Top States For Business

18. Tennessee

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce219228
Cost of Doing Business2341012
Infrastructure2392 (Tie)3
Economy1882131 (Tie)
Quality of Life1034650
Technology & Innovation1322427
Education7940 (Tie)42 (Tie)
Business Friendliness11468
Cost of Living6952
Access to Capital341718
Overall14111817

Economic Profile

Governor: Bill Haslam, Republican

Population: 6,600,299

GDP growth: 2 percent

Unemployment rate (May 2016): 4.1 percent

Top corporate tax rate: 6.5 percent

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

Gasoline tax: 39.80 cents/gallon

Bond rating/outlook: Aaa, stable

Major private employers: Covenant Health, FedEx

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2016
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