Tennessee ranks in Site Selection’s Top 10
NASHVILLE, Tenn. — Tennessee is one of the “Top 10 Competitive States for 2015,” according to Site Selection magazine’s annual ranking.
Kentucky ranks sixth on the list. The top state on the list is North Carolina. The rest of the top 10 includes (2) Louisiana, (3) Texas, (4) South Carolina, (5) Tennessee, (7) Michigan, (8) Indiana, (9) Ohio and (10) Georgia.
Site Selection, which is influential with the community of economic development professionals, ranked Kentucky sixth this year. Much of the ranking is based on states’ new project performance in Site Selection’s database, which tracks new facilities and expansions that meet one or more of these criteria: a minimum $1 million capital investment, creation of 20 or more new jobs or new construction of 20,000 or more square feet. Other factors that affect the rankings include the state tax climate, number of new jobs and ranking on the Beacon Hill Institute’s state competitiveness index.
Earlier this month Site Selection named two of Tennessee’s chambers of commerce among the top economic development groups in the U.S. As a “Best to Invest” feature in the May issue, the magazine ranked groups based on new jobs, new jobs per 10,000 residents, economic development strategy and project activity. The Nashville Area Chamber of Commerce and Chattanooga Area Chamber of Commerce were both listed. Tennessee is the only state with two chambers in the top listing.
Site Selection, an Atlanta-based publication, has published rankings of states and metropolitan areas annually since 1978. The magazine’s circulation base consists of 48,000 executives involved in corporate site selection decisions.
Source: Site Selection
Source: Nashville Business First