Tennessee named a top state for business

Tennessee named a top state for business

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NASHVILLE (WATE/AP) - Chief Executive magazine has named Tennessee one of the four top states for business.

Tennessee ranked fourth in the annual ratings for the second straight year. Others in the top five were Texas, Florida, North Carolina and Indiana.

More than 650 chief executive officers rated all 50 states in three general categories: taxation and regulation, quality of workforce and living environment.

The magazine sited two examples of CEO comments on the survey:

"Recently moved from New York state to Tennessee. Differences in ambience/climate/cost of living/attitude of government towards business are outstanding!"

"Good states have quality work force, affordable housing, good infrastructure and business friendly regulations with low income taxes, none of these apply to Illinois or California but do so in Tennessee and Texas."

Bill Hagerty, commissioner of the Department of Economic and Community Development, said the state continuously works to create and maintain a business friendly environment that encourages companies to grow and invest in Tennessee.

Some portions of this report copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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