America's Top States for Business 2019

13. Tennessee

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Category Score 2019 Rank 2018 Rank Grade
Workforce2263227D+
Economy28957A
Infrastructure22155A-
Cost of Doing Business2181715A-
Quality of Life864847F
Education892833C
Technology & Innovation932330C+
Business Friendliness13178B+
Access to Capital442323C+
Cost of Living4565A
[[link#105237323#Overall]]14421313-

Economic Profile

Governor: Bill Lee, Republican

Population: 6,770,010

GDP growth (Q4 2018): 1.6%

Unemployment rate (May 2019): 3.3%

Top corporate tax rate: 6.5%

Top individual income tax rate: 2%

Gasoline tax: 26.40 cents/gallon

Bond rating (Moody's/S&P): Aaa, stable/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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business in 2019
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