Tennessee Ranked Top State for Business: CNBC

Tennessee Score and Ranking

Economic Profile

Governor: Bill Lee, Republican Population: 6,886,834 GDP growth (Q1 2021): 7.4% Unemployment rate (May 2021): 5% Top corporate tax rate: 6.5% Top individual income tax rate: None Gasoline tax: 27.40 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

Information retrieved from CNBC on July 15, 2021.