DOING BUSINESS IN TENNESSEE

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

DOING BUSINESS IN TENNESSEE
“Tennessee is leading the nation with one of the fastest growing economies thanks to central location, strong workforce and business-friendly climate. In the Volunteer State, we emphasize relationship building because we believe a company’s location decision is a long-term commitment. Global brands like LG, Jack Daniel’s, Bridgestone, and Phillips already call Tennessee home, and you should, too.”
— Stuart C. McWhorter, Commissioner,
Tennessee Department of Economic & Community Development
DOING BUSINESS IN TENNESSEE
Groundbreaking at LG Chem facility in Clarksville, Tennessee in November 2023 (Photo: Courtesy Tennessee Department of Economic and Community Development)

FAST FACTS

Total Population (2024 est.): 7,204,000¹
Largest Cities (2024 est.): Nashville (687,150); Memphis (613,110); Knoxville (200,400); Chattanooga (188,850); Clarksville (185,118)¹
Real GDP (2023): $422 billion²

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

TARGETED GROWTH SECTORS

Nuclear Research & Development: Home to Oak Ridge National Laboratory and bolstered by Orano USA’s recent announcement to locate a uranium enrichment facility in Oak Ridge, under the leadership of Governor Bill Lee and its General Assembly, strategic investments are being made to build out the state’s nuclear ecosystem and secure Tennessee’s position nationwide as a leader in clean and reliable energy.


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


Automotive Innovation: Tennessee’s position as a leader in the automotive industry dates back decades, and today, it is one of three states nationwide that houses four major original equipment manufacturers: Ford, Volkswagen, Nissan, and General Motors.

TOP PROJECTS

COMPANY
LOCATION
JOBS
Avancez LLC
Stanton
501
Greenheck Fan Corporation
Knoxv
440
Schneider Electric USA
Mount Juliet
355
Orano USA
Oak Ridge
300
Protomet Corporation
Rockwood
250

FEATURED LOCATIONS

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 opportunity and prosperity.

CERTIFIED SITES PROGRAM

The Select Tennessee Certified Sites Program was developed as a process aimed at elevating sites to the level of preparedness necessary for corporate investment. The grant program markets the sites to a targeted group of site selection consultants and business leaders in Tennessee’s key industry clusters.

TOP BUSINESS FACILITIES RANKINGS

#1 Food Processing
2024 State Rankings
Top 5 Automotive
2024 State Rankings
Top 5 Best Business Climate
2024 State Rankings
Top 5 EV Investment
2024 State Rankings
Top 10 Customized Workforce Training
2024 State Rankings
Top 15 Outdoor Recreation
2024 State Rankings
#1 Logistics Leaders: Memphis
2024 Metro Rankings
Top 5 Best Business Climate (Large): Nashville/Davidson/Murfreesboro/Franklin
2024 Metro Rankings
Top 5 FTZ Activity (Exports): Nashville
2024 Metro Rankings
Top 10 Corporate Headquarters: Nashville/Davidson/Murfreesboro
2024 Metro Rankings
From the July / August 2024 issue of Business Facilities

Latest News

Microtex Composites Invests $3.8M To Locate Plant In Tennessee

Tennessee
The Italy-based composite manufacturer is locating its first U.S. facility in Chattanooga, creating more than 20 jobs.

Virginia Is Business Facilities’ 2024 State Of The Year

Virginia
Also with notable programs and successes, Arizona, Florida, Georgia, Indiana, Michigan, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, and Utah are 2024 Top Contenders.

ALUKO Group, Performance Food Group Invest $69M In Tennessee

ALUKO
ALUKO Group will bring 55 jobs to Madison County, while PFG expansion will add 37 jobs in Hamblen County.
Share to...