Industrial Development - As enacted, revises law relative to industrial development corporations. - Amends TCA Title 7 and Title 48.

SB 2646 allows Tennessee industrial development corporations (IDCs) to merge with other corporations using the same process as public benefit corporations under Tennessee law. Specifically, it amends state code to let IDC boards initiate mergers following procedures outlined in Title 48 (Nonprofit Corporation Act), streamlining how these entities can combine. This directly affects IDCs, which are nonprofit organizations that develop industrial sites to support economic growth. The bill creates a clear legal pathway for IDCs to merge, without changing their core mission or creating new programs.