Tennessee is the 3rd Best State for Business 2014

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP % Growth ’12-’13: 1.7 % Growth ’11-’12 v. Nat’l Avg. (2.5%): 0.8 Unemployment Unemployment Rate Dec. 2013 %: 7.8 Comparison with Nat’l Rate (6.70%): -1.1 Domestic Migration Domestic Net Migration 2013: 12,649 Rank: 11 State Government State Debt per Capita Fiscal Year ’13 ($): 911 State & Local Gov’t Employees per 10k Residents: 527.8 State-Local Tax Burden Rate (%): 7.7% Compared to Nat’l Avg. (9.9%): -2.15%

Key Metrics

State GDP

Unemployment

Domestic Migration

State Government

State-Local Tax Burden

Key Companies
FedEx Services International Paper Company Dollar General Unum Group Autozone

Development Trend Indicator: Negative
Rock-solid labor reputation takes a hit from VW dalliance with UAW.

CEO Comments
“In Tennessee, a right-to-work state, the factors listed above are all good for manufacturing as well as high tech, especially in the Nashville area.” “Tennessee is outstanding.”

Based on CEO Survey by ChiefExecutive.net

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

J.P. Donlon

J.P. Donlon is Editor Emeritus of Chief Executive magazine.