Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

Startup Business Activity on Decline in Tennessee and Locally

A new report by Roofstock looking at the U.S. metropolitan areas with the most startup business activity. Startup businesses spur economic growth in the form of innovation and efficiency across U.S. markets and were responsible for 2.2 million new jobs in 2018. Unfortunately, entrepreneurship has experienced a general decline for decades, and the ripple effects of COVID-19 figure to stifle startup business activity even further. Researchers ranked metropolitan areas according to each location’s startup formation rate and included the percentage of all new jobs that startups account for annually.

The startup formation rate in the Tullahoma-Manchester metro—defined as the number of new firms in a given year divided by the total number of firms—is 4.79%, compared to the national average of 8.13%. New startup businesses in the Tullahoma-Manchester metro account for 9.93% of new jobs created per year.

The startup formation rate in Tennessee—defined as the number of new firms in a given year divided by the total number of firms—is 7.24%, compared to the national average of 8.13%. New startup businesses in Tennessee account for 12.78% of new jobs created per year. Out of all U.S. states, Tennessee has the 20th most startups.

Lucky Knott

Lucky Knott

One of Southern Tennessee's most experienced and recognized news broadcasters and play-by-play sportscasters. Current news director for On Target News and manager of Rooster 101.5 FM. Knott can be heard on 93.9 The Duck, The Rooster 101.5 and Whiskey Country 105.1 and 95.9. He is currently the play by play voice of the Coffee County Red Raiders on The Rooster 101.5. Lucky has done play-by-play for 3,500 sports events on Radio & TV. He also served 4 years as the Public Information Officer for the Coffee Co. Sheriff's Dept. and taught Radio/TV for 6 years at Grundy County High School.

Related Posts

Scroll to Top
X