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Business Climate

Clarksville has the support of a robust economy generating $5 billion in capital investment and more than 7,500 jobs since 2000, making the area a national leader in job growth. With a population of over 200,000 and a population growth of 24% over the last decade, Clarksville is the largest city in our four-county metropolitan statistical area (MSA).


Clarksville is growing and thriving, with a median household income higher than the state average. And that’s just one reason people are flocking here, especially young people—with our average age of just 29! Plus, the local economy is empowered by global diversity, with more than 26 different nationalities represented. 

 


Recruitment, Retention, & Expansion (5 years)

YEAR PROJECTS CAPITAL INVESTMENT JOBS CREATED
FY20 4 $37 M 1,015
FY19 1 $140 M 0
FY18 1 $75 M 200
FY17 2 $267 M 600
FY16 1 $21 M 60
FY15 3 $650 M 187

 


Labor Force Comparison 
Source: tnecd.com; bls.gov

LABOR FORCE EST.(2018)

TENNESSEE MONTGOMERY COUNTY
LABOR FORCE 3,242,754 82,207
EMPLOYMENT 3,129,078 79,007
UNEMPLOYMENT 113,676 3,199
UNEMPLOYMENT RATE 3.5% 3.9%



 

MONTHLY UNEMPLOYMENT RATE*

TENNESSEE MONTGOMERY COUNTY
2015 5.6% 5.8%
2016 4.7% 5.1%
2017 3.7% 4.1%
2018 3.5% 3.9%
2019 3.4% 4.2%

 

MONTHLY AVG. UNEMPLOYMENT*

TENNESSEE MONTGOMERY COUNTY
CURRENT 10.1% 8.8%
12 MO. AGO 3.9% 4.9%
NET CHANGE 6.2% 3.9%




 

Training & Workforce Opportunities

WORKFORCE ESSENTIALS FORT CAMPBELL NEW IN 2020! TCAT
Co-Working & Meeting Space​, Employee Training,​Training Grants & ​Employer Incentives  Connects Army, government, and non-government organizations through professional development, training, & education   Almost 10,000 square foot of ​unique and modern coworking space located downtown The Tennessee College of Applied Technology (TCAT) is a leader in technical education and industry training

 

Incentives

Economic Incentives offered by the Clarksville-Montgomery County IDB are negotiated on a case-by-case basis subject to the qualifications, conditions and requirements to be fully described within an Agreement and subject to the approval of the Clarksville-Montgomery County IDB Board of Directors.


PILOT

A Payment-In-Lieu-of-Tax (PILOT) proposal is offered at the discretion of the Industrial Development Board of the County of Montgomery based on the following five major incentive factors:

  • Company's Business Sector
  • Investment value
  • Projected Employment positions
  • Employee Wages
  • Other Factors deemed pertinent by the Board.

    These items will determine the Tier level of the PILOT agreement.
    For a sample PILOT proposal for your project, please contact the Industrial Development Board.