A person in a red plaid shirt holds a glass award that reads "100 Years of Business" with an emblem above it. Another person stands nearby. The background shows rustic wooden crates and a red toolbox.

Awards

2026
April
#3

Best State for Business (Chief Executive Magazine)

March
Corporate Investment Award

For Korea Zinc – Clarksville, Montgomery County and Gordonsville (Trade & Industry Development)

#3

Lowest Tax Burden State (WalletHub)

Community Impact Award

For BWXT Enrichment Operations, LLC; Oklo Inc.; Radiant Industries Inc. – Oak Ridge, Roane County (Trade & Industrial Development)

Community Impact Award

For Foam Products Corporation; PlastiExports; PolyPipe; Impact Plastics – Erwin, Unicoi County (Trade & Industrial Development)

Community Impact Award

For Silver Hills Bakery – Rossville, Fayette County (Trade & Industrial Development)

#1

Best State for Manufacturing in 2025 (Site Selection Group)

February
#1

U.S. City for Headquarters Operation – Nashville (Site Selection Magazine)

  • #3 for Industrial Power Cost
  • #8 for Business Tax Climate
January
#1

Top State for Nuclear (American Nuclear Society)

Impact Award

In Nuclear Energy for Orano USA and in Rural Renewal for Silver Hills Bakery (Business Facilities)

2025
December
#1

Fastest-Growing Startup Scene in the World – Nashville (Pitchbook)

November
#3

Best State for Middle Class Families Due to Low Tax Burdens (Kiplinger)

September
#6

State for Doing Business (Area Development)

  • #2 for Business Incentives Programs
  • #2 for Site Readiness Programs
  • #3 for Energy Availability
  • #3 for Corporate Tax Structure
  • #4 for Overall Cost of Doing Business
  • #4 for Cooperative Local and State Government
  • #4 for Logistics and Infrastructure
  • #5 for Workforce Training Programs
  • #5 for Favorable Regulatory Framework
Bronze Award

For 2024 Annual Report – Excellence in Economic Development Awards (International Economic Development)

August
Special Judge's Award

For 2024 Governor's Conference – Communications Awards (Southern Economic Development Council)

July
#5

Best Business Climate (Business Facilities)

  • #4 for Automotive
  • #6 for Broadband (Availability per Capita)
  • #8 for Overall Tax Climate
  • #8 for Customized Workforce Training
#8

Top State for Business (CNBC)

  • #3 for Business Friendliness
  • #9 for Infrastructure
June
Statewide Economic Development Organization Award

For Nuclear Energy Supply Chain Investment Fund (Business Facilities)

May
#2

Lowest state and local total taxes per capita (Tax Foundation)

April
#3

Best State for Business (Chief Executive)

#4

Lowest state for total tax burden (WalletHub)

March
Community Impact Award

For AAON, Inc. – Memphis, Shelby County and Type One Energy Group Inc. – Knox and Anderson Counties (Trade & Industry Development)

2024
March
Community Impact Award

For Richard International – Shelby County (Trade & Industrial Development)

Corporate Investment Award

For Cosmo International of America, Inc., subsidiary to MagnaInternational – Shelby County (Trade & Industrial Development)

January
#10

State to Start a Business (WalletHub)

2023
November
#6

Business Climate (Site Selection Magazine)

September
#3

Top State for Doing Business (Area Development Magazine)

  • #2 for Energy Availability and Costs
  • #2 for Cooperative and Responsive State Government
  • #3 for Overall Cost of Doing Business
  • #3 for Water Availability
July
#3

Top State for Business (CNBC)

June
#2

For Electric Vehicle Industry Investment (Business Facilities)

  • #4 for Top States in the Automotive Industry
  • #5 for Best Business Climate
Silver Shovel Award

For significant job creation and investment (Area Development)

April
#3

Best State for Business (Chief Executive)

January
Impact Award

In Foreign Direct Investment for LG Chem’s cathode manufacturing facility in Clarksville (Business Facilities)

View All Awards

  • #2 for Foreign Direct Investment job commitments (IBM Global Location Trends)
  • #2 State for Doing Business (Area Development)
    • #1 Overall Cost of Doing Business
    • #1 Shovel Ready Sites Programs
    • #1 Favorable Utility Rates
    • #1 Cooperative and Responsive State Government
  • #1 Best Business Climate (Business Facilities)
  • #1 for Workforce Development in the South Central Region (Site Selection)

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