Nashville ranks as the ninth most “business friendly city” of the state’s 50 most populous communities, according to a study the Beacon Center of Tennessee released today.
Of the state’s four major cities, Nashville earned the highest mark with a 64.7 overall score. Knoxville (42nd) scored a 37.5; Chattanooga (45th), a 33.5; and Memphis (50th), a 16.7.
See the full report — titled How Business-Friendly are Tennessee’s Cities? — here.
The ranking is the result of data the center, a Nashville-based think tank, collected using 10 factors that affect local economies and determine the future growth of communities.The study ranks each city with a score in three primary categories: economic vitality, business tax burden and community allure.
Brentwood scored an 82.2, with Franklin tied with Farragut (a Knoxville suburb) in second place with an 81.2.
“Brentwood’s achievement as Tennessee’s top business-friendly city for two years running proves the city is serious about providing an economic environment ripe for entrepreneurial activity and stability,” Lindsay Boyd (pictured), the Beacon Center’s director of policy and co-author of the report, said in a release. “Families, small business leaders, and college graduates can all find opportunities in Brentwood’s thriving community.”