Business Climate

Growth Starts Here

Sustainable, Equitable, and Innovative

MEMPHIS BUSINESS CLIMATE

BY THE NUMBERS

#1

fiscally stable state in the Southeast, #5 overall in fiscal stability in the U.S

6.5

corporate income tax

0

personal income tax on wages and salaries

A Climate for Positive Change

Tennessee is committed to providing an attractive business climate with a focus on low debt and a pro-business regulatory environment. Tennessee is proud to be a right-to-work state with no personal income tax on wages. Our state and local tax burdens are among the lowest in the country, and our state budget operates with a healthy surplus rather than a deficit.

OTHER REASONS TO SELECT TENNESSEE’S BUSINESS-FRIENDLY ENVIRONMENT

  • No personal income tax on wages and salaries.
  • A right-to-work state.
  • A long history of fiscal responsibility that crosses party lines.
  • Second lowest state debt per capita in the country, per The Tax Foundation.
  • Third lowest in the U.S. for state and local tax taxes paid per capita, per The Tax Foundation.
  • Triple A rate by all major rating services.
  • Successful overhaul of our tort and workers compensation laws.

Incentives

Moving your business to Tennessee makes economic sense.

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Services + Resources

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County Profile

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EXPLORE OUR CITY

Memphis has all the resources of a big city and is centrally located to the rest of the U.S.

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