Business startups add to economic momentum in Tennessee

Tennessee Secretary of State Tre Hargett speaks at a news conference Tuesday, May 19, 2015, in Knoxville. (Michael Patrick/Knoxville News Sentinel via AP)

As the economic expansion extends into one of the longest on record, a growing number of Tennesseans are starting their own businesses.

New business entity filings jumped by 14.3 percent this spring over last year - the highest quarterly gain on record - while the number of business dissolutions declined by 36.6 percent, according to a report Monday by the Tennessee Secretary of State.

photo Tennessee Secretary of State Tre Hargett speaks at a news conference Tuesday, May 19, 2015, in Knoxville. (Michael Patrick/Knoxville News Sentinel via AP)

The spring quarter was the 27th consecutive quarter of positive year-over-year growth in the number of businesses operating in Tennessee. As of June 1, there were 282,982 active entities in Tennessee, representing a 5.9