Editing Knoxville, Tennessee (section)

==Economy==
{{Update|date=November 2023}}
In 2011, 15.9% of the Knoxville MSA work force was employed by government entities, while 14.1% were employed in the professional service sector, 14% worked in education or health care, 12.7% were employed in the retail sector, 10.5% worked in leisure and hospitality, and 8.9% worked in the manufacturing sector.<ref name="mpcfacts">Knoxville-Knox County Metropolitan Planning Commission, [http://archive.knoxmpc.org/locldata/facfig11.pdf Facts & Figures 2011] {{Webarchive|url=https://web.archive.org/web/20120511110613/http://archive.knoxmpc.org/locldata/facfig11.pdf|date=May 11, 2012}}. Retrieved: January 14, 2012.</ref> The region had an unemployment rate of 7.9% in 2011.<ref name="mpcfacts"/> In the 2010 [[ACCRA Cost of Living Index]] was rated 89.6 (the national average was 100).<ref name="mpcfacts"/> In 2007, there were over 19,000 registered businesses in Knoxville.<ref name="quickfacts"/> The city's businesses are served by the 2,100-member Knoxville Area Chamber Partnership.<ref name="mpcfacts"/> The Knoxville Chamber is one of six partners in the Knoxville-Oak Ridge Innovation Valley, which promotes economic development in Knox and surrounding counties.<ref>[http://www.innovationvalleyinc.com/about-us Innovation Valley Inc.—About Us] {{Webarchive|url=https://web.archive.org/web/20120608230508/http://www.innovationvalleyinc.com/about-us |date=June 8, 2012 }}. Retrieved: January 13, 2012.</ref>

===Major corporations===
The TVA, the nation's largest public power provider,<ref>[http://www.tva.com/abouttva/keyfacts.htm Frequently Asked Questions About TVA] {{Webarchive|url=https://web.archive.org/web/20120113223814/http://www.tva.com/abouttva/keyfacts.htm |date=January 13, 2012 }}, TVA website. Retrieved: January 14, 2012.</ref> reported $10.5{{spaces}}billion in revenue in 2021<ref>TVA, [https://tva.q4ir.com/financial-information/financial-statements/default.aspx Financial Statements] {{Webarchive|url=https://web.archive.org/web/20220706191205/https://tva.q4ir.com/financial-information/financial-statements/default.aspx|date=July 6, 2022 }}</ref> and employs over 12,000 region-wide.<ref>"[http://www.timesfreepress.com/news/2010/feb/20/perfect-storm-swamped-tva-retirement-plan/ Perfect Storm Swamped TVA Retirement Plan] {{Webarchive|url=https://web.archive.org/web/20130511124015/http://www.timesfreepress.com/news/2010/feb/20/perfect-storm-swamped-tva-retirement-plan/ |date=May 11, 2013 }}", ''Chattanooga Times Free Press'', February 20, 2010. Retrieved: January 14, 2012.</ref> The largest company based in Knoxville is privately held [[Pilot Flying J]], the nation's largest truck stop chain and sixth-largest private company, which reported over $29.23{{spaces}}billion in revenue in 2012.<ref>[https://www.forbes.com/companies/pilot-flying-j America's Largest Private Companies—#6 Pilot Flying J] {{Webarchive|url=https://web.archive.org/web/20170909165147/https://www.forbes.com/companies/pilot-flying-j/ |date=September 9, 2017 }}, ''Forbes.com'', 2013. Retrieved: October 10, 2013.</ref> Knoxville is home to the nation's fourth-largest wholesale grocer, the [[H. T. Hackney Company]], which reported $3.8{{spaces}}billion (~${{Format price|{{Inflation|index=US-GDP|value=3800000000|start_year=2013}}}} in {{Inflation/year|US-GDP}}) in revenue in 2012,<ref>[https://www.forbes.com/companies/ht-hackney/ America's Largest Private Companies—#103 HT Hackney] {{Webarchive|url=https://web.archive.org/web/20170729204843/https://www.forbes.com/companies/ht-hackney/ |date=July 29, 2017 }}, ''Forbes.com'', 2012. Retrieved: October 10, 2013.</ref> and one of the nation's largest digital-centric advertising firms, [[Tombras Group]], which reported $80{{spaces}}million in revenue in 2011.<ref>[http://knoxvillebookoflists.com/?djoPage=view_html&djoPid=11949 Knoxville-Area Advertising Firms and Marketing Firms] {{Webarchive|url=https://web.archive.org/web/20120214120926/http://www.knoxvillebookoflists.com/?djoPage=view_html&djoPid=11949 |date=February 14, 2012 }}, Knoxville Book of Lists (''Knoxville News Sentinel''), 2012. Retrieved: January 14, 2012.</ref><ref>Laura Bower [http://www.tombras.com/news/article/Tombras-Creates-New-Impaired-Driving-Campaign Tombras Creates New Nationwide Impaired Driving Campaign for U.S. Department of Transportation: Drive Sober or Get Pulled Over] {{webarchive|url=https://web.archive.org/web/20111224173914/http://www.tombras.com/news/article/Tombras-Creates-New-Impaired-Driving-Campaign |date=December 24, 2011 }}. August 30, 2011.</ref>

Other notable privately held companies based in the city include [[Bush Brothers and Company|Bush Brothers]], [[Sea Ray]] (and its parent company [[Brunswick Boat Group]]), [[Thermocopy]], [[Petro's Chili & Chips]], [[EdFinancial Services|EdFinancial]], [[Kurgo]], [[21st Mortgage]] and [[AC Entertainment]]. Also based in Knoxville are movie theater chain [[Regal Cinemas]],<ref name=bolpublic>[http://knoxvillebookoflists.com/?djoPage=view_html&djoPid=16865 Knoxville-Area Public Companies Ranked According to Revenue] {{Webarchive|url=https://web.archive.org/web/20120205183109/http://www.knoxvillebookoflists.com/?djoPage=view_html&djoPid=16865 |date=February 5, 2012 }}, Knoxville Book of Lists (''Knoxville News Sentinel''), 2012. Retrieved: January 14, 2012.</ref><ref>"[http://www.knoxnews.com/news/2009/apr/21/eight-tennessee-companies-2009-fortune-500-list/ Eight Tennessee Companies on Fortune 500 List] {{Webarchive|url=https://web.archive.org/web/20120711072857/http://www.knoxnews.com/news/2009/apr/21/eight-tennessee-companies-2009-fortune-500-list/ |date=July 11, 2012 }}, ''Knoxville News Sentinel'', April 21, 2009.</ref> and health care-staffing firm [[TeamHealth]].<ref name=bolpublic/>

===Real estate===
The Knoxville area is home to 596 office buildings which contain over 21{{spaces}}million square feet of office space.<ref name="mpcfacts"/> The city's largest office building in terms of office space is the [[Knoxville City-County Building|City-County Building]], which has over 537,000 square feet of office space. The First Tennessee Plaza and the [[Riverview Tower]] were the largest privately owned office buildings, with 469,672 square feet and 367,000 square feet, respectively.<ref>[http://knoxvillebookoflists.com/?djoPage=view_html&djoPid=15930 Knox County Office Buildings Ranked According to Gross Square Footage] {{Webarchive|url=https://web.archive.org/web/20120406120901/http://www.knoxvillebookoflists.com/?djoPage=view_html&djoPid=15930 |date=April 6, 2012 }}, Knoxville Book of Lists (''Knoxville News Sentinel''), 2012. Retrieved: January 13, 2012.</ref> Knoxville's largest industrial park is the {{convert|1460|acre|adj=on}} Forks of the River Industrial Park in southeastern Knoxville.<ref>[http://knoxvillebookoflists.com/?djoPage=view_html&djoPid=19913 Knox County Industrial Parks Ranked According to Size] {{Webarchive|url=https://web.archive.org/web/20120214120414/http://www.knoxvillebookoflists.com/?djoPage=view_html&djoPid=19913 |date=February 14, 2012 }}, Knoxville Book of Lists (''Knoxville News Sentinel''), 2012. Retrieved: January 11, 2012.</ref> Other major industrial and business parks include the {{convert|800|acre|adj=on}} EastBridge Industrial Park and Midway Business Park in eastern Knox County and the {{convert|271|acre|adj=on}} WestBridge Industrial Park in western Knox County.

===Finance===
The largest bank operating in Knoxville in terms of local deposits is Memphis-based [[First Horizon Bank]], with $2.6{{spaces}}billion (~${{Format price|{{Inflation|index=US-GDP|value=2600000000|start_year=2012}}}} in {{Inflation/year|US-GDP}}) in local deposits, representing about 16% of Knoxville's banking market.<ref name=bookoflistsbanks/> It is followed by Charlotte-based [[Truist Financial]] ($2.5{{spaces}}billion), Birmingham-based [[Regions Financial Corporation|Regions Bank]] ($1.9{{spaces}}billion), and locally headquartered Home Federal Bank of Tennessee ($1.6{{spaces}}billion).<ref name=bookoflistsbanks>[http://knoxvillebookoflists.com/?djoPage=view_html&djoPid=15116 Knoxville Area Banks Ranked According to Local Deposits] {{Webarchive|url=https://web.archive.org/web/20120406121948/http://www.knoxvillebookoflists.com/?djoPage=view_html&djoPid=15116 |date=April 6, 2012 }}, Knoxville Book of Lists (''Knoxville News Sentinel''), 2012. Retrieved: January 11, 2012.</ref> Other banks with significant operations in the city include [[Bank of America]], First Bank (based in [[Lexington, Tennessee]]), and locally owned Clayton Bank and Trust. Major brokerage firms with offices in Knoxville include [[Edward Jones Investments|Edward Jones]], [[Morgan Stanley Smith Barney]], [[Wells Fargo]], and [[Merrill Lynch]].<ref>[http://knoxvillebookoflists.com/?djoPage=view_html&djoPid=14871 Knoxville-Area Investment Brokerage Firms] {{Webarchive|url=https://web.archive.org/web/20120324123334/http://www.knoxvillebookoflists.com/?djoPage=view_html&djoPid=14871 |date=March 24, 2012 }}, Knoxville Book of Lists (''Knoxville News Sentinel''), 2012. Retrieved: January 11, 2012.</ref> As of 2011, Knox County's largest mortgage lender (by dollar volume) was Wells Fargo with over $300{{spaces}}million (13% of the local market), followed by Mortgage Investors Group, SunTrust, Regions, and Home Federal.<ref>[http://knoxvillebookoflists.com/?djoPage=view_html&djoPid=15909 Knox County Mortgage Lenders Ranked According to Dollar Volume] {{Webarchive|url=https://web.archive.org/web/20120324123014/http://www.knoxvillebookoflists.com/?djoPage=view_html&djoPid=15909 |date=March 24, 2012 }}, Knoxville Book of Lists (''Knoxville News Sentinel''), 2012. Retrieved: January 11, 2012.</ref> Knoxville's largest accounting firm as of 2012 is Pershing Yoakley & Associates, with 49 local [[Certified Public Accountant|CPAs]], followed by Coulter & Justus (44), and Pugh CPA's(43).<ref>[http://knoxvillebookoflists.com/?djoPage=view_html&djoPid=9481 Knoxville-Area CPA Firms Ranked According to Number of Licensed CPAs] {{Webarchive|url=https://web.archive.org/web/20120324122225/http://www.knoxvillebookoflists.com/?djoPage=view_html&djoPid=9481 |date=March 24, 2012 }}, Knoxville Book of Lists (''Knoxville News Sentinel''), 2013. Retrieved: July 26, 2013.</ref>

===Manufacturing===
Over 700 manufacturing establishments are scattered throughout the Knoxville area.<ref name=mpcfacts/> Sea Ray Boats is the city's largest manufacturer, employing 760 at its southeast Knoxville complex in 2009.<ref name=kcmanufacturers>Knoxville-Oak Ridge Innovation Valley, [www.knoxvillechamber.com/pdf/demographics/MajorManufacturers.doc Top 50 Major Manufacturers in the Knoxville Area—2009]. Retrieved: January 14, 2012.</ref> The city is home to several automobile parts operations, including ARC Automotive (air bag actuators) and a Key Safety Systems plant (seat belts and other restraints).<ref name=kcmanufacturers/> Other major manufacturing operations include a Melaleaca plant (personal care products), a [[Coca-Cola]] bottling plant, and a [[Gerdau|Gerdau Ameristeel]] plant that produces steel rebar. Aircraft manufacturer [[Cirrus Aircraft|Cirrus]] also has its main customer delivery center based in Knoxville, which deals with aircraft maintenance & repair, flight training, and design personalization. Major manufacturing operations in the Knoxville MSA are conducted at the Y-12 plant in Oak Ridge, the DENSO plant and the Clayton Homes manufacturing center (both in Maryville), and the ALCOA plants in Alcoa.<ref>[http://knoxvillebookoflists.com/?djoPage=view_html&djoPid=15920 Knoxville-Area Major Manufacturers] {{Webarchive|url=https://web.archive.org/web/20120324123248/http://www.knoxvillebookoflists.com/?djoPage=view_html&djoPid=15920 |date=March 24, 2012 }}, Knoxville Book of Lists (''Knoxville News Sentinel''), 2012. Retrieved: January 14, 2012.</ref>

===Retail===
The Knoxville area is home to 182 shopping centers and factory outlets, and over 2,400 retail establishments.<ref name=mpcfacts/> One regional mall ([[West Town Mall]]) is located within the city, and two others ([[Foothills Mall (Tennessee)|Foothills Mall]] in Maryville and [[Oak Ridge City Center]] in Oak Ridge) are located within the Knoxville MSA. Knoxville retailers reported $6.47{{spaces}}billion in sales in 2007, with just over $35,000 of retail sales per capita.<ref name=quickfacts/>

Knoxville's primary retail corridor is located along Kingston Pike in West Knoxville. This area is home to West Town Mall, the 358-acre [[Turkey Creek (Tennessee)|Turkey Creek complex]] (half is in Knoxville and half is [[Farragut, Tennessee|Farragut]]), and over 30 shopping centers.<ref>Knoxville-Knox County Metropolitan Planning Commission, [http://archive.knoxmpc.org/plans/westcity/backland.htm West City Sector Plan—Land Use and Development] {{Webarchive|url=https://web.archive.org/web/20120306001446/http://archive.knoxmpc.org/plans/westcity/backland.htm |date=March 6, 2012 }}, August 9, 2007. Retrieved: December 1, 2010.</ref> Downtown Knoxville contains a number of specialty shops, clubs, and dining areas, mostly concentrated in the Old City, Market Square, and along Gay Street. Other significant retail areas are located along Cumberland Avenue on the U.T. campus (mostly restaurants), Broadway in the vicinity of Fountain City, and Chapman Highway in South Knoxville.

===Technology and research===
The [[University of Tennessee]] is classified by the Carnegie Commission as a university with "very high research activity", conducting more than $300{{spaces}}million in externally funded research annually.<ref name=battelle>[http://ut-battelle.org/about.shtml About UT-Battelle] {{Webarchive|url=https://web.archive.org/web/20120118022248/http://ut-battelle.org/about.shtml |date=January 18, 2012 }}. Retrieved: January 14, 2012.</ref> U.T.-connected research centers with multimillion-dollar [[National Science Foundation]] grants include the Appalachian Collaborative Center for Learning, Assessment and Instruction in Mathematics, the [[National Institute for Computational Sciences]], the [[National Institute for Mathematical and Biological Synthesis]], and the Center for Ultra-wide-area Resilient Electric Energy Transmission Networks (CURENT).<ref>[http://knoxvillebookoflists.com/?djoPage=view_html&djoPid=9484 Knoxville-Area National Science Foundation Grants] {{Webarchive|url=https://web.archive.org/web/20120324122450/http://www.knoxvillebookoflists.com/?djoPage=view_html&djoPid=9484 |date=March 24, 2012 }}, Knoxville Book of Lists (''Knoxville News Sentinel''), 2012. Retrieved: January 14, 2012.</ref><ref>{{cite web|url=http://curent.utk.edu/|title=CURENT|access-date=April 18, 2016|archive-url=https://web.archive.org/web/20120216232552/http://curent.utk.edu/|archive-date=February 16, 2012|url-status=live}}</ref> U.T. and the nearby [[Oak Ridge National Laboratory]] jointly conduct numerous research projects and co-manage the [[National Transportation Research Center]].<ref name=battelle/>

The Tennessee Technology Corridor stretches across {{cvt|7000|acre}} between West Knoxville and Oak Ridge. The Corridor is home to 13 [[research and development]] firms employing nearly 2,000.<ref>Tennessee Technology Corridor Development Authority, [http://archive.knoxmpc.org/ttcda/08compplan.pdf Comprehensive Development Plan—2008 Update] {{Webarchive|url=https://web.archive.org/web/20120511105954/http://archive.knoxmpc.org/ttcda/08compplan.pdf |date=May 11, 2012 }}. Retrieved: January 14, 2012.</ref>