INC names Nashville #4 Best Place to Start a Business in America
"An abundance of hospital chains in the country music mecca has made it famous for something else: a new wave of health startups." Nashville earned the number 4 spot based on the rate of entrepreneurship, high-growth company density, population growth, net business creation and wage growth in the Nashville Metro area.
Tennessee ranked #1 in South Central United States for regional workforce development
Tennessee ranked number one for our region based on the following criteria: (1) CNBC’s America’s Top States for Business 2018 Workforce and Education sub-ranking; (2) Forbes’ Best States for Business 2018 Labor Supply sub-ranking; (3) U.S. News’ 2018 Best States for Education rankings; (4) ACT National Career Readiness Certificates (NCRC) Rankings; and (5) average number of workforce development enactments passed in state legislatures (most recent data).
Recently released data from the U.S. Bureau of Labor Statistics illuminates which large metros have the fastest growing economies. Growth is measured by the percentage change in employment between the annual average of 2016 and 2017. Among large metros, the highest growth is found in Nashville (3.5%).
This ranking, based on work-life balance, employee relationships, work environment, average compensation, opportunities for career advancement, company culture and resources, places Nashville in the top 20 happiest cities to work in.
#7 on Forbes' list of Top 25 Fastest-Growing Cities of 2018
Nashville has jumped significantly from number 20 on the 2017 list. "The goal of Forbes’ annual list of America’s fastest-growing cities is to give a holistic picture of places on the upswing. That means looking not just at job, population or output growth individually, but considering how these important measures and others come together. It means looking back to see which cities grew the most in 2017 and forward to project which cities will make strides in 2018," says Forbes.
The Nashville Sounds are a big tourist draw to the region. Their on-field success, the game-day experience and Nashville's quality of life in general all combined to make it the top minor league baseball town according to SmartAsset. First Tennessee Park is a great place to watch baseball, or just hang out at the BandBox.
Nashville is #6 City for Young Professionals
SmartAsset recently released a study on the best cities for young professionals based on unemployment and labor force participation rates of young adults, median rent, number of fun establishments, job diversity, median earnings for full-time workers and rent as a percent of income. Nashville ranked #6 thanks to our job market, reputation for fun and low unemployment rate for young professionals. Young people can get engaged in Nashville by connecting with YP Nashville, our young professional organization.
Southern Business & Development Magazine ranks states and peer group markets based on the capture of projects announced in the South meeting or exceeding 200 jobs and/or $30 million in investment. The SB&D 100 (the 24th annual) ranks each state and market through points earned based on the capital investment, jobs and the size of each project captured. Nashville earned "Major Market of the Year" for 2017 for its performance in calendar year 2016 with 165 points. The second highest ranking metro received 105 points.
Southern Business & Development
Nashville MSA #7 in Tech Job Creation
Praxis Strategy Group analyzed employment data from the nation’s 53 largest metropolitan statistical areas from 2006 to 2016, with extra weighting for growth from 2014-16 to give credit for current momentum. Half of the ranking is based on employment growth at companies in high-technology industries and the other half is based on changes in the number of workers classified as having STEM jobs. Nashville ranked no. 7. Since 2006, Nashville added jobs in nearly every tech industry that the study tracked, led by 3,700 new jobs in systems design, 1,800 in data processing, and 1,100 in engineering services.
Praxis Strategy Group
Brookings Metro Monitor Ranks Nashville Top 30 in 3 Categories
The Metro Monitor’s Inclusive Growth Index tracks the economic performance of the nation’s 100 largest metropolitan areas along three dimensions critical to successful economic development: growth, prosperity, and inclusion. From 2010 to 2015, only 14 of the 100 largest metro areas outperformed the average of their peers on composite scores for growth, prosperity, and inclusion. Nashville ranked #4 in growth, #9 for prosperity and #25 for inclusion.