The Development Corporation of Knox County Tennessee
The Development Corporation of Knox County Tennessee
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About this organization
Mission
THE DEVELOPMET CORPORATION WILL REPRESENT THE GREATER KNOXVILLE AREA IN MANAGING AND ALLOCATING LAND AND OTHER RESOURCES TO STRATEGICALLY PROMOTE LONG-TERM QUALITY BUSINESS DEVELOPMENT SPECIFICALLY, THE DEVELOPMENT CORPORATION WILL WORK WITH INTERESTED BUSINESSES, CREATE BUSINESS AND INDUSTRIAL LOCATION OPPORTUNITIES, ASSIST EXISTING BUSINESSES WITH LAND AND TRAINING NEEDS, FOSTER ENTREPRENEURIAL JOB CREATION, INCLUDING MANAGEMENT OF KNOX COUNTY'S BUSINESS INCUBATOR, FAIRVIEW TECHNOLOGY CENTER, AND ENSURE ALLOCATION OF RESOURCES FOR THE ENHANCEMENT OF THE LONG-TERM ECONOMIC CLIMATE FOR KNOXVILLE AND KNOX COUNTY.
About
TDC IS CHARGED WITH THE RESPONSIBILITY OF ENSURING THAT KNOX COUNTY HAS LAND RESOURCES AVAILABLE FOR POTENTIAL PROSPECTS. TDC CURRENTLY OWNS OR MANAGES ACREAGE AT CENTERPOINT BUSINESS PARK (APPROXIMATELY 6 ACRES), EASTBRIDGE BUSINESS PARK (APPROXIMATELY 195 DEVELOPABLE ACRES), WESTBRIDGE BUSINESS PARK (APPROXIMATELY 10 ACRES), PELLISIPPI CORPORATE CENTER (APPROXIMATELY 77 DEVELOPABLE ACRES), AND HARDIN BUSINESS PARK (APPROXIMATELY 12 DEVELOPABLE ACRES). TDC MAKES THIS LAND AVAILABLE TO NEW BUSINESSES OR FOR THE EXPANSION OF EXISTING BUSINESSES IN ACCORDANCE WITH ITS EXEMPT PURPOSE. TDC IS CONTINUALLY LOOKING FOR LAND TO PURCHASE FOR FUTURE BUSINESS PARKS. KEY COMPONENTS OF THIS SERVICE INCLUDE PROPERTY DEVELOPMENT, MANAGEMENT, AND MARKETING AND SALE OF PROPERTIES. TDC ALSO CURRENTLY OWNS THE MIDWAY PROPERTY (APPROXIMATELY 381 TOTAL ACRES)AND IS CURRENTLY WORKING ON THE DEVELOPMENT OF THIS PROPERTY INTO PHASE 1 OF MIDWAY BUSINESS PARK. TDC ADDITIONALLY OWNS APPROXIMATELY 68 ACRES NORTH OF KARNS HIGH SCHOOL AND IS CURRENTLY WORKING ON THE DEVELOPMENT OF THIS PROPERTY INTO KARNS VALLEY BUSINESS PARK. THE PROGRAMS, SERVICES AND ACTIVITIES THAT THE CORPORATION UNDERTAKES AND/OR MANAGES ARE AIMED AT FACILITATING CAPITAL INVESTMENT AND JOB CREATION IN KNOX COUNTY. IN ADDITION TO THE ACTIVITIES AND PROGRAMS THE TDC HAS UNDER ITS DIRECT PURVIEW, IT ALSO PROVIDES STAFF AND MANAGEMENT SERVICES TO SEVERAL QUASI-GOVERNMENTAL BOARDS THAT ALSO PROVIDE UNIQUE PROGRAMS AND SERVICES ON THE COUNTY AND CITY'S BEHALF TO PROMOTE JOB RETENTION AND GROWTH, INCREASING CAPITAL INVESTMENT IN KNOX COUNTY, AND UNDERTAKING SPECIAL PROJECTS FOR THE BENEFIT OF THE CITIZENS OF KNOX COUNTY.
Interesting data from their 2019 990 filing
The purpose of the non-profit is outlined in the filing as “The development corporation will represent the greater knoxville area in managing and allocating land and other resources to strategically promote long-term quality business development specifically, the development corporation will work with interested businesses, create business and industrial location opportunities, assist existing businesses with land and training needs, foster entrepreneurial job creation, including management of knox county's business incubator, fairview technology center, and ensure allocation of resources for the enhancement of the long-term economic climate for knoxville and knox county.”.
When discussing its operations, they were defined as: “The developmet corporation will represent the greater knoxville area in managing and allocating land and other resources to strategically promote long-term quality business development specifically, the development corporation will work with interested businesses, create business and industrial location opportunities, assist existing businesses with land and training needs, foster entrepreneurial job creation, including management of knox county's business incubator, fairview technology center, and ensure allocation of resources for the enhancement of the long-term economic climate for knoxville and knox county.”.
- The state where the non-profit operates has been legally reported as TN.
- The filing indicates that the non-profit's address in 2019 is located at 17 MARKET SQUARE 201, KNOXVILLE, TN, 379021405.
- The non-profit has reported 4 employees on their form as of 2019.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $2,749,374.
- The organization has 13 independent voting members.
- The organization was formed in 1991.
- The organization pays $444,113 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.