9. Tennessee

The Volunteer State steps up with great infrastructure and friendly regulations, but quality of life needs work.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 295 19 22
Infrastructure 242 2 2 (Tie)
Cost of Doing Business 249 6 10
Economy 237 5 21
Quality of Life 107 42 (Tie) 46
Technology & Innovation 107 30 24
Education 76 37 40 (Tie)
Business Friendliness 119 4 (Tie) 6
Access to Capital 60 23 17
Cost of Living 44 7 5
Overall 1536 9 18

Economic Profile

Governor: Bill Haslam, Republican

Population: 6,651,194

GDP growth (Q4 2016): 1.5 percent

Unemployment rate (June 2017): TBD

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 21.40 cents/gallon

Bond rating/outlook (Moody's, S&P): Aaa, 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

Latest Special Reports

  • As the need for high-level financial advice grows, wealth managers handling high-net-worth clients grow more important.

  • 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.

  • Frontline insights and unique views on key issues and challenges facing today’s CFOs.