Tag Archives: Income

Forbes: Tennessee 24th best state for biz

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.

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Knoxville falls on Forbes list of best cities for biz

UPDATE: Knoxville Chamber president’s comments added.

Metropolitan Knoxville dropped to No. 56 on Forbes’ 2010 list of the Best Places for Business and Careers.

That’s down from No. 43 on the 2009 list and a high-riding No. 10 in 2008.

Plummeting 46 spots in two years, that’s the bad news. The good news is that Knoxville still ranks higher than 144 of the 200 largest metros in the country.

It’s all relative.

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Where’s the money?


CORRECTION. The original post had the incorrect percentage drop in Tennessee personal income. The error has been fixed.

If you found it harder to make ends meet last year, there’s a reason. State personal income in the U.S. fell an average of 1.7 percent in 2009, the Department of Commerce said today.

In Tennessee, the decline was 1.26 percent. In raw dollars, per capita income in Tennessee dropped to $34,089 in 2009 from $34,833 in 2008, according to a press release from the Bureau of Economic Analysis.

Here’s a chart of the Knoxville MSA stats.

Incomechange.png

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