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  • Chamber's Economic Development Efforts Garner National Accolades

    by Courtney Ross | Oct 22, 2014
    Only a handful of other metropolitan areas in the nation are experiencing the level of economic prosperity we're enjoying in Middle Tennessee. In terms of job creation, the 2013-2014 fiscal year was the most successful in the history of our Partnership 2020 economic development initiative, and we're well on track to have another record-setting year, with 2,852 new jobs new jobs created in the past month from corporate relocations and expansions.

    This week, our economic development efforts received accolades from two national organizations. And while it's always exciting to see our city earn national press coverage, it's especially gratifying when our efforts to build Middle Tennessee's economy are favorably compared to our peer cities.

    A benchmarking survey released Monday by Colorado-based Atlas Advertising places the Chamber third in the nation for capital investment announced in 2014. Compared to similarly sized organizations, we announced more than $2.26 billion in capital investment.

    Additionally, we are proud that a new survey of U.S. corporate executives and location advisors ranks the Chamber the No. 4 “best-in-class” regional economic development agency in the nation, with 11 percent of respondents identifying us as a top economic development organization.

    We are excited to be recognized for our ...

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  • Corporate Expansions Create Thousands of New Jobs

    by Courtney Ross | Sep 03, 2014
    It's a great time to work in economic development in Middle Tennessee. Over the past week, six companies have announced expansions in our region, investing more than $200 million and creating nearly 2,800 new jobs.

    gm General Motors officials announced last week the company will invest $185 million to make small gas engines at its Spring Hill manufacturing complex. GM also identified the next-generation Cadillac SRX as a future mid-sized vehicle to be produced at Spring Hill. The naming of the Cadillac SRX program follows GM's previously announced $350 million investment in Spring Hill for two future mid-sized vehicles expected to create or retain approximately 1,800 jobs.

    federal-mogul Also in the advanced manufacturing industry, Federal-Mogul, a maker of automotive parts, will invest $6.2 million to expand its current distribution facility in Smyrna and create 135 new jobs in Rutherford County. As part of this expansion, Federal-Mogul will increase its Smyrna footprint from 600,000 square feet to 800,000 square feet.

    Service-Source ServiceSource, the global leader in recurring revenue management, plans to expand its Nashville sales center and will create 100 full-time permanent jobs to support its rapidly growing customer base. With now more than 800 local employees, ServiceSource is the third-largest ...
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  • Forbes Ranks Nashville Third for Creativity

    by Janet Miller | Jul 17, 2014
    From Jack White's recent chart-topping album Lazaretto to Tandy Wilson's next James Beard-Award-nominated dish, something authentic, fresh and new is created in Nashville every day.

    This week, Forbes.com issued a new study that ranks Nashville as the third most creative city in America. Are we surprised? Certainly not. Yet we always welcome recognition of that special something that truly sets Nashville apart from every other city in America.

    The methodology Forbes used in their research was completely different than any we have seen before. To determine the ranking, Forbes and Sperling's Best Places partnered to find cities where people are actively engrossed in and financing creative projects, including websites such as Kickstarter, Indiegogo, Bandcamp and ReverbNation - measuring the number of projects or artists per site as compared to the local population.

    According to our 2013 music industry study, Nashville's world-famous music and entertainment industry has a $9.6 billion impact on our economy. Just as important as that economic impact is the energy all those creators bring to our region. Creative, young entrepreneurs move to Nashville to make their dreams come true, and those people are leaving their mark on the city in the form of new businesses, restaurants, shops ...
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  • We Need Your Input To Help Nashville Grow

    by Janet Miller | Jul 08, 2014

    Without a doubt, it's an exciting time to live in Nashville. Our city is making headlines around the country as one of the strongest economies and one of the best cities for job growth. We're attracting new residents and businesses to Middle Tennessee, and we have many reasons to believe our future is bright.

    Middle Tennessee’s regional economic development initiative, Partnership 2020, is working to manage this growth and help our region remain competitive. As we work with our regional partners to develop a new five-year Partnership 2020 strategy, we need your input to ensure that we fully understand the region’s most pressing challenges and its most exciting opportunities.

    We have launched a brief online survey that is open to all current and former Middle Tennessee residents. Our goal is to shatter the record for a community’s response to this type of survey, and we need your help! After you take the survey, please share the link with your coworkers, friends and family.

    Please visit surveymonkey.com/s/NashvilleActionAgenda to complete our survey by Friday, July 25. Thank you for being part of our success!

     

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  • How Nashville's Quality of Place Helps Our City Grow

    by Janet Miller | May 30, 2014
    Guest post by Courtney Ross, Chamber VP of existing business

    Based on data recently released by the U.S. Census Bureau, Nashville is now one of the 25 largest cities in the U.S. Our city reached an estimated population of 1,883,051 in 2013, a growth of 9.7 percent since 2010. This surpasses the populations of Norfolk, Virginia; Providence, Rhode Island; and Milwaukee, Wisconsin.

    Around 30,000 people move to our city every year because it is such a compelling place to live and work. In fact, we're projected to add a million more residents over the next two decades. This is an example of a trend that only a fortunate few cities get to brag about – people often pick Nashville as their home and then find a job, rather than finding a job and following it here.

    At the Chamber, we talk a lot about “quality of place” as a key factor in a successful city. What we mean by that is not only a city with a strong and thriving culture, but a recognizable "it factor" that keeps people talking about Nashville's vibe. And the buzz about Nashville has never been stronger, as we see in recent rankings touting Nashville ...
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  • New TVA Platinum Designation Shows Nashville Leads the Way in Sustainability

    by Janet Miller | Dec 02, 2013
    sustainableMayor Karl Dean announced today that Nashville has earned a platinum rating in the Tennessee Valley Authority’s new Valley Sustainable Communities program.

    Nashville recently completed the program, which is sponsored by TVA and developed and administered by consultant Boyette Strategic Advisors (BSA). The platinum designation recognizes that our community has made a significant, comprehensive commitment to sustainability, and also has thoroughly integrated economic development into our sustainability efforts.

    Assets that helped Nashville achieve this designation include the Mayor's Workplace Challenge; the NashVitality mobile app; and a variety of "green" buildings and developments, including the Music City Center, which was built to LEED Silver certifications, and the Gulch, which is the first LEED-certified neighborhood in the Southeast.

    Sustainability will continue to be a cornerstone of Nashville's economic prosperity because it is directly linked to our quality of place. The platinum designation not only sets Nashville apart as a community that has set high environmental standards, but also will help us be more competitive as companies make decisions about where to relocate or expand their operations.

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  • Smart Strategy is Key to Economic Growth

    by Janet Miller | Nov 25, 2013
    I had the opportunity to speak at the CABLE organization’s 35th anniversary celebration earlier this month, and while researching for that assignment, I uncovered some really interesting facts about Nashville’s evolution in 35 years, as well as the role of women in business during that time period. Here are a few highlights:
    • Thirty-five years ago, the population of our region was 820,022. It has since ballooned to 1.72 million in a 14-county region. Just pause for a minute and consider that. We have added 1 million new residents in 35 years. And we're projected to add a million more in the next 20 years.
    • In 1978, 7.1 percent of the businesses in America were owned by women. Today, that percentage is 28.7 percent. And the top five women-owned businesses in Nashville generated a combined revenue of $681.8 million in 2012. Great strides – but there is always room to grow.
    • The CMA Awards for 1978 were led by the Oak Ridge Boys, Dolly Parton and Crystal Gayle, with the image of our music industry (and our city) largely set by the tone of Hee Haw. In 2013, Nashville's concentration of creatives is 156 percent of the national average. Nashville is ...
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  • Panelists Discuss Ways to Sustain Nashville's Momentum

    by Janet Miller | Nov 19, 2013
    Guest post by Courtney Ross, Chamber VP of existing business

    At this morning's Partnership 2020 meeting, we hosted a panel of local business leaders for a discussion about how the Nashville region can sustain our momentum as one of the best cities in the nation to live and do business.

    The Partnership initiative was created 23 years ago as a strategy to make Middle Tennessee more economically competitive. With support from business leaders throughout our 10-county region, Partnership 2020 has helped improve our quality of place and make the Nashville region a business destination, leading to exponential job growth.

    At the meeting, panelists Butch Spyridon, Nashville Convention & Visitors Corporation; Brian Reames, Highwoods Properties; John Eakin, Eakin Partners; and Dr. Mike Schatzlein, St. Thomas Health, explored Nashville's recent success in development and looked toward the future.

    The need for improved mass transit emerged as a major theme of the discussion, which was moderated by Laura Hollingsworth of TN Media. With a projected 1 million people moving to our region in the next 20 years, transit and mobility will increasingly need to be addressed as a quality-of-life issue.

    In addition, Nashville attracts more than 11 million visitors a year, and Spyridon ...
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  • String of Relocations & Expansions Creates Jobs in Middle Tennessee

    by Janet Miller | Oct 18, 2013
    Guest post by Courtney Ross, Chamber vice president of existing business

    This week has been another great one for growth in Middle Tennessee, with job announcements by two major companies.

    Nashville-based Asurion has announced that it will continue to expand in Davidson County, adding 800 support solutions technicians in a new Nashville facility. The new Premier Support Solutions Center in the Crossings area becomes the most recent addition to Asurion's growing Nashville presence, which began with the company relocating its global headquarters to Grassmere Park in 2003. With the new facility, Asurion will have five offices in Davidson County, occupying 557,473 square feet.

    Earlier this week, we also announced that South Korea-based Hankook Tires will locate their first North American facility in Clarksville -- an $800 million investment that represents 1,800 new jobs over the next five years.

    Asurion and Hankook Tires are just the most recent in a string of relocation and expansion announcements over the past 10 weeks, bringing our new jobs total to more than 5,900. Other recent announcements include UBS, Aramark, Transcore, GM and Calsonic. Our economic development team, in collaboration with our regional partners, is currently working on 69 active relocation and expansion projects.

    The ...
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  • Chamber Team Brings Home Economic Development Awards

    by Janet Miller | Oct 17, 2013
    IEDCGoldFor the second year in a row, the Chamber has received recognition as a top economic development organization from Atlas Advertising. At the International Economic Development Council’s (IEDC) annual conference earlier this month, our Partnership 2020 team received a silver medal in the High-Performance Economic Development category for economic development organizations, and also picked up a bronze medal in the Most Jobs Announced Overall category.

    The Chamber attained silver medal status by announcing the second-most jobs created for any organization of our size in 2012-2013. As part of Atlas Advertising’s High-Performance Economic Development Benchmarking Survey, we reported the creation of 12,000 jobs in the Nashville area over the past 12 months.

    Also at the IEDC conference, our WorkIT Nashville campaign received Gold Excellence in Economic Development awards in the categories of General Purpose Promotion for the overall campaign and Special Purpose Website for communities with populations greater than 500,000.

    WorkIT Nashville launched in February with a multifaceted approach to recruit information technology workers to Middle Tennessee. Campaign components include the website, workitnashville.com, as well as a robust national marketing strategy that relies on social media, blog posts, online advertising and direct-mail campaigns to tell the story of the thriving technology ...
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