East Tennessee Economic Development Agency

Regional Advantages

County Profiles  

Regional Profile

Located within a day's drive of 70% of the U.S. population, with a pro-business environment, a talented workforce, a diverse economy and a climate of mild seasons and natural beauty, the Knoxville-Oak Ridge region of East Tennessee is the perfect location - for business and for quality of life.

Location

  • 15-county area in Knoxville region
  • Junction of I-40, I-75 and I-81
  • A major regional airport with more than 140 flights daily with 22 non-stop destinations

PopulationEastern US

  • Population of over 1 million
  • Workforce of over 550,000
  • Over 55,000 college and university students

Population Breakdown By Age

>19                  273,708
20-24                 72,980
25-44               297,802
45-64               302,601
65-74                 94,405
75+                    75,613
Source: US Census, Decision Data 2009

Education

  • University of Tennessee main campus
  • 8 four-year liberal arts colleges
  • 4 two-year community colleges
  • 4 technical institutions
  • 6 technology training centers
  • Numerous vocational and specialty schools
  • 2 top-rated secondary school systems

Nonagricultural Employment  
Trade, Transportation & Utilities 19%
Government 16%
Leisure & Hospitality 13%
Manufacturing  11%
Professional & Business Services 12%
Education & Health Services 12%
Financial Activities 6%
Natural Resources, Mining & Construction 5%
Other Services 4%
Information 1%
Source: Tennessee Department of labor and Workforce Development 3rd Q 2009  

Technology

  • 50,000 technical professionals
  • Over 10,000 students concentrating in mathematics, science or engineering
  • Affordable, state-of-the-art, high-bandwidth infrastructure

Research

Lifestyle

  • Cost of living 10% below the national average
  • Housing costs 21% below the national average
  • Healthcare costs 10% below the national average
  • 4 distinct seasons
    Source: ACCRA 3Q 2009

Moderate Climate

Annual average temperature: 58 degrees
Average high: January 49 degrees, July 86 degrees
Average low temperature: January 28 degrees, July 69 degrees

Recreation

  • Great Smoky Mountains National Park, Nation's most-visited park
  • Seven TVA lakes
  • Big South Fork Wilderness Area
  • Collegiate football and basketball
  • AA Chicago Cubs affiliate baseball team
  • Professional ice hockey team
  • 2 symphonies, 3 ballet companies, an opera company and a fine arts museum
  • Nationally recognized zoo

 

Knoxville Oak Ridge Innovation Valley

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