NASHVILLE, Tenn. – Over the past several weeks news organizations have placed Tennessee at the top of many economic rankings.
Awards for the most recent round of rankings for Tennessee include:
• Being named the 4th best state in the nation for business by Chief Executive Magazine;
• Placing as the 3rd best-managed state in the country by Barron’s Magazine;
• Ranking 4th in the country for transportation/road quality and 2nd in cost of living by CNBC;
• And being named the #1 state in the nation for retirement by Bankrate.com.
In addition to these honors, Site Selection magazine ranked Tennessee 8th in the U.S. for total number of new capital investment projects in the annual Governor’s Cup Awards. The organization also named Tennessee the eighth best state in the nation for business climate for the second year in a row. These highly regarded annual rankings are based on a state’s strong record of attracting new company investment deals, an analysis of statewide tax burden, and a survey of corporate site selectors.
Tennessee ranked seventh overall in Area Development magazine’s ‘Top States for Doing Business’ list — up one spot compared to the previous year’s survey results. Tennessee also scored the #1 ranking for overall global and infrastructure access, and beat out its competitors in ranking first in the nation for distribution/logistics hub access.