Tennessee Landed in Top 5 Best States for Business

For the first time ever, Tennessee has landed in the top 5 best states for business according to a study by CNBC.

CNBC stated in a release that the study was in measurement of which states are most likely to succeed when the country comes out of the global COVID-19 pandemic.1

In this recent study, all 50 U.S. states were ranked and given 85 metrics across the categories below:

  • Cost of doing business
  • Workforce
  • Life, health, & inclusion
  • Economy
  • Infrastructure
  • Technology & Innovation
  • Education
  • Business Friendliness
  • Access to capital
  • Cost of living

Tennessee’s highest-ranking category was economy, coming in at number overall. The Volunteer State also scored in the top ten of doing business, cost of living, and infrastructure.1

Here is the breakdown for each category:

  • 5th in Cost of Doing Business with 265 points
  • 25th in Workforce with 180 points
  • 46th in Life, Health, and Inclusion with 113 points
  • 2nd in Economy with 194 points
  • 4th in Infrastructure with 245 points
  • 32nd in Technology and Innovation with 82 points
  • 23rd in Education with 84 points
  • 20th in Business Friendliness with 117 points
  • 14th in Access to Capital with 124 points
  • 8th in Cost of Living with 65 points

Overall, Tennessee scored a 1,468 out 2,500 points.

1 https://www.bizjournals.com/nashville/news/2021/07/15/tennessee-lands-top-five-slot-best-states-for-biz.html

2 https://www.wymt.com/2021/07/15/tennessee-ranked-fifth-among-americas-top-states-business/