By the Numbers
NO
Personal Income Tax
#4
Business Climate in the U.S.
AAA
Bond Rating
50th
Last in State and Local Taxes per Capita
A Business-Friendly Community
We are in one of America’s most business-friendly states, with low debt, a balanced budget, and a strong workforce. A right-to-work state, our combination of affordability, stability, lifestyle and technological know-how attracts new businesses, from global corporations to small businesses and innovative entrepreneurs.
Sound Fiscal Management
Tennessee has a long history of fiscal responsibility and budgetary discipline that crosses party lines.
Postsecondary Education
Roane State Community College, Harriman’s Tennessee School of Applied Technology, the nearby University of Tennessee and other colleges provide academic and workforce development support.
Economic Investment
Tennessee’s budgetary discipline allows meaningful investments in education, workforce development and international business reach.
Cutting-Edge Research
With a 75-year history of research and technical excellence, we are in the heart of the new Oak Ridge - UT Innovation Institute, including Oak Ridge National Laboratory.
Low Corporate Taxes
Corporate (excise) tax is 6.5% of net earnings, and franchise tax is 25 cents per $100 of capital properties. The state sales tax is 7%.
