Skip to content

Tennessee Ranks 11th in ALEC’s Economic Outlook Ranking

Tennessee Ranks 11th in ALEC’s Economic Outlook Ranking

April 19, 2023

The report looks at how states perform in 15 key categories

Tennessee Ranks 11th in ALEC's Economic Outlook Ranking

Tennessee came in 11th on the American Legislative Exchange Council’s latest State Economic Outlook Ranking. Among states in the Southeast, North Carolina finished 2nd, while Florida came in 9th. The No. 1 state on the forward-looking list was Utah. The Economic Outlook Ranking is a forecast based on states’ current standing in 15 state policy variables. Each of these factors is influenced directly by state lawmakers through the legislative process. According to ALEC, states that spend less — especially on income transfer programs — and states that tax less — particularly on productive activities such as working or investing — generally experience higher growth rates than states that tax and spend more. Tennessee ranked No. 1 on four of the 15 variables: top marginal personal income tax rate, whether it has an estate or inheritance tax, the state minimum wage and its right-to-work status. Click here to read the report.
Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

February 3, 2025
Vermont Capitol Update
In his budget address and other public comments, Governor Phil Scott called…
Read More
February 3, 2025
NY Capitol Update: 2025 Executive Budget Proposal
The state has estimated budget gaps of $6.5 billion in 2027, $9.8 billion i…
Read More
January 31, 2025
Gov. Stein Announces $30 Million Grant Program For Small Busine…
Impacted businesses lost $18 billion in revenue because of the hurricane.
Read More
January 29, 2025
TN Small Business Day Will Be Tuesday, Feb. 18
The event gives small business owns the opportunity to learn more about wha…
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility