BRISTOL, Va. (AP, abc24.com) - Sprint's announcement that they are moving a call center a few miles from Bristol, Va., to the outskirts of Bristol, Tenn., potentially means the company could reap millions of dollars in state and local tax credits.
Virginia and Tennessee both offered incentives to the company, but ultimately Sprint announced last week it would move to an improved facility in Sullivan County on the other side of the state line.
Tennessee Department of Revenue Communications Manager Billy Trout told The Bristol Herald Courier that the company qualifies for the state tax credits even if the current employees in Bristol transfer to the new facility.
Tennessee Economic and Community Development spokeswoman Laura Elkins said Sprint qualifies for $4,500 in tax credits per employee because Sullivan County is economically depressed.
Information from: Bristol Herald Courier, http://www.bristolnews.com