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  • Chamber's Economic Development Efforts Receive National Recognition

    by Courtney Ross | May 04, 2015

    For the third year in a row, Site Selection magazine has named the Nashville Area Chamber of Commerce one of the nation’s top economic development groups.

    The list is compiled through the magazine’s tracking of four objective categories: new jobs, new jobs per 10,000 residents, new capital investment and new capital investment per 10,000 residents. Additionally, Site Selection editors rank the creativity of economic development strategies, scope of project activity and project projections vs. actual results.

    The national recognition caps off an outstanding week for economic development in Middle Tennessee. Three companies recently announced plans to expand their existing operations, creating nearly 300 new jobs and investing more than $306 million.
    • Global food manufacturer General Mills plans to expand its current operations in Murfreesboro, investing $250 million and creating 117 new jobs.
    • Auto parts manufacturer Topre America will invest $53.3 million to expand their facility inside Nissan's Smyrna plant.
    • KHS America, a manufacturer and distributor of musical instruments, is investing more than $3 million to expand its Mt. Juliet workforce by about 75 percent.
    I am thankful to have an excellent team of economic development professionals working with our regional partners to attract and retain high-quality jobs in our region....
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  • Quality of Place in Economic Development

    by Courtney Ross | Apr 17, 2015
    The Nashville region continues to grow its reputation as a top destination for talent, tourism and business investment. Quality of place plays a major role in our economic development work as we continue to attract new businesses and residents to Middle Tennessee. Here are a few of our favorite latest community assets.

    First Tennessee Park
    Professional sports are a major draw for any community, and this season the Nashville Sounds will play in a brand-new venue - First Tennessee Park. Built on the historic Sulphur Dell site, which was home to Nashville's first-ever baseball team, First Tennessee Stadium replaces Greer Stadium as the digs of the Nashville Sounds minor-league team.

    West Riverfront Park and Amphitheater
    Nashvillians are passionate about live music and green space, so we we're thrilled about the 11-acre park/amphitheater combo due to open this summer on the west bank of the Cumberland River. Located on the site of the former thermal plant, the park includes more than a mile of multi-use greenway trails, Nashville's first downtown dog park, two basketball half-courts, ornamental gardens and a 1.5-acre event lawn. The amphitheater will accommodate nearly 7,000 people and will be the summer home of the Nashville Symphony.

    Nashville Film ...
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  • Partnership Unveils Ambitious Economic Development Strategy

    by Courtney Ross | Feb 20, 2015

    Nashville is enjoying a period of unprecedented economic growth and prosperity, and is also earning national media coverage as America's "it city." But this wasn't always the case. In 1989, Nashville was experiencing a significant downturn in economic performance, at a time when the rest of the nation was thriving. The Wall Street Journal published an article connecting Nashville's poor performance to a lack of foresight.

    The groundwork for our current boomtown status was laid in 1990, when a group of visionary community leaders created the Partnership, a regional economic development strategy. Since that time, Middle Tennessee's economy has steadily climbed to new heights, creating the success story we have today. And we believe the past 25 years are just the beginning. Just like in 1989, we cannot expect to continue our growth without a strategic vision.

    Yesterday, we unveiled an ambitious, complex and robust five-year economic development plan that will lead the way for continued long-term prosperity in the Nashville region.

    The new strategy focuses on three key strategic drivers that will not only build on our achievements, but will also identify areas of progress and critical need to ensure the region’s future economic vitality. These are economic prosperity, ...

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  • Nashville a National Leader in Advanced Manufacturing

    by Courtney Ross | Feb 04, 2015
    Advanced manufacturing, particularly in the automotive sector, has been one of the industries driving Middle Tennessee's economy since Nissan located an assembly plant in Smyrna in the early 1980s. Since that time, General Motors has also established strong operations in Middle Tennessee, and Nissan has increased its manufacturing presence, as well as locating its headquarters in Williamson County. We've also seen tremendous growth in the number of supporting companies that make automotive parts. Just since July, expansions and relocations from automotive suppliers such as Magna International and M-Tek have accounted for a total of more than 960 jobs.

    According to a new study by the Brookings Institute, the Nashville region has had more job growth in advanced manufacturing since the recession than any other metro area in the country, largely due to the success of auto manufacturers. For the purposes of the research, Brookings defined advanced manufacturers as companies where at least one in five employees specializes in technology, engineering, science or math.

    The future of advanced manufacturing in Middle Tennessee remains bright. As Nissan's local manufacturing plants continue to grow, the automaker has teamed with the Tennessee Board of Regents to build a $35 million education and training facility ...
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  • Google Fiber Announces Service in Nashville

    by Courtney Ross | Jan 28, 2015
    Ending a year of speculation, Google announced yesterday that Nashville will be one of the newest cities in the country to receive its Google Fiber gigabit Internet service, which is about 100 times faster than the average Internet speed available in the U.S.

    According to Kevin Lo, director of Google Fiber business and operations, Nashville's thriving music scene and the city's growing reputation as an entrepreneurial and technology hub made Music City a strong location for super-high-speed service.

    Access to the fiber network is based on demand. Once the network nears completion, the company will ask individuals to sign up for service, and start building out "fiberhoods" where interest is highest. To stay up to date, click here.

    This amenity will undoubtedly improve our community in many ways. It will help us nurture our local startups, and will also contribute to our overall quality of place and livability, which is increasingly important in our recruitment, retention and expansion efforts.


    Kevin Lo, director of Google Fiber business and operations, greets Mayor Karl Dean at the official announcement of Google Fiber's launch in Nashville on Jan. 27.
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    Tags: Google fiber
  • Wrapping Up a Milestone Year for Economic Development

    by Courtney Ross | Dec 08, 2014

    By many measures, 2014 has been a prosperous year for Middle Tennessee. More than 100 companies announced relocations or expansions, creating 14,388 new jobs and accounting for more than 8.4 million new square feet sold or leased and more than $2 billion in capital investment.

    2014 was also a landmark year for foreign direct investment (FDI) in Middle Tennessee, with 14 foreign-owned companies representing seven countries announcing expansions or relocations in the Nashville economic market. FDI accounted for 22 percent of new jobs created; 28 percent of new square footage sold or leased; and 35 percent of new capital investment. Major foreign-owned companies, such as Korea-based Hankook Tire and Japan-based Bridgestone, announced relocations or expansions into our region.

    In June, Nashville was named one of the nation's strongest economies and best cities for job growth, and we aim to build on that success in 2015. We are working to keep our regional economy strong and vibrant with an aggressive five-year strategy that sets targets for economic indicators such as job creation and GDP growth. With three years of the five-year strategy behind us, we are at 190 percent of our goal for employment growth and 183 percent of our goal ...

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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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