State’s business climate dips
Posted: Tuesday, November 8, 2011 7:02 pm
NASHVILLE (AP) — Site Selection magazine lists Tennessee as having the eighth best business climate in the country this year — the state’s lowest ranking since 2002.
The ranking is based on taxes, new and expanded business facility activity and a survey of corporate site selectors. Ahead of Tennessee, in order, were Texas, Georgia, North Carolina, Virginia, South Carolina, Indiana and Louisiana.
The magazine gave the state the nation’s second-best rating in 2010, the last year of Democratic Gov. Phil Bredesen’s two terms in office. He was succeeded by Republican Gov. Bill Haslam in January.
The magazine provides expansion planning information to 44,000 executives. The ratings were announced last week and are published in the November issue.
Tennessee placed 15th in 2002, the last year of Republican Gov. Don Sundquist’s administration.