th and M. L. King Boulevard. The project includes the return of onstreet parking spaces, new pedestrian lighting, bike racks, water bubblers, street benches and trash receptacles as well as new street resurfacing and the addition of new sidewalks. CARTA also designed new bus shelters for these blocks. Work was completed in May 2003. Riverfront Parkway Redesign Community leaders have recently taken another look at how Riverfront Parkway, as it stretches along the edge of downtown and the river, could be redesigned into a pedestrian friendly street that connects, not divides, downtown and the Tennessee River. The dramatic redesign included four new at-grade intersections at Houston, Lindsay, Second and Lookout Streets to improve access to downtown and assist in the change of character of the road to an urban street. Removal of median barriers and the installation of curbs, gutters, sidewalks and tree planted medians turn the parkway into a downtown address. Finally, the Chestnut Street intersection was slightly repositioned in a narrowed half mile two lane segment to further enhance Ross's Landing and improve pedestrian access. These improvements were completed in mid-2004. Sheraton Read House Hotel & Suites A major upgrade began in October 2003 to revamp this historic downtown hotel. Improvements included the addition of a Porters Steakhouse and Starbucks Coffee Shop and a new indoor swimming pool. General common area and room upgrades will be made throughout, including the addition of new furniture, linens and lighting. Every room will include Internet access. Work was completed September 2004. Total cost: approximately $11 million St. Johns Mixed Use Project This historic restoration converted a once-grand hotel into 14,000 square feet of commercial/retail space on the first floor and 15 market-rate apartments on the upper floors. The St. Johns Restaurant is located on the ground floor, as well as other office and retail tenants and offices for the Community Foundation. The restoration was completed in mid-2004. Total cost: approximately $3.5 million
Source: RiverCity Company

Quality of Life
Climate
Annual Average Temperature (avg. low 50.2 degrees, avg. high 70.6 degrees) Annual Rainfall Annual Snowfall Prevailing Wind Direction Average Elevation (Downtown)
Source: NOAA, National Climatic Data Center, Local Climatological Data

60.5 degrees 51.8 inches 2.8 inches South 675 feet

Recreation
Parks Golf Courses Country Clubs Community Centers Hotels and Motels 98 (over 800 total acres) 17 9 public, 8 private 8 16 67 (9,000+ total rooms)

Source: Hamilton County Parks and Recreation

Bluff Furnace Historical Park This mini-park next to the Walnut Street Bridge marks the site of the first furnace (built in 1854) in the Southern Appalachian region to burn coal or fuel. Chattanooga Audubon Society Operates the Audubon Acres nature preserve in East Brainerd and the Maclellan Island Wildlife Sanctuary downtown. Chattanooga Greenways So far, 25 miles of this planned 75-mile network of trails and parks have been completed. Chattanooga Nature Center Features a wildlife diorama, animal rehabilitation hospital and a red wolf survival program. Reflection Riding Located next to the Chattanooga Nature Center, this nature preserve and arboretum offers horseback riding and hiking.

Rosss Landing Park and Plaza This four-acre park surrounding the Tennessee Aquarium tells the story of Chattanooga with a series of embedded artifacts, native plants and sculpture. Tennessee Riverpark Downtown sections connect the Bluff View Art District, historic Battery Place and the Tennessee Aquarium. Eight miles of 22 total miles have been finished. Fishing piers and boat launches are found a few miles upstream. Walnut Street Bridge The worlds largest walking bridge connects downtown to Coolidge Park.

Tourism
Tourism is a $710 million industry in Chattanooga and Hamilton County. Tourism and hospitality account for 7,460 Chattanooga and Hamilton County jobs with an annual payroll of over $168 million. Hotel/Motel Room Receipts for 2008 totaled $110,848,712.

Sports
Chattanooga Lookouts Chattanoogas AA baseball club plays in AT&T Park. The teams new location overlooking the Tennessee Aquarium brings old and new fans to the downtown area. Greater Chattanooga Sports & Events Committee Works to assist local sports organizations in pursuit of sports events and meetings that provide economic benefit to the area. The organization also identifies, recruits and promotes sports events that bring out-of-town visitors to the area including the NCAA Division I-AA Football Championship. University of Tennessee at Chattanooga (UTC) athletics The UTC Mocs, a member of the Southern Conference, field intercollegiate teams in football, basketball, tennis, wrestling, track and field, cross country and golf. The Lady Mocs conduct programs in basketball, volleyball, cross country, soccer, softball, tennis and track and field. The football Mocs play at Finley Stadium. The basketball Mocs play in the UTC Arena, while the Lady Mocs play most of their contests in UTCs Maclellan Gymnasium.

Attractions
Chattanooga Choo Choo Originally opened as Terminal Station in 1909, the Chattanooga Choo Choo is now a 30-acre vacation playground featuring railroad car sleeping quarters, theme restaurants, trolley rides, a large model railroad exhibit and beautiful Victorian fountain gardens. Coolidge Park Opened in the summer of 1999 to honor WWII hero Charles Coolidge, Coolidge Park features and antique carousel, a delightful play fountain and Walker Pavilion. Lookout Mountain Incline Railway Built over 100 years ago, Americas Most Amazing Mile climbs the side of Lookout Mountain. The Passage Permanent public art celebrating Cherokee culture, symbolism and mythology commemorating the Trail of Tears. Point Park/Chickamauga and Chattanooga National Military Park The first and largest military park authorized by Congress after the Civil War, Point Park offers an incredible view of the city and tells the story of the battles fought in Chattanooga during the Civil War. The nearby Chickamauga Battlefield in North Georgia sees over 500,000 visitors each year. Raccoon Mountain Crystal Caverns A wonderful family attraction featuring underground caverns. Rock City Gardens A marvel of nature featuring ancient rock formations, gardens with over 400 different plant species and panoramic views, 1,700 feet above sea level. Ruby Falls Home to a 145-foot constantly flowing waterfall in an underground cave. Southern Belle (Chattanooga Riverboat Company) A floating restaurant and paddleboat, the Southern Belle takes long and short trips up and down the Tennessee River. Tennessee Aquarium The largest freshwater aquarium in the world features permanent and traveling exhibitions in River Journey. The aquarium adventure continues in Ocean Journey, complete with a saltwater habitat and butterfly garden. Tennessee Aquarium IMAX 3D Theater One of the few 3-D IMAX Theaters in the Southeast. Chattanooga Zoo at Warner Park Home to a petting zoo and a variety of exotic animals, including primates and jaguars.

Museums
Association for Visual Arts Located on Frazier Avenue, promotes local and regional artists. Battles for Chattanooga Museum Located on Lookout Mountain, this museum gives an overview of the battles fought in and around Chattanooga during the Civil War. Chattanooga African-American Museum at Heritage Center Dedicated to showcasing the achievements of African-American men and women around the world. Home to many valuable and rare artifacts and documents. Chattanooga Regional History Museum Permanent and temporary exhibits use artifacts, documents and photos, recreated and animated settings and participatory activities to educate audiences of all ages about Chattanoogas rich heritage. Creative Discovery Museum A great place for children to discover themselves and the world they live in with hands-on, interactive arts and science exhibits. Dragon Dreams Museum Showcases over 2,000 dragons crafted in many different materials. Houston Museum of Decorative Arts Located in the Bluff View Art District, the Houston Museum showcases and antique glassware collection. The museum also features American furniture, china and ceramics from the 18th and 19th centuries. Hunter Museum of American Art Home to one of the countrys most extensive collections of American art, the Hunter displays everything from 19th century landscapes to 20th century glass and photography. International Towing and Recovery Hall of Fame and Museum This unique museum has antique wreckers and artifacts from the towing industry, which began in Chattanooga. Medal of Honor Museum of Military History This one of a kind museum honors the men and women who have received the U.S. militarys highest award for valor. Messianic Museum Collection of ancient and modern Hebrew artifacts. Miniatures Museum Features dollhouses and room boxes by various artists.

Siskin Museum of Religious Artifacts Features more than 400 items from many world religions in a variety of media. Tennessee Valley Railroad Museum The largest operating historic railroad in the Southeast.

Shopping
Hamilton Place Mall Largest shopping mall in Tennessee features over 200 retail stores. Northgate Mall Has over 100 specialty shops, three major department stores and several surrounding restaurants in the Hixson community. North Shore Shopping District Quaint specialty stores on the north shore of the Tennessee River.

Hamilton County, TN Library System


Collection Size / # of Branch Downtown Library - Main 1001 Broad Street Chattanooga, TN 37402 Eastgate Branch 5900 Building 5705 Marlin Road Chattanooga, TN 37411 Northgate Branch 278 Northgate Mall Drive Chattanooga, TN 37415 Ooltewah/Collegedale Branch 9318 Apison Pike Ooltewah, TN 37363 South Chattanooga 925 W. 39th Street Chattanooga, TN 37410 # of Public Access Computers # of Visitors # of Programs # of Days Open Per Week

Volumes
905,426

45

266,835

1,124

53,014

15

115,362

165

46,027

15

106,106

156-180

57,596

13

95,316

310

23,155

31,226

119

Source: Chattanooga-Hamilton County Bicentennial Library.

Performing Arts
Ballet Tennessee Presents contemporary and classical ballet performances. Barking Legs Theater Contemporary theater presents dance and drama, also offers classes in dance. Bessie Smith Hall at Heritage Center Celebrating the legendary blues artist, this 264-seat performance hall is reminiscent of the intimate cabaret clubs the Empress played in during the 1920s and 30s. Chattanooga Ballet Hosts an annual production of The Nutcracker and other events during the year. Chattanooga Boys Choir Known for the annual Singing Christmas Tree, features the voices of over 160 local boys. Performs locally and nationally. Chattanooga Girls Choir Featuring over 150 girls each summer touring and competing. Chattanooga Symphony and Opera Association Over 50 year old institution providing Chattanooga with symphony, opera, chamber music and pops programs. Also features a youth orchestra. Chattanooga Theatre Centre The oldest continuously active community theater in the country. Choral Arts of Chattanooga The only professional chorus in Tennessee, performing for over 20 years. Choral Society for the Preservation of African-American Song Performs traditional African-American music throughout the Southeast. COPAC (Contemporary Performing Arts of Chattanooga) Encourages a broad awareness of the performing arts. Shaking Ray Levi Society Innovative artists who present their work through dance, music, film, poetry, storytelling and free improvisation. Soldiers and Sailors Memorial Auditorium Renovated 15 years ago, Memorial Auditorium books national and local shows. Opened in 1924 to honor Chattanoogas WWI veterans. Listed on the National Register of Historic Places. Tivoli Theater This beautifully renovated 1920s movie palace presents performances by the Chattanooga Symphony and Broadway plays. Listed on the National Register of historic places.

Annual Events
4 Bridges Arts Festival Held at the First Tennessee Pavilion on Chattanoogas Southside, a setting accessible to diverse local audiences and tourists. The festival supports and develops arts leadership in the community; expands cultural tourism and helps educate people about the business and future of the arts. Annual Fall Color Cruise & Folk Festival Music, dance, food, crafts and entertainment, plus cruises through the Grand Canyon of the Tennessee River in its autumn splendor. Chattanooga CultureFest in Coolidge Park A celebration of Chattanoogas cultural diversity, featuring entertainment and food from all of the cultures found in Chattanooga. Christmas on the River and the Grande Illumination Chattanooga kicks off the holidays in Coolidge Park. The event includes a lighted boat parade. Hamilton County Fair Entertainment, rides, games, food, exhibits, special childrens area, country crafts, livestock and more. Nightfall Concert Series Free concerts every Friday evening at Miller Plaza from late May through September. Rhythm & Noon Concert Series Free concerts at Miller Plaza every Friday noon 1 p.m. from May through August. Riverbend Festival Nine nights on the riverfront with live country, jazz, blues, pop, folk, rock and classical music from national recording artists and rising stars. The Souths largest block party, The Bessie Smith Strut is a special part of the festival that occurs on M.L. King Jr. Boulevard downtown. RiverRoast Annual barbecue cooking competition, rowing regatta, live music and fireworks. Southern Brewers Festival Microbreweries from across the U.S. provide samples for patrons, along with food and soft drinks. Entertainment provided by live national and regional acts. Wine Over Water Festival Festival of wine samples held on the Walnut Street Bridge. Proceeds go to restore historic buildings in the area.

Housing Costs
Year 2005 2006 2007 2008 2009 Median Sale Price $131,900 $136,000 $130,900 $129,100 $122,600

Source: National Association of Realtors

2010 Estimated Zip Code Information


for Chattanooga-Hamilton County Population 2000 Census 2010 Est. 37302 Apison 2,735 2,793 37308 Birchwood 2,475 2,783 11,969 13,235 37341 Harrison 37343 Hixson 37,065 40,842 37350 Lookout Mtn. 1,998 2,024 37363 Ooltewah 23,896 30,824 37373 Sale Creek 2,787 3,226 37377 Signal Mtn. 14,970 15,890 37379 Soddy Daisy 22,766 26,287 37402 Downtown 4,166 3,571 37403 Erlanger-UTC 4,009 4,960 37404 Highland Park 14,517 14,428 37405 N. Chattanooga 14,868 15,852 37406 E. Chattanooga 14,453 14,267 37407 East Lake 7,760 7,928 37408 S. Broad 1,924 1,811 37409 St. Elmo 3,217 3,247 37410 Alton Park 4,466 4,440 37411 Brainerd 17,471 17,633 37412 East Ridge 20,424 21,042 37415 Red Bank 22,118 23,690 37416 Hwy. 58 14,506 15,163 37419 Lookout Valley 5,442 6,364 37421 East Brainerd 40,133 46,927
Source: DemographicsNow

2015 Proj. 2,765 2,842 12,635 40,913 1,859 30,825 3,179 15,927 26,969 3,336 5,449 13,814 17,372 13,362 7,319 1,758 2,981 4,046 17,204 19,755 22,885 17,785 7,174 60,007

Households 2000 Census 2010 Est. 1,067 1,096 896 1,029 4,373 4,872 14,436 16,011 790 807 8,331 10,943 1,131 1,316 5,765 6,003 8,633 10,022 2,406 2,026 1,255 1,687 5,252 5,240 7,160 7,741 5,657 5,629 3,175 3,268 701 669 1,298 1,319 1,662 1,662 7,437 7,565 9,170 9,498 10,195 11,008 5,898 6,187 2,275 2,709 16,387 19,314

2015 Proj. 1,095 1,059 4,693 16,180 747 11,051 1,309 6,213 10,366 1,885 1,957 5,048 8,773 5,323 3,042 662 1,222 1,524 7,468 8,982 10,763 7,319 3,108 25,492

Medical Care
Health Care Providers in Hamilton County Medical Doctors 891 Registered Nurses 5,321 Dentists 199 Psychiatrists 25 Psychologists 81
Source: Health Statistics and Information, Tennessee Department of Health, 2008

Chattanooga/Hamilton County Hospitals Hospitals Nursing Homes Residential Homes for the Aged Home Health Organizations Assisted Living Health Care Costs Optometrist Visit Doctor's Visit Dentist's Visit Chattanooga MSA* $87.00 94.73 59.67

Number 11 12 12 15 16

Licensed beds 4,940 1,842 282 N/A 995

National Average $85.00 82.98 77.68

Source: ACCRA Cost of Living Index, 2009 Annual Average

Chattanooga is known as a regional leader in the medical field. In Hamilton County, 11% of jobs and 12% of payroll are generated by health care. Recognition of Chattanoogas medical community includes: Erlanger Medical Center is one of only six Level I Trauma Centers in the State of Tennessee. This status also includes responsibility for T. C. Thompson Childrens Hospital, which makes it one of only two Level I Pediatric Trauma Centers in Tennessee. Together they are the only trauma centers within 100 miles of the Chattanooga area, and state of Tennessee. They primarily serve patients from Tennessee, Alabama, Georgia, and North Carolina, with more than half of the patients coming from outside of the home county. The Regional Emergency Medical Services Alliance (REMSA) is based at Erlanger. REMSAs Air Medical Program, LIFE FORCE began operations in December 1988 with one aircraft that averaged over 700 patient flights annually. With the addition of LIFE FORCE 2 and 3, and expansion into areas not previously served by air medical transportation, LIFE FORCEs annual patient flights have doubled. In 1995 LIFE FORCE 2 was added to better serve the Upper Cumberland region communities and LIFE FORCE 3 was added in 2007 to provide additional coverage to the North Georgia region. These additional aircraft have aided in improving the odds in the race against time during the Golden Hour. The Tennessee Craniofacial Center is one of the leading facial reconstructive centers in the county, treating patients from all over the world. The Chattanooga Heart Institute is one of the leading heart centers in the region. Siskin Hospital is Tennessees only not-for-profit hospital dedicated to physical rehabilitation.

Transportation
Public Transportation: Chattanooga Area Regional Transportation Authority (CARTA) operates 73 buses over 14 fixed routes, transporting more than 2.6 million passengers a year. CARTA also operates the free electric shuttle service in the downtown area. CARTA also operates Care-A-Van vehicles, a scheduled service for handicapped passengers. Highway Commutes: Chattanooga is at the intersection of three major highways Interstates 24, 75, and 59. Interstate 24 enters Chattanooga from the northwest; Interstate 75 runs through Chattanooga to the north and south; Interstate 59 comes to Chattanooga from the southwest. A network of accessible and free-flowing secondary roads connects those interstates to every corner of the city. Chattanooga is what is sometimes referred to as a fifteen minute town, meaning that a person can get from just about any location to any other location in about fifteen minutes. Air Travel: Air service at the Chattanooga Metropolitan Airport is provided by a number of carriers offering passenger and cargo service to all major cities in the U.S. Commercial service is provided by Allegiant Air, American Eagle, Delta Connection Carriers, Northwest Airlink and US Airways Express.

Fire Protection
Chattanooga Hamilton County Insurance Rating Class 2 3-9 Average Response Time <5 minutes <5 minutes

Source: Chattanooga Fire Department

Utility Services
In terms of energy costs and availability, the Chattanooga region is in an enviable position relative to other locations in the U.S. Both electricity and natural gas are available in plentiful supplies and at some of the most reasonable rates found anywhere. In addition, water supplies are plentiful and sewage treatment is available throughout the region, with considerable excess capacity to support industrial expansion Power System: Source Company: Power System: Source Company: Water: EPB Tennessee Valley Authority Chattanooga Gas Company East Tennessee Gas & Southern Natural Gas Company Tennessee American Water Company Eastside Utility Hixson Utility District Tennessee River, Case Springs (Hixson Utility District only)

Source:

*Metropolitan Statistical Area (MSA) includes Hamilton, Marion and Sequatchie counties in Tennessee and Catoosa, Dade and Walker counties in Georgia.

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