Five Great Financial Reasons to Locate in
Downtown Jackson, Tennessee
1) Jackson Downtown Development Corporation (JDDC) is dedicated to finding effective, affordable solutions to revitalizing a twenty-five block commercial area of downtown Jackson. The JDDC office assists business in utilizing the following programs.
CONTACT US FOR FURTHER INFORMATION
Jackson Downtown Development Corporation
314 East Main Street
Jackson, Tennessee - 38301 JDDC@CityOfJackson.net
731-427-7573
2) Low Interest Loans
The low interest loan program assists JDDC members in renovating downtown buildings. Five local financial institutions participate in the program and offer a floating rate of 1% below prime to those who are approved.
3) National Historic Register Tax Credit
Property owners renovating buildings that are listed on the National Register of Historic Places may receive a one-time 20% tax credit on the amount spent on renovations.
4) Revenue Finance Corporation PILOT Program
The Payment-In-Lieu-of-Taxes (PILOT) program offers a tax freeze to new, expansion or renovation projects approved by the RFC Board of Directors. Upon approval, property taxes are frozen at the current value of the property or up to ten years
5) 10% Federal Income Tax Credit
Property owners renovating buildings that are listed on the National Register of Historic Places may receive a one-time 10% tax credit on the amount spent on renovations.
Bring your business
to Downtown Jackson, Tennessee, and SAVE with these programs !!!