The cost of doing business in Tennessee is 10.5 percent below the national average, but the Volunteer State is only the 24th best state for business, according to a new Forbes magazine ranking.
That’s down three spots from a year ago.
Among the criteria Forbes used to compile its 2012 Best States for Business list, Tennessee fares best in Regulatory Environment – 13th – and Business Costs – 14th.
But the state is no better than 30th in all other criteria Forbes considered in ranking the states.