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.
Center for Business and Economic Research News
Economic growth will accelerate in the second quarter thanks to lower energy prices, according to the spring 2015 Tennessee Business and Economic Outlook released by UT 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.
Economic impact report highlights break down the $1.6 billion impact the university has on the state.
The Daily News Journal highlighted a recent UT report that shows the state’s economy is growing. More than 7,000 new businesses were formed in Tennessee during the final quarter of last year, according to a new economic report released this week by the Tennessee Secretary of State. The report was produced by the Center for Business and Economic
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
Lower unemployment rates, falling gas prices, and increased consumer confidence position the national and Tennessee economies for continued recovery and strong growth in 2015 and beyond.
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.”
A recent study on TennCare from the Center for Business and Economic Research shows that the percentage of uninsured Tennesseans is at its lowest rate in a decade. The report shows that 7.2 percent of Tennessee’s 6.5 million residents are uninsured, a 25 percent decrease from last year. The report also shows that 2.4 percent
The percentage of uninsured Tennesseans is at its lowest rate in a decade, according to a UT report released today.