DOING BUSINESS IN TENNESSEE

Tennessee Department of Economic and Community Development
931-637-8133
jamie.stitt@tn.gov
tnecd.com

Doing business in TennesseeWith one of the top business climates in the country, Tennessee is the ideal location for companies to locate or expand. When companies choose to invest and create jobs in Tennessee, it underscores our business-friendly environment and skilled workforce.

— Stuart C. McWhorter, Commissioner,
Tennessee Department of Economic and Community Development
Doing business in Tennessee
Nashville skyline photo from CMA Fest 2023 (Photo: Courtesy Tennessee Department of Economic and Community Development)

  FAST FACTS

Population (July 2022 est.): 7,051,339¹
Largest Cities (2020): Nashville (689,248); Memphis (631,326); Knoxville (190,594); Chattanooga (181,624); Clarksville (167,258)¹
Real GDP (2022): $367.8 billion²

¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce

  TARGETED GROWTH SECTORS

Automotive/EV: Tennessee’s automotive sector is a thriving hub for innovation and manufacturing, driving economic growth, job creation, and technological advancements.


Health Care and Life Sciences: Tennessee is home to more than 2,300 health care and life sciences companies that employ a workforce of nearly 33,000.


Food & Agriculture: Brands like M&M’s, Bush’s Beans, and Little Debbie grew out of Tennessee’s deeply held traditions of agriculture, hospitality, and craftsmanship.

  TOP PROJECTS

COMPANY
LOCATION
JOBS
Landmark Recovery Management Company LLC
Franklin
1,300
LG Chem America Inc.
Clarksville
860
SK Food Group, Inc.
Cleveland
840
Magna
Stanton
750
Hanon Systems USA, LLC
Loudon
600

FEATURED LOCATIONS

wilson county TN

Wilson County is strategically located in the center of thriving Middle Tennessee with access to three interstates, rail and an international airport. Wilson County truly has something of interest for everyone. From Cumberland University to major corporate headquarters and state parks to modern suburbs, the county offers a dynamic mixture of opportunity, prosperity and experience.

  EDUCATION PROGRAM

Tennessee’s GIVE initiative (Governor’s Investment in Vocational Education) is an effort to expand vocational and technical training programs, prepare students for high-demand careers and strengthen the state’s workforce. It aligns education with industry needs, empowering individuals for success. 

  TOP BUSINESS FACILITIES RANKINGS

#2 EV Industry Investment
2023 State Rankings
Top 5 Best Business Climate
2023 State Rankings
Top 5 Automotive
2023 State Rankings
Top 10 Customized Workforce Training
2023 State Rankings
Top 10 FDI (Cap. Investment)
2023 State Rankings
#1 Logistics Leaders: Memphis
2023 Metro Rankings
#1 Most Affordable Cities (Over 500K Pop.): Memphis
2023 Metro Rankings
Top 5 FTZ Activity (Exports & Imports): Nashville (FTZ 78)
2023 Metro Rankings
Top 10 Millennial Magnets: Nashville
2023 Metro Rankings
Top 10 Most Affordable Cities (Over 500K Pop.): Knoxville
2023 Metro Rankings

From the July / August 2023 issue of Business Facilities

LATEST NEWS

Doing Business In Tennessee

Energy Companies Invest Combined $300M In Tennessee

Type One Energy and Shoals Technologies Group will bring a combined $300 million in capital investments to Tennessee.
2023 Deals Of The Year

2023 Deals Of The Year

Entries for Deal of the Year awards spanned industries, investment types, and winning strategies. Here are the stories of this year’s picks.
Texas 2023 State of the Year

2023 State Of The Year: Opportunity Awaits In Texas

A robust business climate and strategic growth during 2023 earns the Lone Star State this recognition.