Wednesday, August 16, 2023

Marshall County, TN Ranks Top 10 in Tennessee for Economic Development


According to the latest data compiled by Infinite Sequence Economics, Marshall County ranks among the Top 5 of counties in Tennesssee for economic development measures over the five-year period 2016-2021 and ranks among the Top 10 counties in the state for the ten-year period 2011-2021. 

The data set was compiled going back as far as 1969 for each county in Tennessee for increases or decreases in the following economic development measures:

  • Population
  • Labor Force
  • Total Employment
  • Average Wages
  • Per Capita Income
  • Median Household Income
  • GDP

Using these data sets, a scoring or ranking system showed that over the ten-year period from 2011-2021 Marshall County ranked 8th overall out of 95 counties and for the five-year period from 2016-2021 Marshall County ranked 2nd. 

More recent indicators of a consistently strong economic development outlook for Marshall County is the continued growth in population (4.5% from April 2021 - April 2022) and 49.6% increase in business license applications from 2019 (226) - 2022 (338), according to a report from the Economic Innovation Group.