18. Tennessee

The Volunteer State steps up with a great infrastructure, but a high crime rate and poor health hurt quality of life.

Top States Tennessee
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 219 22 8
Cost of Doing Business 234 10 12
Infrastructure 239 2 (Tie) 3
Economy 188 21 31 (Tie)
Quality of Life 103 46 50
Technology & Innovation 132 24 27
Education 79 40 (Tie) 42 (Tie)
Business Friendliness 114 6 8
Cost of Living 69 5 2
Access to Capital 34 17 18
Overall 1411 18 17

Economic Profile

Governor: Bill Haslam, Republican

Population: 6,600,299

GDP growth: 2 percent

Unemployment rate (May 2016): 4.1 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 6 percent on dividends and interest earnings

Gasoline tax: 39.80 cents/gallon

Bond rating/outlook: 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, Moody's Investor Service, S&P Global Market Intelligence

Latest Special Reports

  • Shoppers walk inside the Westfield Santa Anita mall during the outbreak of the coronavirus disease (COVID-19), in Arcadia, California, June 25, 2020.

    Coverage of the world's largest retail trade organization's annual conference.

  • Innovative female entrepreneur examining prototype

    In an era of rapid technological advances and demographic change, how do legacy companies adapt, innovate and evolve? CNBC Evolve features iconic global companies and executives who are embracing change and transforming for the future.

  • The personal and economic pain from the COVID-19 pandemic is being felt all over the world. As a result of this unprecedented disruption, businesses owners and employees are dealing with an immeasurable level of suffering and facing scenarios they never could have imagined. Through expert analysis and advice from proven business leaders, The Path Forward explores the extraordinary challenges businesses are facing and offers ideas to help owners navigate this global crisis and thrive once again.