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TN Ranks No. 16 in Best-for-Business Study

Gov. Bill Haslam may have talked a good game in a video pitching Tennessee as one of the best states in the nation for businesses, but CNBC disagreed.

In an independent study, the news outlet ranked the Volunteer State 16th in the country.

While Tennessee couldn’t snag a best-in-the-nation title in any of the 10 categories CNBC calculated, the state managed to rank second for “cost of living,” unchanged from last year’s study. Tennessee improved its position in other categories, like ranking fourth for “infrastructure and transportation” and sixth for “business friendliness.”

However, it dropped down a peg and ranked forty-eighth in the country for “quality of life.”

The top states in the best-for-business study were Texas and Utah, the worst states Rhode Island and Hawaii.

Although the study’s been published, Tennessee is still vying to show the results up through a CNBC Top States Twitter Battle contest. The state with the most tweets calling it the best state in the nation for business wins. Tenneessee’s hashtag is #TopStateTN.

As of this posting, Tennessee fell off the leaderboard for that contest, too. The state was in fifth place Monday, but now trails behind Iowa, Wisconsin, Massachusetts, Florida and Indiana. The winner will be announced Friday.

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