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.
Tennessee could grow by nearly a million people over the next 20 years to reach a total population of 7.87 million by 2040.
A $3 million gift to the Haslam College of Business will create two distinguished professorships and expand the existing Boyd Center for Business and Economic Research Endowment.
Inflation and labor force issues are top concerns for Tennessee business leaders, according to the most recent survey by the Boyd Center for Business and Economic Research.
The Boyd Center report examines the long-term economic outlook for Tennessee as well as the results of the 2020 census.