Growing Skilled Workforce
Tennessee is experiencing rapid population and job growth. Vonore has the largest industrial parks (Tellico West and Niles Ferry) in Monroe County offering employment opportunities to surrounding Blount and Loudon Counties. Access to a pool of skilled workers in diverse industries including manufacturing, logistics, construction, agriculture, and healthcare. Its flagship University of Tennessee and Vanderbilt attract top talent from across the country. The state capital of Nashville is a hotbed of technology, tourism, and creative talent. Amazon recently announced plans to bring 5,000 new high paying jobs to Tennessee as part of its HQ2 expansion. Major employers such as FedEx and Dollar General are also headquartered here.
Business-Friendly Economic Climate
Tennessee has no state income tax, payroll tax, or pension tax. Tennessee retirees also collect Social Security without paying a state tax on it. There's also no Tennessee tax on money taken out of your 401k or IRA. According to the Tennessee Secretary of State, new business entity filings jumped by 14.3% in Q2 2018 over the last year — the highest quarterly gain on record — while the number of business dissolutions declined by 36.6%. With its low cost of doing business and pro-business environment, the City of Vonore is poised on the verge of tremendous growth, residentially and commercially.
Booming Retiree and Tourist Destination
East Tennessee is a popular destination for retirees and vacation home buyers alike. Vonore is home to Rarity Bay and Tellico Village, a well-established master planned community attracting residents from all over the U.S. The community offers a great value in a prime location, ideal for retirees or those who want to relocate for work or future retirement. Luxury custom estates with private boat docks, villas and condos range from $150,000 up to $2,800,000. Surrounding Tellico Lake is the cleanest lake in East Tennessee providing excellent water quality. Residents enjoy waterfront living with three golf courses, an equestrian center and yacht & marina club.
High Quality of Life in Centrally Located Hub
With a mild four-season climate and low cost of living, Vonore residents enjoy an idyllic lifestyle within a short distance to thriving urban centers. US Highway 411 connects Vonore within minutes to Maryville to the northeast and Madisonville to the southwest. Vonore is just a short drive to local restaurants, shopping, area attractions and only a 30 commute into Knoxville and the University of Tennessee. Tyson McGhee Airport is within a 20 minute drive. Vonore is in the Knoxville MSA, which is the third most populous in Tennessee.