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Business Relocation
facts & figures   •   economic development   •   business directory

Workforce information

For workforce availability information, click on:

www.memphissuperregion.com

For information on hiring incentives and tax advantages, click on:

www.state.tn.us/labor-wfd/

Key contact points:

Bolivar Energy Authority
Mr. John Fortune
P.O. Box 188
815 Tennessee Street
Bolivar, TN 38008
1-800-332-0457
jfortune@bea-tn.com

Middleton area electrical information

Tippah Electric Power Association
Danny Caples
P.O. Box 206
109 E. Cooper Street
Ripley, MS 38663
662-837-8139
dcaples@dixie-net.com

Bolivar Gas Company
Clyde Dellinger
502 Jackson Street
Bolivar, TN 38008
731-658-5894

ECONOMIC DEVELOPERS FOR HARDEMAN COUNTY

Southwest Tennessee Development District
Joe Barker
27 Conrad Drive
Jackson, TN 38305
731-668-7112
jwbarker@swtdd.org

West Tennessee Industrial Association
Mike Philpot
26 Conrad Drive
Jackson, TN 38305
1-800-336-2036
mphilpot@wtia.org

Hardeman County Joint Economic and Community Development Board
Willie Spencer, Chairman
P.O. Box 250
Bolivar, TN 38008
731-658-3266
mayorspencer@aeneas.net

Tennessee Small Business Development Center
Ron Acree, Director
197 Auditorium Street
Jackson, TN 38301
731-697-2947
racree@mail.tsbdc.org
www.tsbdc.org

"Take it from those who've been there....."

"Working with Hardeman County to relocate Griffin Wire has been a tremendous experience. I am looking forward to a long and mutually partnership with some folks who really know how to do economic and community development."

- John Griffin, CEO, Griffin Wire

Business Facts & Figures

Property Tax Rate per $100 value:

Hardeman County $2.26 plus, within the city limits of:

Bolivar $1.1466

Grand Junction $.74

Hornsby $.2592

Middleton $.78

Toone $.48

Whiteville $.77

Ratio of assessment: (cities and county)

Residential 25%

Industrial 40%

Equipment 30%

Details on the following state-levied taxes are available through the Tennessee

Department of Revenue - (800) 342-1003 or www.tennessee.gov/revenue/

Sales tax: Tennessee (7%) plus county (2.75%)

Exemptions:

- Equipment associated with required capital investment by a distribution or

warehouse facility, as long as total investment in building and equipment

exceeds $10 million in not more than three years

- Industrial machinery and equipment

- Repairs to industrial machinery

- Air and water pollution prevention equipment

- Raw materials for processing

- Sales to religious, charitable, or educational institutions

- Prescription drugs and gasoline

Credit:

- .5 percent paid on building materials, machinery, and equipments for new or

expanded international, national or regional headquarters making a minimum

$50 million investment in Tennessee

Franchise tax: .25 per $100 of capital properties

Corporate excise tax: 6.5% on net earnings

Unemployment tax: 2.7% of first $7,000 for new employer’s first three years prior to re-evaluation based on industry group

Details on business tax information are available through The Hardeman County Clerk’s office - (731) 658-3541

Local business tax:

- Businesses are classified into four groups with rates varying from 1/10 of 1% to 3/16 of 1% on gross revenues (gross revenue minus collected sales tax)

- Some exemptions apply

Building permits are available through the Zoning Office - (731) 658-5412

- $50 fee for permit to construct a building or addition valued at or above $5000; $100 permit fee if the building/addition involves more than 5,000 square feet of heated space

Payment in Lieu of Taxes (PILOT) options:

As of March 2008, Hardeman County enacted a PILOT that incentivizes new and existing industry on the basis of wage levels, capital investment, and number of jobs created. Please contact the Chamber of Commerce at 731-658-6554 for full details.

UTILITY RATES:

Electricity needs are serviced by three different TVA providers depending on the precise location within Hardeman County. The majority of the county is handled by Bolivar Energy Authority whose rates are published at:

www.bea-tn.com

The City of Middleton is serviced by Tippah Electric. Contact them at 866-298-1514.

For businesses and residents located in incorporated areas, contact the appropriate city hall for specific rate information. Natural gas and water are generally provided by the City of Bolivar, 731-658-2020