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Farragut ‘Most Business Friendly’ again


Farragut Mayor Ralph McGill, left, accepts a plaque commemorating Farragut’s receipt of the Beacon Center’s Most Business-Friendly City award from Justin Owen, Beacon Center president, during a press conference Monday, Dec. 5, at Town Hall.- Heather Mays Beck/farragutpress
Farragut Mayor Ralph McGill accepted an award as the Beacon Center’s “Most Business-Friendly City in Tennessee” for 2011 Monday afternoon, Dec. 5.

“Just to be named on the same list as some of these great cities and towns in Tennessee is an honor. And we appreciate that. To be at the top of the list is overwhelming,” McGill told representatives from Beacon Center Monday.

Farragut is the first city to receive the award twice, having first received the title in Beacon Center’s inaugural rankings in 2006. Farragut also received a second place finish last year.

The study, titled “How Business-Friendly are Tennessee’s Cities,” scores the state’s 50-most populous cities in three categories: economic vitality, business tax burden and community allure.

Beacon Center President Justin Owen told Town staff and elected officials, “In our first rankings in 2006, Farragut was actually the first Business-Friendly City. And here we are [five] years later, to award them as Tennessee’s Most Business-Friendly City and the first city to win this award twice.


“Farragut does not impose property taxes, has a very friendly and inviting tax policy, has generated job growth and population growth over the last year, has a strong education system and low crime rate.

“Altogether, it has the most business friendly climate in the state of Tennessee,” he added.

McGill told Owen, “We will cherish this.”

Farragut has consistently ranked toward the top in the Beacon Center’s ratings due to its lack of property tax, low crime rate and strong job growth.

Town Administrator David Smoak said, “The Board of Mayor and Aldermen has been committed to no property tax or business tax in the town of Farragut, which offers a great environment for businesses to thrive and succeed.”

“We’re honored to be named the Most Business-Friendly City in Tennessee, and we look forward to the continued growth of our economy in the future,” he added.

The top five ranked cities also include Brentwood, Franklin, Mt. Juliet and Spring Hill.

Beacon Center of Tennessee is an independent, nonprofit and nonpartisan research organization. For more information or to see the full report, visit www.beacontn.org/



 

 

 

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