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I-65 Commerce Park
Greg Lowe - City of Lewisburg - Director of Economic Development - (931) [email protected]
#makeitinMarshall
Welcome to Marshall County, TN
I-65 Commerce ParkTable of Contents
Link to Video About Marshall County
3 ……………………………….. Letter of Welcome & Overview
4-5 ………..…………………. I-65 Commerce Park Site Details
6 ……………………………….. I-65 Commerce Park Site Utilities
7 ….……………………………. Permitting Process
8 ……………………………….. Maps & Logistics
9-11 ………………….……….. Labor & Workforce
12 …...…………………………. Existing Industry
13 ……………………………… Taxes & Incentives
14-15 ..………………………. Community Data
Mission StatementThe City of Lewisburg Department of Economic Development exists to assist local business and industry growth and to recruit new business and industry to Lewisburg to create sustainable wage jobs and expand the tax base
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I-65 Commerce ParkWelcome to Lewisburg, TN
Welcome to Lewisburg,
As Director of Economic Development for the City of Lewisburg, I would like to welcome you and your company or client to Lewisburg, TN.
Lewisburg has a 100-year reputation as a manufacturing hub with 56 manufacturing operations in Lewisburg and Marshall County. In the past ten (10) years, we
have worked with over twenty (20) existing industry expansions and twelve (12) relocations or start-ups totaling over $250M in capital investments. The most recent projects
are the first North American facility for Meiwa Industry Co. Ltd. of Japan that chose to locate in one of our two industrial parks in 2013, Multimatic of Canada/Indiana that
leased an existing building in the Lewisburg Industrial Park in 2015 and Minth Group LTD of China that purchased an existing building in the Lewisburg Industrial Park in
2017.
Located on I-65, Lewisburg provides one-hour proximity to Nashville, TN and Huntsville, AL. Lewisburg sits in a nine (9) county workforce area of 450,000 out of a
total population of 1,200,000 providing a multi-skilled employment region with an average commute time of 28 minutes.
For Your Company or Client to consider, Lewisburg has a privately-owned pad site for 120,000 sf build-to-suit option and publicly-owned 90 acres of greenfield in
an established industrial park
Lewisburg and Marshall County have the experience to work with you and your client from early-stage to full maturation and beyond. We are excited about the
opportunity to assist you in joining our community and its family of manufacturing.
Thank you.
Greg Lowe
City of Lewisburg – Director of Economic Development
Lewisburg offers to your company or client:
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➔ A 120,000 sf pad site on 20 acres and 90 acres of greenfield➔ A site located on a 4-lane Highway (373)➔ A site located <1 mile from I-65 (Exit 32)➔ A sizable workforce area of multi-skilled employees➔ An existing Advanced Manufacturing environment➔ Proximity to Four (4) vocational training centers➔ Proximity to Community College and twelve (12) colleges/universities – 60 Miles➔ Proximity to two (2) metro areas – 50 Miles➔ Proximity to Nashville BNA International Airport – 50 Miles➔ Local tax-abatement incentive program
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I-65 Commerce Park#makeitinMarshall
100+/- Acres of Greenfield (Public)
120,000 sf Pad (Private)
< 1 Mile - Exit 32
I-65 Commerce ParkVeterans Drive, Lewisburg, TN 3709135⁰27’07.64”N86⁰52’00.80”WTax Map 062 Parcels 74, 53 & 54
Site DetailsOwnership City of LewisburgLand Price $18,000/AcreSite 110 Acres (Available)Land Type Industrial/AgriculturePrevious Use AgricultureZoned Commerce Park (Industrial)Shovel-Ready/Certified Yes/NoDivisible Yes (5 Acres Min.)Additional Acres Yes (25 Acres)Cont. Acres for Development 80Flood Zone 0%Terrain Level to SlopePhase I Report Link HereGeotechnical Report Link HereHydrological Report Link HereBrownfield NoEnterprise Zone NoFree Trade Zone NoOpportunity Zone NoTIF Area NoNew Market Tax Credit NoRevitalization Area NoAirport Zone NoRail Access NoMain Access Veterans Drive4-Lane Highway On Hwy 373Interstate < 1 Mile to I-65Airports 52 Miles to Nashville BNA,
62 to Huntsville InternationalRail 54 Miles to Nashville Yard
62 Miles to Huntsville Intermodal
Ports 54 Miles to Cumberland River60-70 Miles to Tennessee River380 Miles to Port of Mobile483 Miles to Port of Savannah
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Link to StoryMap on I-65 Commerce Park
I-65 Commerce ParkUtilities
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Lewisburg Electric SystemVoltage/Amp 7200/12470ySubstation 4 Miles from SiteSource TN Valley Authority (TVA)City Distributor Lewisburg Electric System
Lewisburg WaterLine Size 12 InchPressure 145 lbsSystem Usage 2.8 MGDSystem Capacity 4.0 MGDSource Duck River
Lewisburg WastewaterLine Size 8 InchSystem Usage 2.2 MGDSystem Capacity 6.0 MGDTreatment Type Full BiologicalStorm Sewer Coverage 15%Solid Waste Disposal Landfill
Lewisburg GasLine Size 6 InchPressure 60 PSISource Spectra Energy
Telecom/FiberAT&T All Services AvailableCharter/Spectrum All Services Available
Veterans Drive, Lewisburg, TN 3709135⁰27’07.64”N86⁰52’00.80”WTax Map 062 Parcels 74, 53 & 54
12” Water Line
Electric Line
8” Wastewater Line
6” Gas Line
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I-65 Commerce ParkPermitting Process
Start Here
Lueshell TaylorDirector - Codes & ZoningCity of Lewisburg(931) [email protected]
Locally - 30-45 Days
➔ Site Plan Review & Approval
➔ Utility Review & Approval
➔ Fire Codes Review & Approval
➔ Building Permit Approval
Streamlined process includes meetings every Wednesday at the Lewisburg Water & Wastewater Department consisting of representatives from the above processes to review your plans, advise on changes required for approvals and then a date to present to Planning Commission for Final Approval.
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State - 30-90 Days
➔ Land Disturbance Permit
➔ Stormwater Pollution Prevention
Plan (SWPPP)
➔ Air Permit
➔ State Highway Access Approval
Not all state permits above will be required for every project. Timelines above assumes Company/Prospect provides all necessary paperwork on or before process deadlines
Helpful Links
Lewisburg Codes & Stormwater
Lewisburg Planning & Zoning
Marshall Co. Building & Codes
Land Disturbance Permitting
Tennessee Air Permitting
Back to Table of Contents
Codes Packet of InformationPlanning Commission Application
Clint WilliamsDirector - Building & Codes InspectorMarshall County(931) [email protected]
I-65 Commerce ParkMaps & Logistics
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I-65 Commerce ParkLabor & Workforce
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Elementary Schools 5 - 2,385 Students
Middle Schools 3 - 1,296 Students
High Schools 3 - 1,545 Students
Public Cost Per Student $9,399.83
Student/Teacher Ratio 17:1
Graduation Rate 93%
Avg. ACT Score 20.3
College-Going Rate 65%
Certification/Associate’s 27%
Bachelor’s Degree or Higher14%
28Postsecondary Institutions
20,000 +/-Annual Graduates
300 +/-Programs & Majors
Within 50 Miles
Talent Overview
Spot Lowe Technology Center
TCAT - Pulaski
TCAT - Shelbyville
Columbia State
Marshall Co. Schools
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I-65 Commerce ParkLabor & Workforce
10#makeitinMarshall - #investinmc - #shopMarCo - #visitMarCo
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Wage & Benefits Survey 2021 - South Middle TN Infographic
Wages and Benefits Survey 2021 - Marshall Co. Region Infographic
* Labor Market Area is defined as Bedford, Giles, Lawrence, Lincoln, Marshall, Maury, Moore, Rutherford and Williamson Counties Source: July 2021 from TN Dept. of Labor and Workforce
I-65 Commerce ParkLabor & Workforce
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Automotive Suppliers
Link to Data
MetalworkingTool & Die
Link to Data
Plastics & Chemicals
Link to Data
Food & Beverage
Link to Data
Sources: EMSI, Bureau of Labor, US CensusBack to Table of Contents
I-65 Commerce ParkExisting Industry
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50Manufacturers
4,000+Manufacturing Employees
Foreign-Owned
AssociationsManufacturers’ Association
Advanced Manufacturing CouncilIndustrial Development Board
TypesAutomotive
Aerospace & DefenseMetalworking/Tool & Die
MachiningPlastics & Chemicals
Food & BeverageElectronics
Commercial PrintingTank Refurbishing
Warehouse/Distribution
SupportTool & Die
Heavy HardwareLubricantsAbrasivesFoundry
Sheet MetalWelding Supply
CoatingsPaints/Enamels
Shrink Wrap
Product Employees Established Expanded
Automotive Dashboard/Electronics
900 1984 2011-2019
Aluminum Die Casting 500 1959 2007-2019
Defense Electronics 300 1966 2012-2017
Automotive Suspensions
225 2017
Corrugated Products 200 1975 2014-2018
HVAC Distribution 180 1971 1975-1990
Meats and Condiments
180 2014 2014-2019
Conveyor Systems 150 2002 2014-2020
Engine Hoses 125 2002 2014-2017
Polyethylene Wrap 125 1984 2012-2018
Top 10 Employers
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I-65 Commerce ParkTaxes & Incentives
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Property Taxes City CountyRate Per $100 Value $1.84 $2.81
Ratio of AssessmentResidential and Farm 25% 25%Commercial/Industrial 40% 40%Personal (Equipment) 30% 30%
Total Local Assessment (2019) $264,465,395 $658,364,411Hotel-Motel Tax 0 % 7.0 %Motor Vehicle Tax Rate $50
LocalSales Tax 4% tax on food and food ingredients; 7% on all other tangible personal property unless specifically exempted.
Local Sales Tax Rate 2.25%Local & State Sales Tax Collected (FY2019): $31,624,485
Income Tax•Personal: 2% on Interest & Dividends•Corporate Excise Tax: 6.5% of Tennessee taxable income•Franchise Tax: .25% of the greater of net worth or real and•tangible property in Tennessee. The minimum tax is $100.•Unemployment Tax: New Employers 2.7% (based on occupation) of first $7,000
State
Payment in Lieu of Taxes (PILOT)This incentive is available to both new and expanding industries and begins with a request for a PILOT Application Form from City of Lewisburg Director of Economic Development Greg Lowe.
Outline of Incentive➔ A Property Tax Abatement offered by Lewisburg Industrial Development Board and City Council➔ Requires only a 1-Page Application (see link above) and Application Fee➔ Two Votes to Approve within 14-21 Days of Receipt of Application & Fee➔ Tax Abatement Available for Real (Land/Building) and Personal (Machinery/Equipment) Property➔ Tax Abatement includes both City and County Taxes
Requirements (along with application and fee)➔ Minimum Capital Investment in Real Property of $500,000 AND/OR➔ Minimum Capital Investment in Personal Property of $150,000➔ PILOT, Project and Tax Agreements (and Bill of Sale when applicable) documents to be drafted by
attorneys, reviewed and signed by both parties at expense to Company/Prospect➔ Annual Review by State & Local with Mandated Reporting to ensure compliance
Incentive Based On➔ Capital Investment and Overall Economic Impact of Project➔ Number of Net New Jobs and Wage Rates above Average Rates
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I-65 Commerce ParkCommunity Data
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Lewisburg, Marshall County, Tennessee•Latitude: N35° 26.95‘•Longitude: W86° 47.33‘•Elevation: 707‘
33,240Population: County
12,380Population: City
13%Below Cost of Living Index
+2.4%Annual Population Growth
6thFastest Growing Micropolitan in Nation
(2017) by UT BERC
14thMost Dynamic Micropolitan in
Nation (Walton Foundation 2019)
14thQuality of Life in TN
20thHealthiest County in TN
28thSafest County in TN
Gold LevelSustainable Community (TVA)
Tier IIEnhancement County (TN ECD)
Benchmark IIThree Star Community (TN ECD)
Top 100 Micropolitan
4X (Site Selection Magazine)
Top 4%National ISO Rating - Fire
Climate:Annual Average Temperature: 57.7°
Average High Temperature: 70.5°
Average Low Temperature: 45.0°
Annual Average Precipitation: 54.84"
Annual Average Snowfall: 2.2“
Mean Length of Freeze-Free Period (days): 180-220
Median Household Income $52,463
Per Capita Income $36,759
Poverty Rate 13.5%
Home Ownership Rate 71.7%
Median Home Value $124,917
Average Rental Rate $564
Median Industry Earnings $64,454
Sources: Zoomprospector, TN ECD, TVA, Local Agencies
“Lewisburg’s Park and Recreation system, per capita,
meets or exceeds national standards in almost
every category.”
Ritchie Jones - Hodgson Douglas
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➔ (Link to Recent Demographics Report)
I-65 Commerce ParkCommunity Data
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Lewisburg is situated to help you succeed. We have all the tools and amenities you need to thrive at home or in the office, the classroom, the boardroom, the production floor and even the ground floor. Let us prove to you that your decision to come here will be the right one.
“This community has totally proven that our decision was the
right one.”
Matt Jung - President, Comfort Research
Location & Logistics
Labor & Workforce
Education & Training
Quality of Life/Place
Leadership & Growth
Business & Industry Support
www.linktr.ee/marcotn(931) 359-1544
131 East Church St.Lewisburg, TN 37091 lewisburgtn.info | lewisburgtn.dev | lewisburgtn.net | lewisburgtn.gov
