- link Copy URL - [ Share on X ](https://twitter.com/intent/tweet?text=CVS Health’s Annual Impact in Tennessee https://www.3blmedia.com/markdownify/node/1309011?absolute=1&via=3blnews "Share on X") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/1309011?absolute=1 "Share on Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/1309011?absolute=1 "Share on Facebook") - [ email Share via email ](mailto:?subject=CVS Health’s Annual Impact in Tennessee&body=ESG News from CVS Health https://www.3blmedia.com/markdownify/node/1309011?absolute=1 "Share via email") [Research, Reports & Publications](/CSR-News/research-reports-publications) # CVS Health’s Annual Impact in Tennessee ##### Investing in Health, Growing Local Communities Apr 21, 2026 8:30 AM ET ![CVS Health logo.](/sites/default/files/styles/carousel_2x/public/images/Economic%20Impact_TN_CVS%20Health_2.18.26A.png) [Originally published in the CVS Health National Economic Impact Report](https://www.cvshealth.com/economic-impact) With more than **9,000** locations and **300,000** employees, CVS Health is a driving force in the American economy, delivering **$474 billion** in economic impact nationwide. As one of the country’s largest private employers, we’re making health care more affordable and accessible for you and your family. Discover how our economic footprint benefits communities across the U.S: creating jobs, fueling local investments and generating tax revenue that supports schools, emergency services, infrastructure and more. With **149** locations, CVS Health is bringing high-quality and affordable care to Tennessee communities, improving people’s health and driving economic growth. **$4.2 Billion in Economic Impact** CVS Health’s operations in Tennessee generated an economic impact of **$4.2B** in FY24. This includes a direct impact of **$2.4B**, **$889.8M** indirect and **$942.5M** induced. *Source: Parker Strategy Group using data from CVS Health in IMPLAN* ![Economic impact TN.](https://3blaws.s3.amazonaws.com/inline-images/Economic%20Impact_TN_CVS%20Health_2.18.26_0.png) With multiple locations and prescription delivery services, CVS Health proudly serves patients and communities throughout Tennessee. **Generating $1 Billion in Labor Income** CVS Health generated **$1B** in total labor income in Tennessee (**$440.8M** direct, **$278.5M** indirect and **$302.8M** induced) in FY24. *Source: Parker Strategy Group using data from CVS Health in IMPLAN* **Supporting and Sustaining Jobs** Overall, CVS Health supported **17,087** jobs in Tennessee in FY24 (**8,534** direct employees, **4,085** indirect and **4,467** induced). *Source: Parker Strategy Group using data from CVS Health in IMPLAN* **Contributing to the Local and State Tax Base** CVS Health supported **$299.7M** in state and local taxes in Tennessee as a result of operations and capital spending in FY24. State (**$158.8M**) and local taxes (**$140.8M**) paid include employment-related, business and consumption-based taxes. *Source: Parker Strategy Group using data from CVS Health in IMPLAN* **Giving Back to the Community** - **$468,103** in Community Support - **1,963** Volunteer Hours *Source: CVS Health, 2024 Data* To learn more, [Download national report](https://www.cvshealth.com/content/dam/enterprise/cvs-enterprise/pdfs/2025/eir-2025/Economic-Impact-National.pdf) and [Explore impact by state](https://www.cvshealth.com/economic-impact#state_map) **Methodology** The study is a snapshot of economic impact as of December 31, 2024, unless otherwise noted. Data used to complete the economic analysis was provided by CVS Health. Data supplied included operating expenditures, capital spending, pay and benefits, direct taxes paid and total employees. The colleague data used in the analysis of the report represents the sum total of all colleagues who were in the state at any time in 2024. Average number of CVS Health colleagues reflects a point-in-time estimate in 2024. Primary and secondary data was used to complete the input-output models in IMPLAN. Additional jobs include indirect employment created as a result of CVS Health’s economic impact and induced employment as a result of household spending by CVS Health employees and employees of vendors. The CVS Health colleague and location data is as of January 1, 2025. Patient counts are not unique across mail, retail and specialty pharmacy. Numbers in this report are subject to rounding. 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