Knoxville, not so much. That’s according to the 2010: How Business-Friendly Are Tennessee’s Cities? study released in late November by the Tennessee Center for Policy Research. It ranked the state’s 50 largest communities on alluring traits like (low) business and individual tax rates and high school grad rates. Overall, Farragut came out second in the Top 10 (amid nine Middle Tennessee cities) and Knoxville fourth to last. Ironically, Farragut’s main claim to fame is its 100 percent favorable business tax rate, including perfect scores on business property tax and gross receipt sales tax—while Knoxville’s scores on those same two, 23.8 percent and 50 percent respectively, is the main reason it landed towards the bottom of the heap.
The Top Five Business-Friendly Cities in Tennessee...
1. Mt. Juliet
4. Spring Hill
...and the Bottom Five
46. Oak Ridge