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Tennessee Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2021 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 241 | 15 | 25 | B- |
| INFRASTRUCTURE | 236 | 8 | 4 | B+ |
| COST OF DOING BUSINESS | 231 | 8 | 8 | A |
| ECONOMY | 281 | 2 | 2 | A+ |
| LIFE, HEALTH & INCLUSION | 108 | 42 | 46 | F |
| TECHNOLOGY & INNOVATION | 130 | 28 | 32 | C |
| BUSINESS FRIENDLINESS | 101 | 23 | 20 | C- |
| EDUCATION | 106 | 11 | 23 | B+ |
| ACCESS TO CAPITAL | 26 | 22 | 14 | C- |
| COST OF LIVING | 46 | 5 | 8 | A- |
| OVERALL | 1506 | 6 | 5 |
Economic Profile
Governor: Bill Lee, Republican
Population: 6,975,218
GDP growth (Q1 2022): -1.2%
Unemployment rate (May 2022): 3.3%
Top corporate tax rate: 6.5%
Top individual income tax rate: None
Gasoline tax: 27.40 cents/gallon
Bond rating (Moody's/S&P): Aaa, stable/AAA, stable
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
