psps consultants joined the international team of the Tennessee Department of Economic and Community Developement (TNECD) in December 2016 as the business development office for the Benelux and UK. As the authorized investment representation, we support growing European companies who are looking to expand their U.S. business activities and invest in Tennessee.
Ideal Business Climate:
With a balanced budget, pro-active and efficient government and low union participation, Tennessee offers an ideal environment to locate and grow business.
Tennessee has the lowest state debt per capita in the nation and the second lowest total tax burden per capita, giving corporate decision-makers comfort that our favorable tax and regulatory environment will remain so on a continuous and extended basis.
Tennessee is a state well-known for craftsmanship and a strong work ethic.
#1 state for overall infrastructure and global access for the second consecutive year.
Tennessee is #2 in the Southeast for 7.0% Real GDP growth since 2011 and has experienced 14.8% private sector job growth since Governor Haslam assumed office.
Tennessee’s reputation for craftsmanship is unsurpassed. Centuries old businesses like Jack Daniel’s (hand-crafted whiskey) to the world-renowned Beretta to the most sophisticated research and development facilities in the world (ORNL, U.S. Air Force Arnold Engineering Development Complex, University of Tennessee) are located in Tennessee.
Tennessee has seen a 35.0% growth in its population ages 25-64 with a high school degree or higher in the last five years, and Tennessee ranks among the five fastest growing states in the nation in 4th and 8th grade mathematics scores on the 2015 National Assessment of Education (NAEP) test- “the nation’s report card.” Since 2015, Tennessee is the only state in the country that allows high school graduates to attend a community college or college of applied technology absolutely free of tuition and fees.
Tennessee has an administration well-versed in international business, ranking first in the nation for job commitments made by foreign-owned companies in 2013.