New business filings in the third quarter of 2022 were the highest for a third quarter in the 24-year history of the data being collected, according to the new Quarterly Business and Economic Indicators report issued by Tennessee Secretary of State Tre Hargett’s office.
The 1.1% year-over-year growth in new business filings from the third quarter of 2021 shows that businesses continue to establish in Tennessee at a record pace. During the third quarter of 2022, 18,752 new entities filed in Tennessee. Over the past year, 76,941 new businesses filed and employment rose by 140,200 jobs. State unemployment remained low at 3.4%, below the national rate of 3.5%.