State Briefs

Tennessee Department of Finance and Administration Commissioner Jim Bryson announced today that revenues for December were higher than expected and exceeded the monthly revenues from the previous year.

State revenues for December were $2 billion or $217.2 million more than the budgeted estimate...

The Tennessee Department of Economic and Community Development (TNECD) has approved three new Select Tennessee certified sites in Hartsville, Lafayette, and Morristown. The sites join more than 70 sites across the state that have received the certification. The three new sites are the Macon...

The November statewide unemployment rate in Tennessee held steady heading into the holiday season, according to the Department of Labor and Workforce Development (TDLWD). The seasonally adjusted jobless number for November 2022 remained unchanged at 3.5%.
 
In a year-to-year comparison, the statewide...

Although a mild recession might be on the horizon for the U.S., a new report released by the Boyd Center for Business and Economic Research at the University of Tennessee at Knoxville shows Tennessee’s outlook is a little sunnier. 

In the U.S., inflation-adjusted gross domestic product (real GDP)...

Tennessee revenue collections for November exceeded the budgeted estimate.

Department of Finance and Administration Commissioner Jim Bryson announced that overall November state revenues were $1.5 billion, which is 6.66% more than November 2021 and $156.8 million more than the budgeted estimate.

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Tennessee is the ninth-fastest growing state in the nation. The state of Tennessee saw a 5% increase in population in the past five years, above the average 2.8% average change in population seen nationwide. Tennessee saw its population rise by 329,208 in2021 to 6,975,218 with the vast majority of...

Tennessee has received $6 million in federal grants to plan for the expansion of access to high-speed internet networks. The funding is part of a $6 billion investment by the White House with the goal of connecting all Americans to broadband networks. Of the $6 million being received by the state of...

More than 45 municipalities will share in the $27.3 million in Community Development Block Grants (CDBG) being shared among 64 communities across the state. 

Tennessee Gov. Bill Lee and Department of Economic and Community Development Commissioner Stuart McWhorter recently approved $27.3 million in...

New business filings in Tennessee for the third quarter of 2022 were the highest for a third quarter in the 24-year history of the data being collected, according to the new Quarterly Business and Economic Indicators report issued by Secretary of State Tre Hargett’s office. The 1.1% year-over-year...

The Tennessee Higher Education Commission (THEC) recently launched a state-level vision and initiative to create a momentum-building year with key goals to increase the college-going rate and better align education to meet the state’s growing workforce needs. 

As an early indicator for the momentum...

Tennessee continues to experience low unemployment, despite a slight uptick in October’s monthly rate, according to the Department of Labor and Workforce Development.

The seasonally adjusted number for the month increased by just 0.1 of a percentage point to 3.5%. The state has had unemployment rates...