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TCPR Ranks Cities for Business Friendliness

Press Release from the Tennessee Center for Policy Research, Nov. 22, 2010:

Report scores business climate of Tennessee’s 50 most populous cities

NASHVILLE – The Tennessee Center for Policy Research (TCPR) today released its annual rankings detailing the business climate in the state’s 50 most populous cities. The report, How Business-Friendly Are Tennessee’s Cities? (pdf), ranks each city in three categories that reflect a commitment to encouraging business success and fostering an entrepreneurial spirit.

Based on its overall score, Mt. Juliet is Tennessee’s Most Business-Friendly City in 2010. The city’s high ranking results from its significant population growth and low tax burden, including the fact that it lacks a local property tax.

“In recent years, Mt. Juliet has shown an unmatched commitment to creating an economic climate that is both welcoming to new business and nourishing to existing enterprise,” said TCPR president Justin Owen. “The city’s inviting tax and regulatory policy has paid off, leading it to the top of the business-friendly rankings in 2010.”

Farragut, Brentwood, Spring Hill, and Franklin round out the top five. The state’s least business-friendly cities include Memphis, Dyersburg, Tullahoma, Knoxville, and Oak Ridge.

The three main categories for this year’s rankings are: Economic Vitality, Business Tax Burden, and Community Allure. Each category is comprised of a number of factors, including property and sales tax rates, job and population growth, median per capita income, cost of living, crime rates, high school graduation rates, and ACT scores.

TCPR culled data from the U.S. Census Bureau, the Tennessee Department of Education, the state Comptroller of the Treasury, and the Federal Bureau of Investigation, among other sources. Each city was then ranked on a 100-point scale, indicating its friendliness to business.

“These rankings represent a reflection of certain cities’ commitment to creating a business-friendly climate free of stifling taxes and restrictive regulatory burdens,” Owen said. “We encourage all Tennessee communities to follow the lead of the cities with the most inviting business environment.”

The full report can be viewed online at www.tennesseepolicy.org or downloaded in PDF format by clicking here.

The Tennessee Center for Policy Research is an independent, nonprofit, and nonpartisan research organization committed to achieving a freer, more prosperous Tennessee by advancing free markets, individual liberty, and limited government.

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Categories
NewsTracker Transparency and Elections

Mr. Juliet Voters Ban Holding Dual Officeholders; Implications For Linda Elam

Mt. Juliet voters have approved a measure banning city officeholders from holding other offices, 5,212 to 762, with all precincts reporting.

The measure could affect Mt. Juliet Mayor Linda Elam, who has not said whether she would give up the post if she won her race for state House, The Tennessean reported last week. Elam, a Republican, is posting a strong lead in the District 57 race with 14,447 votes to Democrat Allen Barry’s 4,475. Neither of the independents, Luther Lenning and Heather Scott, has amassed 2,000 votes.

Categories
NewsTracker Transparency and Elections

Mt. Juliet Measure To Ban Holding Two Offices Ahead In Early Voting

The early voting totals in Mt. Juliet are in, and they show voters in favor of banning city officeholders from holding other offices. The measure is ahead, 2,589 to 251.

That could be a problem for Mt. Juliet Mayor Linda Elam, who has not said whether she would give up the post if she won her race for state House, The Tennessean reported last week. Elam, a Republican, is leading in the District 57 race with 9,902 votes to Democrat Allen Barry’s 2,791. Independents Luther Lenning and Heather Scott each have more than 1,000 votes so far.