Tennessee good for biz, magazine says

Tennesseeis the third best state for business on Chief Executive magazine’s Best/Worst States for Business 2010.  That’s up from No. 5 last year.

Texas and North Carolina were the top two for 2010. The magazine rated states on taxation, workforce and living environment.

For what it’s worth, three high tax states — California, New York and Michigan — anchored the bottom of the list.

Gov. Phil Bredesen said in a press release that his administration has “worked hard to create a business-friendly climate in Tennessee. We remain committed to growing our state’s economy and providing the best possible education and training for our workforce.”

The gov’s gushing aside, Tennessee has had several recruiting successes in the last few years — Volkswagen, Wacker Chemie and Hemlock Semiconductor — to name just a few.

Read the full release from the Tennessee Department of Economic and Community Development here.

Read the Chief Executive magazine report here.