Relocating or Expanding to Tennessee?
Consider the economic environment, laws, and lifestyle of the state
|
|
 |
| View Tennessee's Photo Gallery |
|
| |
 |
| Economic Environment |
|
|
Tennessee is known as the "Volunteer Sate" because of the unique and vital importance citizen volunteerism played in state and American history. During crital moments of the revolutionary war, the war of 1812, the Mexican War, WW1 and WW2, the selfless and intrepid spirit of Tennessean volunteer soldiers both united the state and defined a nation.
Tennesseans are known for being spirited self-starters less reliant upon government for their support than their own ingenuity and work ethic. The state is famous for its economic diversity which includes world renown music, auto manufacturing, health care, publishing and banking.
With a land area of over 41 thousand square miles and a population of approximately 6.1 million residents, the state features starkly contrasting geography, including an abundance of lakes and verdant rolling hills, the great Smoky Mountains, the Mississippi delta, and bucolic farmland. Tennesssee is also as cultural diverse as its scenary is varied, and is home to four major cities which owing to their unique attractions and hospitality, now enjoy a burgeoning tourism trade.
|
 |
| Tennessee Laws |
|
|
 |
| Lifestyle |
|
|
 |
| STATE INCENTIVES FOR NEW BUSINESSES |
|
|
There are no restrictions on foreign investment within the state of Tennessee; nor are there any currency regulations or exchange controls. Foreign businesses do, however, require a certificate of authority from the Secretary of State. Tennessee also is one of four states in the United States that does not impose a state income tax on its residents.
Tennesse is also a "Right-to-Work" state that allows employees to either choose to work with or without membership in any trade union. Absent a contract to the contrary, Tennessee state laws generally allow employers or employees to terminate their employment without cause at any time. Terminations by employers must, however, not be either discriminatory or retaliatory.
|
|
