Choose Milan
Take a look at the advantages of locating a business at the Milan Commercial Complex. Located on the Milan Army Ammunition Plant, a 22,000 acre facility in West Tennessee, the Milan Commercial Complex is within convenient proximity to transportation and distribution channels via air, water, rail and highway. The availability of numerous types of structures and sizes of buildings within the complex provide businesses with the opportunity to expand rapidly. On-site specialized laboratory, x-ray, and machine shop services offer businesses the tools needed to be prosperous in today's competitive environment without the expense of funding them individually.
Site Location
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More information about Milan, Tennessee, Gibson and Carroll Counties
Workforce
A combined labor force of nearly 35,000 people in Gibson and Carroll Counties, and unemployment rates that are consistently higher than the state average, translate into eager, capable employees that are continually available to work. Additional neighboring counties, including Madison, Henderson, Weakley, and Crockett, further add to the labor force.
West Tennessee offers a skilled labor supply with a strong work ethic. Education & training for technical and management positions are plentiful with eight technology centers and several colleges and universities throughout the area. Wages in the West Tennessee area are competitive with other Southern cities of similar size.
- August 2006 Labor Statistics for Gibson and Carroll Counties
- 2000 Combined Census Population: 77,627
- Combined Labor Force: 34,810
- Combined Unemployment: 2,680
- Unemployment Rates: 8.2% Gibson; 6.9% Carroll
Competitive Rates
Commercial appraisals indicate lease rates for space at the Milan Commercial Complex are comparable with the surrounding region. Terms and conditions of tenancy can be tailored to meet specific business needs, such as leasing space incrementally to allow a gradual "phase-in" approach or longer term leases.
U.S. Government-backed Loans
Through the Armament Retooling Manufacturing Support (ARMS) USDA Loan Guarantee Program, administered by the U.S. Department of Agriculture's Rural Business and Cooperative Development Service, a business can receive financing through a private lending institution of up to $20 million at a guarantee of up to 85 percent.
Additionally, U.S. Government funding is available for facility modifications through the ARMS program including the addition of loading docks, utility distribution within the buildings, and other leasehold improvements designed to tailor the facility to a business's particular requirements. The amount of funding awarded through the ARMS program is dependent on the revenue received from occupancy and equipment lease charges.
State Incentives
Tennessee offers numerous financial, credit, and employee assistance. Visit our page on State Incentives for more information.
