It is close to the lake Sommen in the north of Småland. Its main commercial center is located along the main street, Storgatan. The symbol of the town is the crane as featured on the town's coat of arms. Some of the bigger employers in the town are Strömsholmen, Pastejköket, OEM, EFG (European Furniture Group) and IVT.
The company Stiga was founded by Stig Hjelmquist in Tranås 1934.[3]
Since 2005 there is free bus service in the central part of town.[citation needed]
The town is also the home of Wood House, a major table tennis blade manufacturing facility [4]