Tennessee ranks in the top ten states for business, according to Area Development Magazine’s fourth annual Top States for Doing Business survey. Tennessee earned high marks for low taxes and fiscal stability, including having the best balance sheet in the nation. Tennessee also scored highly for a strength in automotive manufacturing and transportation infrastructure.
Site consultants ranked the states based on their number of mentions in 17 categories (scores were weighted based on position in each category and then overall). Those categories included: Business Environment (costs, taxes and regulations, incentives, etc.), Labor Climate (diversity, costs, development programs, etc.); and Infrastructure and Global Access (rail/highway access, shovel-ready sites, utility rates, logistics access). Following is more detailed information on the attributes of the top-10 states that provides insight into the rankings. Additionally, several site consultants who participated in the survey offered their comments.