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Tennessee Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 264 | 7 | 3 | A |
| WORKFORCE | 236 | 8 | 9 | C+ |
| ECONOMY | 259 | 3 | 5 | B+ |
| QUALITY OF LIFE | 96 | 45 | 43 | F |
| COST OF DOING BUSINESS | 195 | 7 | 7 | A- |
| TECHNOLOGY & INNOVATION | 119 | 28 | 27 | C- |
| BUSINESS FRIENDLINESS | 142 | 19 | 19 | C+ |
| EDUCATION | 65 | 20 | 5 | B |
| ACCESS TO CAPITAL | 44 | 20 | 15 | C+ |
| COST OF LIVING | 27 | 24 | 22 | C+ |
| OVERALL | 1447 | 8 | 3 |
Economic Profile
Governor: Bill Lee, Republican
Population: 7,126,489
GDP growth (Q1 2024): 1.7%
Unemployment rate (May 2024): 3%
Top corporate tax rate: 6.5%
Top individual income tax rate: None
Gasoline tax: 45.80 cents/gallon
Bond rating (Moody's/S&P): Aaa, Stable/AAA, Stable
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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
