13. Tennessee

A great economy and solid infrastructure are aligned with smart business. But quality of life needs a leg up.

Tennessee state Flag emblem on metallic texture
phot705 | iStock | Getty Images
2019 Rank
2018 Rank
Workforce 226 32 27 D+
Economy 289 5 7 A
Infrastructure 221 5 5 A-
Cost of Doing Business 218 17 15 A-
Quality of Life 86 48 47 F
Education 89 28 33 C
Technology & Innovation 93 23 30 C+
Business Friendliness 131 7 8 B+
Access to Capital 44 23 23 C+
Cost of Living 45 6 5 A
Overall 1442 13 13 -

Economic Profile

Governor: Bill Lee, Republican

Population: 6,770,010

GDP growth (Q4 2018): 1.6%

Unemployment rate (May 2019): 3.3%

Top corporate tax rate: 6.5%

Top individual income tax rate: 2%

Gasoline tax: 26.40 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

Best | Worst

  • HOUSTON, TX - MARCH 26: United States fans celebrate with a USA banner in game action during a friendly International match between Chile and the United States on March 26, 2019 at BBVA Compass Stadium in Houston, TX. (Photo by Robin Alam/Icon Sportswire via Getty Images)

    The war between the states for business and jobs has never been more intense, with states paying staggering amounts of taxpayer dollars to woo companies. Here is the ranking of America's Top States for Business in 2019, released by CNBC today.

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    Analyzing the data from the CNBC America's Top States for Business study, we reveal the 10 states that get the highest marks for low crime, inclusiveness, a strong health system and a healthy environment.


Top States Past Year Rankings

  • CNBC unveils its 12th annual America's Top States for Business study. See where your state ranks in 2018.

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    CNBC unveils its 10th annual America's Top States for Business ranking, scoring all 50 states on 10 key measures of competitiveness.