#4 Tennessee


#4 in Taxation and Regulation

#8 in Workforce Quality

#8 in Living Environment

Right to Work?

Regional Profile – Southeast

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
Alabama
7
6
7
8
Florida
1
2
6
5
Georgia
5
4
2
3
Kentucky
8
7
8
7
Louisiana
10
9
9
9
Mississippi
11
10
10
11
North Carolina
2
5
3
1
South Carolina
4
3
5
2
Tennessee
3
1
1
4
Virginia
6
8
4
6
West Virginia
9
11
11
10

Key Industries

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

Key Companies

Autozone

Dollar General

FedEx Services

International Paper

Unum Group

Volkswagen

Advantages

Tennessee is getting noticed by startups. Launch Tennessee, the state-funded venture capital fund and agency, has surpassed $1 billion in funding, ahead of its 2017 goal.

Legislators have lowered the Hall Tax on investment and dividend income and are still trying to repeal the law entirely.

Key Contacts

Dept. of Economic and Community Development

Randy Boyd, Comissioner
615-741-1888
312 Rosa L. Parks Ave.,
Nashville, TN 37243
Randy.Boyd@tn.gov
http://www.tnecd.com/

CEO Comments

“Tennessee has stable leadership and a “can do” attitude toward recruiting and retaining major businesses like Beretta, Under Armour and UBS.”

“Tennessee is a great place with a high sales tax but no income tax, K-12 education challenges and infrastructure needs. We have an excellent credit rating and a great governor.”

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No 4: Tennessee

No. 4

Tennessee

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations
  • State Corporate Income Tax Rate: 6.50%
  • Highest Personal Income Tax Rate: 6%
Workforce Quality
  • % with High School diploma or more: 83.0
  • % with Bachelor’s degree or more: 22.9
  • % with Advanced degree or more: 8.0
  • Patents per 100K: 16.49
  • % of Employed Represented by Unions: 5.8
Quality of Life
  • Hopsitals per 10K: 0.21
  • Elementary/Secondary Schools per 1000 people: 0.281
  • Violent Crimes per 100K: 729.15
Key Companies
  • FedEx Services
  • International Paper Company
  • Dollar General
  • Unum Group
  • Autozone
Other Highlights
  • Tennessee fell to #4 from #3 in 2010 — the state took #5 in 2009
  • Tennessee ranks 50th in state debt per capita with $773

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education