Posted 3/15/23

Tennessee has a record number of companies registered in the state, according to the new Quarterly Business and Economic Indicators report issued by the Secretary of State’s Office.

The approximately 486,000 business entities operating in the Volunteer State represent an astounding 37.5% annual increase.

Tennessee also saw the second largest number of new entity filings for a fourth quarter in the 25-year history of data being collected.

The largest number of filings in the fourth quarter were in Davidson County, Shelby, Knox and Hamilton counties. Together.

In Tennessee’s other 91 counties, filings fell 10.3% from the incredibly strong Q4 2021 when filings in those counties grew an astonishing 72.7%.