GOP Lawmakers Praise TN’s Latest Economic Growth Ranking

Press Release from the Tennessee House GOP Caucus, June 14, 2011:

Conservative Legislators Believe Historic 2011 Session Will Further Enhance Economic Development in the Volunteer State

(June 14, 2011, NASHVILLE) – A report on data compiled by the United States Bureau of Economic Analysis reveals Tennessee is once again among the leaders for economic development in the country.

The report, researched by On Numbers, shows the economy did expand last year in nearly every State, but only 14 grew by three percent or more. Tennessee placed number six on the ranking, the highest ranking obtained by any Southern State.

After learning of the report, the Republican Leadership of the House of Representatives released the following statements:

Speaker Beth Harwell (R—Nashville) stated, “This ranking highlights what many of us already know: Tennessee is open for business. We have a dynamic, pro-business environment that is attracting the attention of more and more top companies with each passing day. That said, there is more work to be done. I look forward to another successful session next year that will lessen the role of government and enhance the job environment for Tennesseans.”

Majority Leader Gerald McCormick (R—Chattanooga) added, “These numbers reveal the fact our State is making a move to the top in economic growth and the success of the 2011 legislative session will go a long way towards ensuring we get there. With proactive measures such as tort reform and education reform, we are serious about making Tennessee the premiere destination in the country for economic development.”

GOP Caucus Chair Debra Young Maggart (R—Hendersonville) remarked, “Tennessee has done a remarkable job of attracting companies and creating a positive environment for businesses to expand. Government doesn’t create jobs; it paves the way for job creation in the private sector. I believe, over the next few years, with our Governor’s vision and our Republican Majority’s dedication to removing the barriers to job development, our State will only continue to rise in the rankings.”