Mission & Vision
The Boyd Center for Business and Economic Research is a nonpartisan research hub within the Haslam College of Business at the University of Tennessee, Knoxville. The center conducts research on national and state economic trends for UT, state agencies and public and private organizations. It also analyzes and disseminates data on the demography and economy of Tennessee in conjunction with the Tennessee State Data Center.
Its mission is to research and inform conversations around the key public policy issues of the day. The Boyd Center faculty engages in important academic research across a wide range of public policy projects, including education, health, e-commerce, taxation, welfare and labor.
The Boyd Center prepares the Economic Report to the Governor annually and maintains the Tennessee Econometric Model (TEM) of the state economy, which provides quarterly, annual and long-term economic and fiscal forecasts.
The Boyd Center has created models estimating and forecasting:
- Employment security trust fund balances
- Revenue estimations for state and local governments
- Recipients and grant expenditures for state departments
- Caseloads for state-run workforce development programs.
The center also conducts thorough analyses of:
- State programs
- Surveys of state residents
- Economic impact studies for the state, local governments and the private sector
- Numerous projects in the area of taxation on e-commerce and internet usage.
Founded in 1937 as the Bureau of Business and Economic Research, the Boyd Center became the Center for Business and Economic Research in 1967. In April 2016, the center changed its name once again to honor alumni and benefactors Randy and Jenny Boyd.