State Steering Committee
State Quick Facts
President, Bailey & Associates
President & CEO, Kingsport Chamber of Commerce
Vice President, Global Public Affairs and Policy, Eastman Chemical Company
President, Nashville Area Hispanic Chamber of Commerce
Attorney, Baker Donelson
CEO & Founder, Tennessee Bun Company
Founder & CEO, CapWealth Advisors, Inc.
President, Hispanic Chamber of Commerce of East Tennessee; CEO, Reveiz & Associates
Gross State Product:
Total Nonfarm Employment:
Bill Haslam (R)
Lamar Alexander (R),
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)
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.