MIPIM

Learn More About Opportunity in Tennessee

Tennessee consistently ranks among the top states in the nation for business climate, thanks to its pro-growth policies, low tax burden, and strategic central location. With no state income tax, a competitive corporate tax structure, and a streamlined regulatory environment, Tennessee offers companies a cost advantage that outperforms many coastal markets. The state’s strong workforce pipeline, right-to-work status, and robust infrastructure anchored by major interstates, rail, river, and air access make it an ideal hub for logistics, advanced manufacturing, healthcare, and corporate headquarters. Check out some fast facts about Tennessee that make it a great place to live, work, and invest!

Fast Facts about Tennessee

More than Music

While Tennessee is known as the Home of the Blues and the Capital of Country Music, its contributions to the nation expand far beyond music. It is a vast and diverse state with much to offer.

41% of Tennessee is farmland, generating more than $5 billion annually. Our largest agricultural exports are soybeans, cotton, corn, and hay.

Big Business
Tennessee is home to more than 486,000 businesses, including over 1,000 foreign-based entities. 
Infrastructure

Roadways

1,900+ Kilometers of interstates.
154,000 kilometers of highway roads.
552 million tons of freight flow in 2022, which translates to $813,000,000,000 in value of freight flow.

The top outbound commodities in 2024 include medical and surgical instruments, computers and smartphones, and automobiles.

Waterways Map

1,500+ km of navigable waterways.
Over 50 million tons of goods move up and down the river every year.
The Tennessee River provides the least expensive form of transportation for dozens of Tennessee Valley industries that either produce or use raw materials.

Major commodities shipped on the Tennessee River include aggregates (such as gravel, sand, and crushed stone), coal, chemicals, grains, iron & steel, minerals, and petroleum.

 

Rails

4,100+ km of main and short-line railroads.
The 3rd largest rail center in the nation.

 

Airports

There are 5 commercial airports in Tennessee, including one of the world’s busiest cargo airports in the U.S.

Opportunity Zones

Tennessee has 176 opportunity zones. Opportunity zones are a new economic development initiative established by Congress in the Tax Cuts and Jobs Act of 2017. This specific tax incentive program is designed to drive long term investments to low-income communities.

75 out of Tennessee’s 95 counties contain an opportunity zone. More than 54,000 businesses are already taking advantage of the capital gains tax incentive programs by operating in an opportunity zone.

Tourism in Tennessee

The Great Smoky Mountains National Park is the most visited U.S. National Park and has held that title (most visited US National Park) for 10+ years running.

Great Smoky Mountains National Park is one of 13 national parks in Tennessee. Additionally, there are 56 state parks for visitors to explore throughout the state.

Tennessee saw over 147 million visitors in 2024, bringing in a record $31.7 billion.


It’s not just our scenic parks drawing tourists to Tennessee, large groups flock to cities like Nashville and Memphis for the music and food. Tennessee is known for its music, music legends like Elvis Presley and Dolly Parton, BBQ, Jack Daniels Whiskey, and Little Debbie sweets.


We’re also home to several professional sports teams like the Tennessee Titans, Nashville Predators, and the Memphis Grizzlies, which draw large crowds within the state and host sports fans from across the country who travel to support their teams.


Total visitor spending generated $3.3 billion in state and local tax revenue 2024.

Cost of Living in Tennessee
That $3.3 billion in taxes saved each Tennessee household an additional $1,160 in taxes.

That, combined with the fact that Tennessee has no income tax, helps lower Tennessee’s cost of living, making Tennessee about 10% lower than the national average.

The housing market is 20% lower compared to the national average, our healthcare is 12% lower, and transportation is also 12% lower than the national average.

Shovel-Ready Projects

Explore this interactive map of Tennessee and check out available properties.

Explore Tennessee

Get In Touch!

MIPIM - Tennessee REALTORS® Contact

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