Tennessee’s Business Filings Show Continued Growth

Tuesday, February 25, 2020

Initial business filings continue year-over-year growth and don’t show any signs of slowing down, according to a reported released Tuesday by Secretary of State Tre Hargett’s office. 

The Tennessee Quarterly Business and Economic Indicators report for the fourth quarter of 2019 showed that there were 10,604 new business filings representing a 7.8 percent increase over the same quarter in 2018. Initial filings have now seen positive year-over-year growth in 33 consecutive quarters. New filings from domestic nonprofit corporations saw the strongest year-over-year gains, increasing by 13.3 percent.

“Tennessee welcomes new business and business leaders continue to take note. Our data shows strong growth across the state and a healthy economy with no signs of slowing down,” said Secretary Hargett.

According to the report, Tennessee’s unemployment rate remains at a record low of 3.3 percent and is 0.3 percentage points below the national average. Nonfarm employment in Tennessee expanded by 1.6 percent in December, representing an increase of 49,200 jobs compared to December of 2018.

“The strong new entity filing numbers in the last quarter of 2019 suggest that Tennessee’s economic expansion and historically low unemployment rate will continue into 2020,” said Dr. William Fox, director of the University of Tennessee Knoxville’s Boyd Center for Business and Economic Research.

The Tennessee Quarterly Business and Economic Indicators report provides a snapshot of the state’s economy based on a variety of key indicators, including new business data from the Secretary of State’s Division of Business Services. It’s published through a partnership with the University of Tennessee Knoxville’s Boyd Center for Business and Economic Research and the Secretary of State.

To review the complete Q4 2019 Tennessee Quarterly Business and Economic Indicators report, past reports and a recording of Tuesday's teleconference visit, https://www.sos.tn.gov/tennessee-quarterl-business-and-economic-indicators-reports.   


Signal Mountain Nursery Still Selling Local-Grown Plants

UT, TVA Sign Agreement On Advance Nuclear Reactor Demonstration

Martin Pierce: Make Or Update Your Will And Advance Directives


Governor Bill Lee’s shelter in place order has changed many people’s lives. With parks closed and trails unavailable for use, there are fewer things to do out in the open air. But throughout ... (click for more)

The University of Tennessee and the Tennessee Valley Authority signed a memorandum of understanding to evaluate the development of a new generation of cost-effective advanced nuclear reactors, ... (click for more)

With the COVID-19 pandemic, we are having many people ask us about getting their wills and estate planning done and updated. Our office is open and we are helping people daily with this important ... (click for more)




Business

Signal Mountain Nursery Still Selling Local-Grown Plants

Governor Bill Lee’s shelter in place order has changed many people’s lives. With parks closed and trails unavailable for use, there are fewer things to do out in the open air. But throughout this strange time, one popular activity has been gardening and landscaping. For those around the Signal Mountain area, Mark Bonastia and the Signal Mountain Nursery is the place to go if they ... (click for more)

UT, TVA Sign Agreement On Advance Nuclear Reactor Demonstration

The University of Tennessee and the Tennessee Valley Authority signed a memorandum of understanding to evaluate the development of a new generation of cost-effective advanced nuclear reactors, such as small modular reactors, at TVA’s 935-acre Clinch River Nuclear Site in Roane County. TVA has not made a decision to build and would first need approval from the Nuclear Regulatory ... (click for more)

Breaking News

Georgia Coronavirus Cases Now Over 10,000; 369 Deaths

Georgia state health officials said Wednesday evening that another seven people have died from the coronavirus since Wednesday morning, bringing the total to 369. The confirmed cases are now over 10,000, at 10,189, up from 9,156 on Tuesday. Officials said 2,082 have been hospitalized in Georgia with the deadly virus - up from 1,899 on Tuesday. Whitfield County remains ... (click for more)

7 More Die Of Coronavirus In Tennessee; Cases Go To 4,362; Hamilton County Has 94 Cases With 49 Recovered

Tennessee now has 79 coronavirus deaths - up seven since the Tuesday report. Cases have gone up from 4,138 to 4,362. Officials said 449 people have been hospitalized in the state from coronavirus. The state report shows 94 cases in Hamilton County and nine deaths. Of the total cases, 49 have recovered and 27 are still in the hospital. Bradley County is at 28 cases of ... (click for more)

Opinion

Chaos Is The Enemy

What if there is a COVID-19 conspiracy? The internet, radio talk shows, and the national news networks talk conspiracy all night and all day from all angles. Pro Trump, anti Trump, 5G network, Chinese bio-lab accident or maybe not. Could be as advertised, a new virus (read flu) that is very strong because no one has ever had it before and there is no natural built up immunity. Like ... (click for more)

Roy Exum: Manny Sethi's Weekend

On Friday morning the phone rang at 1 a.m., calling Manny Sethi – who is in a race to become the next senator from Tennessee – to come to the hospital. Sethi, who is one of Nashville’s premier trauma surgeons, would then perform not one surgery, but nine more before he went back home about mid-morning on Monday. “I guess I was working about 80 hours a week in the operating room,” ... (click for more)