TN Economic Indicators Report Shows Signs of Economic Recovery

Black Local and National News

by BA 88 Views

NASHVILLE, Tenn. – Even though economic activity is still below pre-pandemic peak levels, a report from Secretary of State Tre Hargett’s office shows signs of economic recovery.The Tennessee Quarterly Business and Economic Indicators report for the third quarter of 2020 showed 16,470 new entity filings, representing a strong 42.2 percent increase over the same quarter in 2019. Initial filings have now seen positive year-over-year growth for 35 consecutive quarters.“The pandemic made a significant impact on our economy, but Tennessee’s entrepreneurial spirit and business-friendly environment has seen some Tennesseans start their own businesses,” said Secretary Hargett. (AP Photo/Mark Humphrey)