Tennessee State Seal
What Tennessee Business Filings Can Tell You About the State's Economy
(Published: May 22, 2014)

The Tennessee Secretary of State's office introduced a new resource today for people who follow the state's economic indicators.

That resource is a quarterly report that will be produced jointly by the office and the Center for Business and Economic Research at the University of Tennessee-Knoxville. The report will demonstrate how business filings received by the Secretary of State's office track with key economic indicators.

For example, the center found there is a correlation between new business filings and economic factors such as job growth and employment figures.

"We have a lot of data on file about business activity in Tennessee, and I hope this information, which had previously not been analyzed, will provide value for policymakers and business leaders, ” Secretary of State Tre Hargett said.

"Growth in the number of start-up businesses in the first quarter signals continued improvement in the economy over the spring and summer," said Dr. William Fox, director of the Center for Business and Economic Research. "We've seen initial evidence of this in employment numbers for April."

The reports will provide updates on new business filings for nonprofit and for-profit corporations and limited liability companies as well as dissolutions of those types of businesses. The report will also have information about trademark registrations and assumed name registrations.

That data will be compared to state tax revenues collected, employment rates, and other statistics such as housing starts, light vehicle sales and changes to the stock market and consumer price index.

To view the report online, go to:

http://tn.gov/sos/be_reports/201405.pdf