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.
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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.”
Overall enrollee satisfaction with the TennCare program is at its highest level, according to a UT report released today. Ninety-five percent of TennCare recipients surveyed expressed satisfaction with the care they received, the highest level since the program’s inception. This finding is included in “The Impact of TennCare: A Survey of Recipients 2013,” prepared by UT’s Center for Business and Economic Research.
The Washington Post highlighted the research of Bill Fox and the Center for Business and Economic Research that shows how a small-business exemption could undermine online sales tax legislation. The research suggests that a small-business safeguard could actually undermine some of the original intent of the legislation.
Bill Fox, director of the UT Center for Business and Economic Research, spoke with CardHub about sales tax holidays in states and whether they’re effective. Fox noted that the holidays tend to be more beneficial to businesses than to consumers. Businesses often see more traffic in their stores and may even raise their prices a
The term “fiscal cliff” is becoming part of our vocabulary. However, whether or not we go over it, East Tennessee could see an impact. Bill Fox, director of the Center for Business and Economic Research, gave five reasons why East Tennesseans should care about whether or not lawmakers cannot agree to help solve a $1.1
Tennessee has seen an 11.5 percent overall growth in population since 2000. The older population in the state also has increased 21.3 percent since then, outpacing the nation. These and other demographic trends can be examined through several free resources being offered to the media and interested residents by the State Data Center, based at UT.