Business Leaders Concerned About Inflation but Optimistic About Tennessee
Despite a pessimistic outlook on the U.S. economy, business leaders remain optimistic about Tennessee’s business climate.
Despite a pessimistic outlook on the U.S. economy, business leaders remain optimistic about Tennessee’s business climate.
The state has already recorded robust population increases in the early 2020s, and by 2030 is expected to grow to 7.51 million people.
The Boyd Center conducted the survey between January 10 and 31, gathering responses from business leaders across Tennessee.
Tennessee’s economic outlook is more favorable than the national outlook thanks to an influx of new residents, which is driving economic growth and business formation in Tennessee.
Nearly three-quarters of surveyed business leaders said Tennessee is heading in the right direction, and 62% said enhanced workforce and infrastructure would help the state even more.
Economic Impact of Child Maltreatment in Tennessee
Tennessee business leaders remain optimistic about the state’s economy despite concerns.
According to new regional data released by the Bureau of Economic Analysis and analyzed by the Tennessee State Data Center, housed in UT’s Boyd Center for Business and Economic Research, the state’s prices ranked as the 10th lowest in the nation in 2021.
An increase in residents and a strong labor market are among the reasons Tennessee is less likely to experience a recession.
The UT Boyd Center for Business and Economic Research finds that the uninsured rate for Tennessee children declined for the second straight year.
Views on inflation are beginning to soften as many state business leaders believe Tennessee’s economy is on a much better trajectory than the nation’s.
After 27 years at the helm of UT’s Boyd Center for Business and Economic Research, Bill Fox is stepping down to serve as special advisor to the chancellor. He will provide economic analysis to inform the areas of budget and finance, workforce development, corporate engagement and public policy.