The Volunteer state came in at No. 7 in the annual survey of site consultants. Texas topped the list.
The ranking was based on several factors, including: business environment (costs, taxes and regulations, incentives, etc.); labor climate (diversity, costs, development programs, etc.); and infrastructure and global access (rail/highway access, shovel-ready sites, utility rates, logistics access).
The following is what the magazine had to say about Tennessee:
“Low taxes and fiscal stability are key reasons why many companies choose a city or state for expansion or relocation. According to Fitch Ratings, one of the country’s top bond rating agencies, Tennessee has the lowest debt ratio of any state in the country. In 2012 Barron’s magazine ranked Tennessee as the third-best-run state. Tennessee is a right-to-work state, has no personal income tax and enjoys the second-lowest cost of living in the United States.”
Article Courtesy of Nashville Business Journal
Search for Franklin TN Real Estate
Search Brentwood TN Real Estate