Our History - Your Future 

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Since 1991, the Northeast Tennessee Economic Development Corporation (NETEDC) continues to promote economic development by providing gap financing for local businesses within the eight-county region. By assisting businesses with long-term fixed asset financings such as land, building, machinery and equipment, and permanent working capital, the Northeast Tennessee Economic Development Corporation has seen 703 jobs created to date, 120 businesses served and over $8 million dollars in loans.

 

 

With an "A" program rating risk from the U.S. Economic Development Administration (EDA), businesses will feel secure in knowing their business loan needs will be met with integrity. The Northeast Tennessee Economic Development Corporation partners with local lending entities that understand the role small and mid-size businesses play in regional economic development. While manufacturing and manufacturing services make up over 50% of NETEDC loans, medical, retail, home services, and other types of businesses make up our loan portfolio. Contact us for more information. 

 

Eligible areas include Carter, Greene, Hancock, Hawkins, Johnson, Sullivan, Unicoi, and Washington Counties.

Northeast Tennessee Economic Development Corporation 

Board of Directors

Russell Brackins
Dick Grayson
Steve Mears
Gerry O'Connor
Tom Olterman
Susan Reid
Alan Spritzer, PhD
Rick Storey
NETEDC Chair
Community Representative
Home Trust Bank
Impact Plastics
City of Kingsport
FTDD
ETSU
Washington County

Northeast Tennessee Economic Development Corporation 

Loan Committee

Mark Bays
Bobby Brown
Jennifer Mitchell
Stephen Dixon
Michael C. Hill
Darren Murray
Ken Rea
Robert Williams
ETSU
Mountain Commerce Bank
First Horizon Bank
Bank of Tennessee
Citizens Bank, Tri-Cities
New People's Bank
FTDD
Home Trust Bank