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 |
| FY22 | 4 | $180 M | 866 |
| FY21 | 6 | $306 M | 1,372 |
| 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 |
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.