Data from the Tennessee Secretary of State’s Office shows that new business filings in Tennessee for the second quarter of 2023 were the highest in the state’s history.
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Data from the Tennessee Secretary of State’s Office shows that new business filings in Tennessee for the first quarter of 2023 were the highest in the state’s history.
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Data from the Tennesse Secretary of State’s Office shows that new business filings in Tennessee for the fourth quarter of 2022 were the second highest in the state’s history.
In the fourth quarter of 2022, 16,780 new entities were filed in the state, bringing the total number of business entities operating in the Volunteer State to 485,995, according to the Tennessee Quarterly Business and Economic Indicators report.
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A new Quarterly Business and Economic Indicators report issued by the Tennessee Secretary of State’s Office revealed that new business filings in the third quarter of 2022 were the highest for a third quarter in the 24-year history of the data being collected.
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Tennessee’s collection of taxes and fees are expected to continue to rise over the next two years, but the rate of increase won’t match its recent record-breaking pace, according to estimates from the University of Tennessee’s Boyd Center for Business and Economic Research.
The numbers were presented as part of a series of financial presentations given to Tennessee’s State Funding Board as it prepares to give its estimates for the state’s finances for next fiscal year. Those estimates are then used in the state’s budget-making process.
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