Top States For Business

17. Tennessee

Category Score 2015 Rank 2014 Rank
Workforce25986
Cost of Doing Business2291213
Infrastructure23734
Economy16131 (Tie)14
Quality of Life695050
Technology & Innovation1212728
Education7242 (Tie)39
Business Friendliness108818
Cost of Living7429
Access to Capital331833
Overall13631714

Economic Profile

Governor: Bill Haslam, Republican

Population: 6,549,352

GDP growth: 1.7 percent

Unemployment rate (May 2015): 5.8 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 6 percent on dividends and interest income

Gasoline tax: 39 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Covenant Health

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, East Tenessee Economic Development Agency

FULL LIST: 2015 TOP STATES FOR BUSINESS

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