How is Tennessee’s economy doing? A lot of it is doing well when compared to the COVID-19 lows on many economic indicators such as employment, a new Sycamore Institute report shows.
But other items are troubling, such as there being 40% fewer small businesses in Tennessee as of late June data than there were before the pandemic. That’s considering that 99% of private sector workers in the state work for small businesses, defined as companies of 500 employees or less.
“There are a lot of things going on here,” said Brian Straessle, the Sycamore Institute’s Director of External Affairs. “There isn’t like one nice neat narrative of the economy right now.”
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