Location
Population
Tax Structure
Transportation
Communications
Industrial Support Services
Finance
Government
Natural Resources
Agricultural Products
Community Facilities
Climate
Selected Economic Indicatiors For Tipton County
Utilities
Energy
Available Industrial Properties
Tipton County Industry
For Further Information





Location
Region: West
County: Tipton
Square Miles: 458
Distance from Memphis 18




Population
City County
1960 1,014 28,564
1970 1,281 28,001
1980 2,336 35,500
1999 4,368 51,000 (est)
2000 4,708 51,271
% Nonwhite (2,000 Census) 9.3 22.1


Tax Structure

Local

  City County
Property Tax
Rate Per $100 Value $.58 $2.92
Ratio of Assessment
   Residental 25% 25%
   Industrial 40% 40%
   Personal (Equipment) 30% 30%
       (Inventory Tax) Raw Materials Only
Bonded Debt $  4,448,848 $  41,987,089
Assessed Validation $47,467,420 $515,000,000
School Tax None None
Sales Tax 2¼%
Hotel-Motel Tax 5%
State

Sales Tax 6%
Income Tax
   Personal 6% on Interest & Dividends
   Corporate (Excise) 6% of Net Earnings
Franchise Tax 25¢ per $100 of Capital Properties
Unemployment Tax
   New Employers 2.7% of First $7,000





Transportation

Railroads

Served By: Illinois Central Gulf
Highways

25 - Miles to Access of Interstate - 40
25 - Miles to Access of Interstate - 55
U. S. Highways: 51
State Highways: 178, 206
Common Carriers

Motor Freight Companies: 20* Terminal Facilities: 2*
Bus Services - Inter-City: Greyhound**
Local: None
Carrier Service: Yes
*County *Atoka
Navigable Waterway

River: Mississippi Channel Depth: 12'
Nearest Port Facility: Tipton County Miles: 12
Air Service

General Aviation/Distance: Covington
Runway Length: 4,000' Surface: Asphalt
Lighting: Med. Intensity,
10" Beacon VASI/IFR
Gas: Yes Octane Available: 80/100
Jet Fuel 100 Octane
Low Lead Aviation Fuel
Repair: Minor
Taxi or Car Rental: Taxi
Nearest Commercial Service: Memphis International
Airlines Serving: American, Delta, United, USAir, Northwest, Texas International, Frontier
Commuter Service:
Daily Filghts: Arrivals: Departments:
1.044 522 522





Communications

Post Office Class: First
Newspapers Frequency Circulation
Covington Leader Weekly 8,000
Millington Star Weekly 20,000
Commercial Appeal Daily 240,000
Radio Stations: Local AM&FM*; Memphis AM/FM
Television Stations Location Networks
    6 Channels Memphis All
Cable Television: Yes Number of Channels: 29
Telephone Company: Millington Telephone
*Covington





Industrial Support Services

Service Town Distance
Tool & Die Memphis 25 Miles
Heat Treating Memphis 25 Miles
Foundry Memphis 25 Miles
Heavy Hardware Drummonds 8 Miles
Sheet Metal Covington 13 Miles
Lubricants Covington 13 Miles
Welding Supplies Covington 13 Miles





Finance

Banks: 2
Combined Assets: $34,667,545





Government

Gov't (type): City: Mayor & Aldermen
County: Co. Executive & Commission
City County
Police Officers: 10 20
Police Cars: 8 14
Planning Commission: Yes Yes
Zoning Regulations: Yes Yes
Industrial Development Corp.: No No
Fire Defense Equipment: City:
    5 trucks,
    1 rescue
County served by several
volunteer fire departments
Firefighters: 4
Volunteers: 30
Insurance Rating: 5





Natural Resources

Minerals: Sand & Gravel
Timber: Oak, Gum, Beech, Cottonwood





Agricultural Products

Crops: Cotton, Corn, Soybeans, Milo, & Wheat





Community Facilities

Day Care

Day Care Centers: 16
Day Care Homes: 22
Education

State Industrial Training Service Available: Yes
Type of Public School System: County
Schools Enrollment
Elementary 4 3,906
Middle/Junior High 3 3,008
Senior High 3 3,113
Private &/or Parochial 1 525
Technology Centers 1*
Colleges 1*
Graduate Schools 1*
Libraries 1 Volumes: 12,000
*Covington
Memphis colleges are 20 minutes away.
Health Care

Hospitals: 1* Beds: 100
Clinics: 1/2** Beds: 0
Doctors: 1/5**
Dentists: 4**
Nursing Homes: 1* Beds: 194
*Covington
**Munford
Churches

Protestant: 5 City, 95 County
Catholic: 1*
Jewish: Memphis
*Covington
Recreation

Parks: 3
Golf Courses: 1*
Swimming Pools: 1**
Country Clubs: 1**
Theaters: 0
Bowling Alleys: 1**
Hotels & Motels: 2** Total Rooms: 110
National Chains: 1
Largest Meeting
Room Capacity:
250
Restaurants: 4
*County
**Covington, Memphis area recreation available within 20 minutes



Climate

Annual Average Temperature 59.7
Monthly Average High Temperature: January 46.0° July 91.2°
Monthly Average Low Temperature: January 27.4° July 69.1°
Average Annual Precipitation: 51.16"
Average Annual Snowfall: 7.2"
Elevation: 310' above sea level
Prevailing Winds: 310' above sea level
Mean Length of Freeze Free Period (days): 210





Selected Economic Indications For Tipton County

Estimated County Available Labor

Date: 9/01
Total: 1,050 Male: 550 Female: 500
Estimated Total In Surroundimg Area: 22,370*
High School Graduates 2000: 560
% College Bound: 57.5
*TN only
Labor Force Estimates

Annual Average Employment 2000
Civilian Labor Force 22,560
    Unemployment 870
    % of Labor Force 3.9
Total Employment 21,690
Per Capita Income

Year Amount
1999 $19,167
Retail Sales

Year Amount
2000 $272,040,339
County 10-Year Growth Report

Years: 1991-2000 New Plants Expansions
Number Projects: 1 66
Total Investments: NA $300,230,421





Utilities

Treated Water Suppliers

Source: 3 wells
Capacity: 1,296,000 GPD 900 GPM
Current Consumption: 750,000 GPD
Storage Capacity: 650,000 GPD
Sewage Treatment

Type of Treatment: Lagoon
Capacity: 800,000 GPD
Current Usage: 300,000 GPD
%City Sewer Coverage: 91
%Storm Sewer Coverage: 10
Solid Waste Disposals: Yes





Energy

Electricity

Electric Power System: Southwest Tennessee Electric Membership Corporation
Source: TVA
Gas

Gas Supplier: City of Munford
Source Company: Williams Gas Pipeline
BTU Content per Cubic Foot: 1000
Fuel Oil Suppliers:
Suppliers of LP Gas: 3





Available Industrial Properties

Site 1

Site Name: South Tipton Site 1
Controlled:
Acreage: 150
Distance to Town: ½ mile
Direction from Town: North
Nearest Highway: 51 Distance: On Highway
Nearest Interstate: 40 Distance: 25 miles
Rail Line: ICG
Electric Lines: Av Ft. Volts.
Gas: Av Ft. In. Line
Water: Av Ft. In. Line
Sewer: Av Ft. In. Line
Core Drilling:
Topo Prepared: Yes
Cost per Acre: Negotiable
Cost Including Utilities:
Site 2

Site Name: South Tipton Site 2
Controlled:
Acreage: 20
Distance to Town: In Atoka
Direction from Town:
Nearest Highway: 51 Distance: On Highway
Nearest Interstate: 40 Distance: 25 miles
Rail Line: ICG
Electric Lines: Av Ft. Volts.
Gas: Av Ft. In. Line
Water: Av Ft. In. Line
Sewer: Av Ft. In. Line
Core Drilling:
Topo Prepared: Yes
Cost per Acre: Negotiable
Cost Including Utilities:





Tipton County Industry

Firm Name Product Employment Total Union Affiliation
Architectural Paneling** Metal Mansalds 5 None
BCI*** Metal Pressure Bottles 4 None
B H Electronics* Marine Electrical Controls 185 None
Bowden Industries** Precious Metals 15 None
Cadillac Curtain Corp.** Curtains,drapes 100 None
Charms Company** Candy/Lollipops 330 None
Comfort Component Sales* Injection Molding 10 None
Covington Granite Works** Cemetery Memorials 5 None
Covington Publishing** Offset & Letter Press Printing 32 None
Delfield Co.** Refrigerators/Freezers 225 None
ELS Industries** Contract Food Manufacturing 425 None
Edward's Sheet Metal Works*** Fabricate Steel 14 None
H.T.Hackney Co.** Food Distribution 45 None
Intercraft** Distributor of Picture Frames 215 None
Jones Companies,Ltd.** Mop Yarn/Conveyor Belt Yarn 84 None
MenLo Logistics** Third Party Logistics 52 None
Mueller Copper Fittings** Brass & Copper Mill Products 230 None
Mueller Tool & Machine** Tool & Die 25 None
MultiMetco** Precious Metals 5 None
Paslode Corp.** Metal Nails 135 None
Rose Machine & Tool** Fabricate Machines 27 None
Tipton Farmers Co-op** Fertilizers,Chemicals 105 None
Turner Dairies, Inc.** Dairy & Ice Cream Products 132 None
Universal Millwright*** Plant Maintenance & Installation of Equipment 20 None
Wallace Cordage Co.** Nylon Twine & Rope 15 None
World Color Press** Magazines 750 None
World Wide Art Studio** Custom Decorated Chinaware 140 None
*Atoka and Munford
**Covington
***County





For Further Information Contact:

Tennessee Dept. Of Economic and Community Development
Industrial Marketing Division
100 North Main Street, Suite 1930
Memphis, TN 38103
Phone: (901) 543-7425
FAX: (901) 543-7905
www.state.tn.us/ecd/

West Tennessee Industrial Association
26 Conrad Drive
Jackson, TN 38305
Phone: (731) 668-4300
FAX: (731) 668-7554
www.wtia.org

South Tipton Co, Chamber of Commerce
P.O. Box 1198
Munford, TN 38058
Phone: (901) 837-4600
FAX: (901) 837-2400
www.southtipton.com