Business Climate

In other words, you need to be in Tennessee.

In Tennessee, we make world-class cars, guns and guitars. We make batteries, refrigerators, savory snacks and legendary whiskey. While other states gave up on their manufacturing workforce a long time ago, we never stopped making products used all over the world.

Quality Craftsmanship

We have learned that “Made in Tennessee” means something special in the global business community. We’re recognized around the world for the high quality of our  craftsmanship and the artisan strength of our workforce, the honest, hardworking people of Tennessee.  

We believe so strongly in the strength of our workforce that were making groundbreaking investments in education to make that workforce even stronger. With a deep commitment to educational programs aligned with business needs—and the funding to back up that commitment—Tennessee knows how to make things that last.

We Build Brands

Its no accident that some of the biggest and most respected brands in the world have chosen to call Tennessee home. Companies who come to Tennessee are not just looking for a place to do business—theyre looking for a home. Thats why we make the world's best whiskeys, Duracell batteries, GE refrigerators and La-Z-Boy recliners. Its why Tennessee is home to the largest ice cream plant in the world. Its why we make the M&Ms to put on top of our kids’ ice cream sundaes.

Our reputation for the quality of our work and the quality of the Tennessee lifestyle means we make cars for Nissan, General Motors and Volkswagen and car parts for Bridgestone, Hankook and Denso Manufacturing. Its why we make guns for Beretta USA and appliances for Whirlpool. It's why the U.S. defense industry comes to us. Its why the big brands call on us—and why they stay.

Fiscal Responsibility

Companies, investors, shareholders and executives choose Tennessee for our sound fiscal management and significant new investments in our economic ecosystem. Tennessee's budgetary discipline has allowed us to make meaningful investments in public education, workforce development and our international business reach.

Reasons to select Tennessee’s business-friendly environment:

  • No personal income tax on wages and salaries.
  • A right-to-work state.
  • A long history of fiscal responsibility that crosses party lines.
  • Lowest state debt per capita in the country—The Tax Foundation.
  • Second lowest in the U.S. for state and local tax taxes paid per capita—The Tax Foundation.
  • Triple A-rated state, with our most recent bond sale at the lowest interest rates in recorded history.
  • Successful overhaul of our tort and workers compensation laws.

State Credit Ratings:

 

The general obligation bonds of the state are currently rated as follows:

Moody's: Aaa
Standard & Poor's: AAA
Fitch:  AAA

Source: Tennessee Comptroller of the Treasury

 

The commercial paper of the state is currently rated as follows:

Moody's: P-1
Standard & Poor's: A-1+

Source: Tennessee Comptroller of the Treasury

#2

lowest state and local taxes paid per capita (fiscal year 2011).


—The Tax Foundation


Duracell
Colgate-Palmolive
Nissan Smyrna

AAA

bond rating by Moody's, S&P and Fitch

Beretta USA