New business filings in the 2nd quarter of 2026 were the second highest of any quarter in the 33-year history of the data, surpassed only by the first quarter of 2026. The new Quarterly Business and Economic Indicators report issued by Secretary of State Tre Hargett’s office also examines housing prices, noting that prices have stabilized in Tennessee since 2024 after rapid increases coming out of the pandemic.
“Business creation remains incredibly strong in Tennessee’s welcoming economic environment,” said Secretary Hargett. “Although every state has challenges to tackle, state leaders give Tennesseans an edge through lower taxes, light regulations, and responsible fiscal management that supports opportunity and investment.”
During the second quarter, 24,733 new entities filed in Tennessee, a 23.1% year-over-year increase. A high level of business filings typically leads to jobs, personal income, and state revenue growth. Over the last 12 months, there were 89,532 new entity filings.
Davidson and Knox counties saw the largest number of filings in the second quarter, followed by Shelby and Hamilton counties. These four most-populous counties accounted for 43.7% of new filings statewide and grew collectively by 24.4% year-over-year. Tennessee’s other 91 counties grew at a slightly slower but still robust 21% rate.
“The latest surge in new entity filings shows that Tennessee continues to be a fertile economic environment for new businesses,” said Dr. Don Bruce, Director of the Boyd Center for Business and Economic Research. “The addition of nearly 90,000 new businesses to the state economy over the past 12 months bodes well for employment, income, and tax revenue growth over the next several months.”
The report also includes a feature on housing prices in Tennessee. After rapid increases in the wake of the pandemic, prices stabilized beginning in 2024 but remain high. The report details several of the demand, supply, population, and interest rate factors impacting home prices. Construction of multi-family housing has helped ease price pressures, with construction permits nearly doubling in Tennessee between 2019 and 2021 and remaining elevated through 2024.
The report provides a snapshot of the state’s economy based on key indicators, including new business data from the Secretary of State’s Division of Business and Charitable Organizations. It is published through a partnership with the University of Tennessee Knoxville’s Boyd Center for Business and Economic Research and the Secretary of State.
To review the complete Q2 2026 Tennessee Quarterly Business and Economic Indicators report and past reports, visit sos.tn.gov
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