A CNBC report ranks Tennessee’s transportation system as one of the best in the nation for the third year in a row. According to CNBC’s 2012 study “America’s Top States for Business,” the state ranks fourth best in America in the category of “Transportation and Infrastructure,” and is the only state topping the list that has no transportation debt.
Many states across the nation carry transportation debt, and must allocate a large portion of their funds to interest payments.
“This is significant as we are the only top-ranked state without any transportation debt,” said the Tennessee Department of Transportation (TDOT) Commissioner. “The next state on the list without debt was ranked 19th. Tennessee is a ‘pay as you go’ state and TDOT will continue to do our part in upholding Governor Haslam’s vision of running an effective and efficient government.”
The CNBC report scored all 50 states on 40 measures of competitiveness, including the vitality of each state’s transportation system. Tennessee also ranked well in the categories of business friendliness and cost of living. This is the sixth year the news network has performed the study.
