| Hopefully, economic improvement will affect Carroll County moreThe state’s economy is growing, according to statistics from Tennessee Secretary of State Tre Hargett.I think the majority of it is in the bigger cities and not as much in the rural areas.However, it’s a good thing wherever it is in Tennessee. Rural areas do have offerings that are sometimes overlooked.|
New business filings increased 8.2 percent in the third quarter of 2019 compared to the previous year.According to Hargett’s report, the state economy continues to see steady gains. The manufacturing sector saw job growth of 1.8 percent or 6,200 jobs compared to September 2018. The state’s unemployment rate is slightly below its national counterparts. The report shows unemployment fell to 3.4 in September, a 0.1 percentage point drop compared to the already low 3.5 percent rate from the month prior. Among the four largest Tennessee counties, there were 6,856 new business entity filings recorded during the third quarter of 2019, representing a robust 12.7 percent increase over the same quarter last year. These four counties accounted for 59.2 percent of all new entity filings in the state. Davidson County recorded the largest number with 2,683, followed by Shelby with 2,440.Statewide, new filings of domestic limited liability corporations (LLCs) saw the strongest growth in the third quarter of 2019, expanding 11.2 percent over the third quarter of 2018.
The state also recorded 19,336 annual report filings by existing businesses in Tennessee in the third quarter of 2019 – an 18.3 decline compared to the same quarter last year.
As the economy improves, surely more businesses and industries will look at rural Tennessee, and hopefully Carroll County.