Photo Galleries
2015 Mustang's asphalt-peeling power goes modern The new Ford Mustang has been upgraded and updated to compete globally - but never fear, it's still a monster. More
15 top executives with $1 salaries Some CEOs and founders agree to salaries of just $1 a year. But once goodies like bonuses and stock options are added in, some of those executives end up taking home many millions of dollars a year. More
Mercedes SL65 AMG: 621 horses of topless power Turn heads as you blow by traffic in this roadster convertible from Mercedes. More
Special Offer
7 of 7
BACK NEXT
Tennessee
Tennessee
Taxes: No personal income tax on wages and salaries, but taxes on dividends and interest, plus corporate excise tax on net earnings
Best Places to Live and Launch: Nashville (No. 79)

Tennessee has a robust manufacturing sector, producing automobiles, chemicals, machinery, and rubber and plastics. To facilitate growth, the state offers various sales tax exemptions and tax credits to new businesses, plus job training programs to develop a skilled workforce. The state also has the lowest utility costs in the nation, but one of the highest sales taxes.

In addition to being the nation's country music capital, Nashville is home to many major corporations such as Nissan North America and Bridgestone, which have headquarters and manufacturing plants in the city. The NFL's Tennessee Titans make their home in Nashville, as does the Grand Ole Opry. While Nashville and Tennessee's other big city, Memphis, offer metropolitan conveniences such as nearby airports, performing arts venues and nightlife, their cost of living is much lower than those of similar major cities around the country.

More galleries

Last updated March 27 2008: 10:09 AM ET
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.