Nearly half of new Tennessee businesses don't make it to their fifth year, per the latest federal data.
By the numbers: The five-year survival rate for new businesses in the Volunteer State is 52%. That is roughly even with the national figure.
How it works: The latest available U.S. Bureau of Labor Statistics data tracks businesses that opened in the year ending March 2019 and remained open as of March 2024.
The latest: The state launched a program this year to help businesses prepare for one dangerous variable.
The Tennessee Emergency Management Agency's ReadyTN Business initiative helps companies assess risks and plan for disasters.