Reviewed Date: 11/07/2019
Home rule municipalities are authorized to create an enterprise zone management board with authority to designate enterprise zones. Home rule municipalities wanting an enterprise zone within their jurisdiction must apply to this board. To be designated an enterprise zone, an area must be in poverty and consist of underutilized or vacant lands. If a zone is designated, the local government may establish a non-profit enterprise zone development corporation empowered to own property, solicit and accept grants, and make loans and grants. Various incentives can be provided that encourage enterprise zone development. T.C.A.§§ 13-28-201–211.