#7 Tennessee


7.63 out of 10 in Taxation and Regulation

7.12 out of 10 in Workforce Quality

7.63 out of 10 in Living Environment

Right to Work?


State Profile

Tennessee lawmakers in April passed the IMPROVE Act, raising the state gas tax by six cents and the diesel tax by 10 cent to pay for road and bridge projects across the Volunteer State. The gas and diesel tax increases would be offset by more than $500 million in tax cuts annually at the law’s full implementation, including a 20 percent decrease in the sales tax on groceries that equals $125 million and a $113 million reduction in business taxes on manufacturers.

Key Industries

Advanced Manufacturing, Automotive, Chemicals, Energy, Entertainment, Logistics, Medical Devices

Key Companies

Autozone
Dollar General
FedEx Services
International Paper
Unum Group
Volkswagen

Key Contacts

Tennessee Department of Economic & Community Development

Bob Rolfe, Commissioner
312 Rosa Parks Avenue, 26th Floor
Nashville, TN 37243
(615) 741-1888
bob.rolfe@tn.gov
https://www.tn.gov/ecd

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