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

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