Tennessee is in a good fiscal position and its economy is expected to continue to grow in 2017, according to UT’s Boyd Center for Business and Economic Research Director Bill Fox and Associate Director Matt Murray, who spoke last week at the center’s first economic forecasting luncheon.
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UT’s Boyd Center for Business and Economic Research will host an economic forecasting luncheon September 8 to discuss what’s in store for Tennessee’s economy.
A crowd gathered Friday to dedicate the Boyd Center for Business and Economic Research within UT’s Haslam College of Business and to honor alumni and benefactors Randy and Jenny Boyd. The Randy and Jenny Boyd Distinguished Professorship was also created, and will be linked to the director of the Boyd Center going forward.
The Board of Trustees approved two proposals today to name a national research center and a new residence hall on the Knoxville campus.
Census data users across the state are invited to a free Data Users Conference hosted by UT on November 17. The seminar, sponsored by UT’s Tennessee State Data Center, will take place in Murfreesboro at the DoubleTree by Hilton Hotel, 1850 Old Fort Parkway.
The expansion of Volkswagen’s Chattanooga manufacturing facility to produce a new midsize sport utility vehicle could add about 9,800 jobs to the Tennessee economy, according to a UT study released today.
UT generates $1.6 billion in annual income for the state of Tennessee, creates nearly 33,000 jobs, and contributes more than $125 million in tax revenue to the state and local governments.
The Chattanooga Times Free Press recently featured Bill Fox in an article about jobless rates in the southeast, namely in Georgia and Tennessee. The two states added jobs at a faster pace than the rest of the country last year, but both states still ended 2014 with a higher unemployment rate than the US average, according to
A study from UT’s Center for Business and Economic Research says Governor Bill Haslam’s Insure Tennessee plan, which would expand Medicaid in Tennessee, would bring more than a billion dollars of new spending to the state. “The immediate purpose of Insure Tennessee is to provide health insurance to Tennesseans,” the study says. “At the same time, the injection of additional federal dollars will yield significant spillover benefits to the state economy.”
This holiday season is the last for Tennessee residents to buy items on Amazon without having to pay state and local sales taxes. Bill Fox, a UT economist and widely recognized expert on e-commerce’s impact on sales taxes, was featured in the Chattanooga Times Free Press where he said said the new tax law “doesn’t solve the broader issue of the inability to collect tax on remote commerce.”