CEOs rank Tenn. as third best state for business


Business leaders were asked to grade states with which they were familiar on a variety of measures that CEOs themselves have said are critical. These include the tax and regulatory regime, the quality of the workforce and the quality of the living environment. For example, a state’s attitude toward business is viewed as a critical component of its tax and regulatory regime, while employees’ attitude toward management is considered a crucial factor in the perceived quality of a region’s workforce. Public education and health are also important factors in the living environment, as are such things as cost of living and affordable housing. –

Tennessee edged out North Carolina to take third place.

The key metrics that moved Tennessee into third place:

State GDP

% Growth ’11-’12: 3.3

  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): 0.8

Unemployment

  • Unemployment Rate Dec. 2013 %: 7.8
  • Comparison with Nat’l Rate (6.70%): -1.1

Domestic Migration

  • Domestic Net Migration 2013: 12,649
  • Rank: 11

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 911
  • State & Local Gov’t Employees per 10k Residents: 527.8

State-Local Tax Burden

  • Rate (%): 7.7%
  • Compared to Nat’l Avg. (9.9%): -2.15%

CLICK HERE for the full report and methodology

 

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