Chattanooga Motorcar Festival: A Showcase for Economic Growth and Community Involvement

The Chattanooga Motorcar Festival was held on Oct. 15, 2022, at The Bend, which is set to become a new hub for housing, office space, retail, and manufacturing developments. The site was recently awarded the largest tax increment financing agreement in the state, indicating its significance as a key area for growth and economic development in the region.

Chattanooga stands out as the only major city in Tennessee that requires approval from both the city and county legislative bodies for tax breaks granted to new or expanding industries. This level of oversight ensures that all decisions regarding tax incentives are made with careful consideration and input from both local government entities.

Efforts to promote economic growth and attract new businesses to Chattanooga are supported by a robust system of checks and balances that prioritize responsible use of tax breaks. By requiring approval from multiple governing bodies, the city and county can work together to create a business-friendly environment while also safeguarding the interests of the community at large.