Tennessee Rated #1 by Business Facilities

Business Facilities magazine says Tennessee leads the nation in economic development achievement. Tennessee was ranked first with 196 out of 300 possible points with $687.58 in new business capital invested per resident, followed by Virginia with a ranking of 166 points.

The rankings were created by measuring jobs created, jobs retained and capital investment and adjusting the figures based on the Census Bureau's 2005 state population estimates. The point values for all three categories were combined to determine overall economic development.
In a reader ranking of business locations, Tennessee ranked fourth. North Carolina and Texas tied for the top spot and South Carolina preceded Tennessee.

Business Facilities magazine focuses on the site selection marketplace, targeting growing companies seeking the best location for their business.