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America's Top States For Business 2011

#18 Tennessee (tie)

Top States 2011: Tennessee

Category
Score
2011 Rank
2010 Rank
Cost of Doing Business 200 19 10
Workforce 238 9 5
Quality of Life 119 47 49
Infrastructure & Transportation 230 5 4
Economy 75 46 36
Education 72 43 41
Technology & Innovation 117 24 23
Business Friendliness 162 8 6
Access to Capital 50 26 35
Cost of Living 49 2 1
OVERALL 1312 18 16

ECONOMIC PROFILE

Governor: Bill Haslam (R)

Population: 6,346,105

GDP (2009 per capita): $34,828

Unemployment rate (May 2011): 9.7 percent

Foreclosure rate (May 2011): One per 1,170 households

Budget gap (projected 2012): None

Corporate tax rate: 6.5 percent

Largest employers: Federal Express, Lowe's Home Centers, UPS

Sources: US Government, RealtyTrac, Center on Budget & Policy Priorities, Federation of Tax Administrators, Alaska Department of Labor and Workforce Development