Tennessee

State Steering Committee

State Quick Facts

Joe Bailey

President, Bailey & Associates

Miles Burdine

President & CEO, Kingsport Chamber of Commerce

Etta Clark

Vice President, Global Public Affairs and Policy, Eastman Chemical Company

Yuri Cunza

President, Nashville Area Hispanic Chamber of Commerce

Robert Divine

Attorney, Baker Donelson

Cordia Harrington

CEO & Founder, Tennessee Bun Company

Tim Pagliara

Founder & CEO, CapWealth Advisors, Inc.

Fuad Reveiz

President, Hispanic Chamber of Commerce of East Tennessee; CEO, Reveiz & Associates

Nickname:

Volunteer State

Capital:

Nashville

2016 Population:

6,651,194

Gross State Product:

$328.7 Billion

Total Nonfarm Employment:

2,953,500

Governor:

Bill Haslam (R)

Senators:

Lamar Alexander (R),
Bob Corker (R)

Representatives: 9


Support For Local Business

Representative Phil Roe (R) “The American Dream is built on an individual’s ability to become entrepreneurs, take risks and build a small business that can thrive and grow.”

(Representative Phil Roe, “The Importance of Small Businesses,” https://roe.house.gov/news/documentsingle.aspx?DocumentID=398160. 5/3/17)

Representative David Kustoff (R) “Small businesses are the backbone of the American economy and the main drivers of our local communities. In fact, two-thirds of all new jobs in the United States are created by small businesses. It is crucial that our entrepreneurs and small business owners have the support that they need, and as legislators, it is incumbent upon us to help create an environment that allows them to succeed.”

(Representative David Kustoff, “KUSTOFF HONORS WEST TENNESSEE SMALL BUSINESSES ON THE HOUSE FLOOR,” https://kustoff.house.gov/media/press-releases/kustoff-honors-west-tennessee-small-businesses-house-floor. 5/3/17)


Business Highlights

Tennessee’s 580,453 small businesses represent 99.5% of all employers in the state and employ 1.1 million workers.

Women-owned businesses make up 195,600 of Tennessee small businesses.

Veteran-owned businesses make up 59,300 of Tennessee small businesses.

A total of 7,326 companies, which operate internationally, competing in global markets on a daily basis for inputs, capital, and customers, export from Tennessee.

Tennessee exports reached a record $31.5 billion in 2016, with products and services going to over 231 countries.

Eleven Fortune 500 companies are headquartered in the Volunteer State.

Sources: Small Business Administration, U.S. Census Quickfacts, BRT Globally Engaged Companies, Business Roundtable, International Trade Administration, Fortune 500, FRED Economic Data, Bureau of Labor Statistics