Annual ‘Chief Executive’ Magazine Ranks Tennessee Fourth for a Second Consecutive Year

NASHVILLE – Chief Executive repository named Tennessee one of a tip 4 states in a republic for business currently in a eighth annual consult of Best and Worst States for Business. More than 650 arch executive officers rated all 50 states in 3 ubiquitous categories: taxation and regulation, peculiarity of workforce and vital environment. Tennessee ranked fourth for a second uninterrupted year. Rounding out a tip 5 were Texas, Florida, North Carolina and Indiana.

“It is an respect to be famous by Chief Executive repository for a tough work commencement finished in a state,” Bill Hagerty, commissioner, Tennessee Department of Economic and Community Development, said. “Governor Haslam is a successful business male himself, so he understands accurately what companies are looking for when relocating and expanding. It’s with his discernment and care that we are invariably operative to emanate and say a business accessible sourroundings that encourages companies to grow and deposit in Tennessee.”

The repository sited dual examples of CEO comments on a survey:

• “Recently changed from New York state to Tennessee. Differences in ambience/climate/cost of living/attitude of supervision towards business are outstanding!”

• “Good states have peculiarity work force, affordable housing, good infrastructure and business accessible regulations with low income taxes, nothing of these request to Illinois or California though do so in Tennessee and Texas.”

The Chief Executive repository respect is a latest in a series of awards Tennessee has perceived for a mercantile expansion efforts recently. In March, Trade Industry Development repository named Amazon.com, Inc., General Motors, Quaprotek USA, MANN+HUMMEL USA and a Tennessee Department of Economic and Community Development among a recipients of a 2012 Corporate Investment Community Impact (CiCi) Awards, totaling a many for any state. Tennessee warranted a clever ninth place finish in a annual Site Selection magazine’s Governor’s Cup for mercantile expansion and was ranked among a tip 10 states in a U.S. for best business climates. The repository also famous Amazon.com, Inc. as one of a Top Deals of 2011.

To review a full Chief Executive magazine’s Best and Worst States for Business article, revisit http://chiefexecutive.net/best-worst-states-for-business-2012.

About a Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s goal is to rise strategies that assistance make Tennessee a No. 1 plcae in a Southeast for high peculiarity jobs. The dialect seeks to attract new corporate investment in Tennessee and works with Tennessee companies to promote enlargement and mercantile growth. To find out more, go to www.tn.gov/ecd.

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Media Contact: Shannon Sumrall, ECD
Office: (615) 253-4897
E-mail: shannon.sumrall@tn.gov