If you have been thinking about starting your own construction company in Tennessee, your timing is excellent. Tennessee represents one of the premier states where construction opportunities abound.
Numerous people work in the Tennessee construction industry today in a wide range of occupations. Not only can workers earn an average annual salary of $54,000, as a company owner you can also expect your hard work and dedication to pay off. As you likely already know, most construction jobs do not require a college degree. Rather, workers’ skill and commitment to excellence can easily result in a pride-worthy and financially viable career.
When entering construction, it helps to be aware of key construction information that show why this industry is strong in this state:
- Between 2003 and 2014, the Tennessee construction industry injury rate fell by 26%, to less than six injuries per 100 workers
- Between 2008 and 2014, the Tennessee construction industry fatality rate fell by 6%, to approximately 11 fatalities per 100,000 workers
- Tennessee currently boasts more than 125,000 construction workers
The large construction industry labor pool in Tennessee includes thousands of people who immigrate to the state each year from other countries. Most Tennessee construction workers truly enjoy working in the respective trades they have chosen, making for a congenial work environment in which personal disputes among workers tend to stay at a minimum. The vast majority of workers see themselves as craftsmen, not merely laborers, and take great pride in the work they do.
Whether you set your goal as a company engaged in residential or commercial construction, you will find plenty of opportunities in Tennessee to show what you can do. As your company’s reputation for excellent work at reasonable prices grows, so too should your gross and net income. By setting up your business according to state laws and regulations, you can take advantage of this growing industry.