Brookings takes a look at America’s advanced industry sector; Tennessee tops all states

BrookingsThe latest report from the Brookings Institution is incredibly good news for Tennessee.

As noted in this announcement, the Volunteer State ranks No. 1 among U.S. states for advanced industry job growth since 2013. The report shows the impact this sector has on our state’s economy – 249,617 full-time workers or 8.3 percent of all direct jobs and an additional 199,690 indirect jobs in other industries across the state. In addition, advanced industries in Tennessee produced $39.7 billion in output last year, accounting for 14.3 percent of the state’s economic output.

The Brookings report takes a look at the changing momentum and geography of America’s advanced industry sector. Click here to read the report and here to access the news release. Midway down the first link on the right is a pull down menu where you can select any MSA. On the left is a link to download the report.

Tom Ballard

By Tom Ballard, Chief Alliance Officer,
Pershing Yoakley & Associates. P.C.

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