Tennessee was selected as the Best Dealmaker thanks to recent deals with such companies as Ford (6,000 jobs), Smith & Wesson (750), Chewy Inc. (1,200), Thermo Fisher Scientific (1,400) and an Amazon corporate headquarters in Nashville (5,000), among others. In addition, the Global Business Alliance recently noted that Tennessee was second to only Minnesota in the growth of jobs from foreign-based employers, growing by 33.4% over the last five years. The state is now home to more than 860 global companies operating plants, offices and other facilities.
"Tennessee is making a name for itself as a leader in attracting new businesses," Mendelson added. "With one of the country's lowest per capita tax burdens, no state income tax or state property tax, the state is making a big statement on how to serve as a magnet that is drawing a lot of interest from the business community."
VA, TN, and MA earned BF's 2021 States of the Year awards for excellence in Business Climate, Dealmaking or Workforce/Educational System.
businessfacilities.com