The number of new entity filings coupled with a historically low unemployment rate indicates Tennessee has a healthy economy, according to a report released by the Secretary of State's office. There were 9,524 new entity filings in the second quarter of 2017, representing a 6.8 percent increase compared to the same time last year. Initial filings have had positive year-over-year growth for 23 consecutive quarters. As of July 1, there were 267,143 active entities in Tennessee, representing a 3 percent increase compared to the first quarter of the year.
Tennessee’s economy continues to grow with a robust start to 2017, according to a report released by the Secretary of State's office. There were 10,372 new entity filings in the first quarter of 2017, which represents an 8.7 percent increase over the same time last year. This marks the 22nd consecutive quarter of positive year-over-year growth. As of April 1, there were 259,282 active entities in Tennessee, representing a 5.2 percent increase compared to the first quarter of 2016.
A recent 320-count indictment and the arrests of 10 people from a joint investigation by the Tennessee Bureau of Investigation and the Knoxville Division of the Federal Bureau of Investigation highlight an ongoing problem. People are filing fraudulent liens with the Division of Business Services, which can ruin the lives of public officials.