Tennessee Gov. Bill Lee touted the state’s numerous economic achievements in his final annual Governor’s Address hosted by the Nashville Area Chamber of Commerce, as he prepares to retire next year.

On stage at The Pinnacle March 10, Lee praised his administration’s work over the past seven years to lower poverty rates and expand industrial and economic diversity in the state.

But he pointed out that he has a lot to look forward to after leaving public office, namely his large family.

“It’s the best part of my life,” he said, chuckling. “People often ask me what I’m going to do next. And I say, ‘Well I have 11 grandchildren.’”

Lee emphasized Tennessee’s declining poverty rates, increasing educational scores and ability to attract a plethora of high-paying businesses as wins during his administration.

“We’ve watched our poverty rate fall below the national average for the first time in the state’s history,” he said. “People in Tennessee have greater access to opportunity than they ever have before.”

The number of economically distressed counties were “cut in half” in the last few years, thanks to increasing business opportunities, he said. “Distressed counties” is a designation of the nation’s poorest regions, according to the Appalachian Regional Commission.

“Our economy has attracted $55 billion in investment — just $11 billion this past year,” he said. “300,000 jobs created in our state in the last seven years.”

Lee called out companies like Starbucks, which announced on March 3 that the company’s southeastern U.S. corporate office is coming to Davidson County; In-n-Out, which is currently establishing a $125 million corporate hub in Franklin; software company Oracle, which is building a global headquarters on Nashville’s East Bank; Elon Musk’s xAi; Ford and more as drivers of prosperity in the state.

“They’ve figured out that the business environment is here, and the culture is what they want for their people, and the opportunity exists for them to be more successful in our state than they might be across the country,” he said.

He also praised the Music City Loop, the privately funded tunneling project helmed by Musk’s The Boring Company to connect Nashville International Airport to the Tennessee State Capitol Building. Despite recent Metro Nashville opposition, Lee called the project an “innovative new transportation model to “move people…without charging taxpayer dollars.”

“It’s very exciting to me what they might [represent] for the future of transportation in our city and beyond,” he said. “Despite the political arguments about that, the pragmatic business argument for that is incredibly exciting.”

Lee closed the speech thanking business leaders for their support during the past seven years of his administration.

“I could brag about this state for hours,” he said. “Because I’ve come to know her people, I’ve come to know her communities, her leaders, her uniqueness and her prominence, and I have been awed by what I’ve come to know in the past seven years. And I am honored. It’s been the highest honor of my life to be in the spot I am in.

“Our best days are ahead of us,” he said. “There will be a future governor that can (bring) better statistics, and better opportunity, and more hope for our people. And that makes me happy. There will be more, and there will be greater, and we together will share in what that looks like.”

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