Secretary of State quarterly report reveals signs of economic growth in Tennessee

Economic IndicatorsAssociated Press

A new state report reveals signs of economic growth in Tennessee.

More new businesses filed paperwork to register with the Secretary of State's office during the third quarter of this year, compared with the previous quarter.

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That's according to the office's latest quarterly report on business and economic indicators.

The report was produced jointly by the Secretary of State's office and the University of Tennessee-Knoxville's Center for Business and Economic Research.

Statewide, there were more than 7,800 business entity initial filings with the office during the third quarter of this year, an increase of 4 percent over last quarter.

The report also showed a 4.1 percent increase in Tennesseans' personal income for the year-to-date and a 4.7 percent increase in total tax revenue collections for the quarter.