Industrial Development Board of the City of Columbia Annual Budget 2025-2026
Smile Direct Receives PILOT and Grant, Shuts Down Before Tax Abatement
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Description
The IDB adopted a PILOT for Smile Direct's Project Farm, with $34.1 million invested and a $1.5 million TNECD grant. The company ceased operations in December 2023 prior to tax abatement.
Contract Details
Contract Amount
$34,100,000 (capital investment); $1,500,000 FastTrack grant funds from TNECD
Vendor
SMILE DIRECT
Agency
Maury County Regional Airport Authority, TN
Contract Type
FINANCIAL_SERVICES
Document Date
July 1, 2025
Contract Term
December 14, 2021 – December 31, 2031
Renewal Date
2031-12-31
Renewal Info
Originally scheduled to end 2031; terminated early due to business closure in December 2023.
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city-of-columbia-industrial-development-board-fy-2025-2026-budget_3e3.pdf
TERMINATEDIndustrial Development Board of Columbia FY2024-2025 Budget
APPROVEDIndustrial Development Board FY2023-2024 Budget
APPROVEDMore from Maury County Regional Airport Authority
Industrial Development Board of the City of Columbia Annual Budget 2025-2026
Industrial Development Board of the City of Columbia Annual Budget 2025-2026
Industrial Development Board of the City of Columbia Annual Budget 2025-2026
Industrial Development Board of the City of Columbia Annual Budget 2025-2026
Industrial Development Board of the City of Columbia Annual Budget 2025-2026
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