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| TennesseeXL » Economy of Tennessee » Tennessee Industries |
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Tennessee Industries |
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One will be shocked to know that only one percent of Tennessee's population was engaged in Tennessee industries before the American Civil war. And at that time, iron, cotton, flower mills and lumber were the most prominent manufacturing industries of Tennessee. It was in 20th century when Tennessee came to be known as a flourishing industrial economy. And, by 1981, Tennessee got recognized as the third largest industrial state among the southeastern states and 15th among all the US states. Most of the Tennessee industrial workers are engaged in the manufacturing jobs in Nashville, Chattanooga, Memphis and Knoxville.
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You will be delighted to know that the earnings of industrial workers of Tennessee increased from $93.3 billion in 1997 to $98.6 billion in 1998. An income increase of about 5.7% within an year deserve appreciation. And this, implies the tremendous and steady growth of Tennessee industries. From 1987 to 1992, 366 manufacturing companies chalked out plans for the expansion of plant facilities and 54 commercial machinery manufacturers invested for new plant locations. Tennessee is the fourth largest auto producer state of the United states of America.
In the past Tennessee had always been identified as an agro based economy but recently, one would notice a tremendous growth in Tennessee industries though the states is till not willing to com out of its agricultural heritage. Tennessee is now very much into electronics, automobiles and chemical manufacturing industries from 20th century onwards. A significant change in the the economy of Tennessee can be witnessed after the American Civil war. The leaders started chalking out economic plans for the economic reconciliation with the north and it is at this time Tennessee realized that the growth of Tennessee industries is necessary for the overall growth of the economy of the state. For steady growth in the industrial sector, Tennessee offers lots of extensive package of incentives to the investors like sales tax exemptions, job tax credits etc and these are surely effective industrial promotion programs.
To know about the economy of Tennessee, log on to tennesseexl.com.
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