The Cities Challenging New York for Financial Supremacy
The Nashville MSA leads the nation among metro areas that are increasing employment in financial services at the fastest rate, according to researchers at New Geography. Factors contributing to this shift are lower costs (including for housing), less regulation and expanding markets, driven by rapid population growth.
Tennessee Ranks No. 1 in Nation For Foreign Direct Job Creation
For the second time in three years, Tennessee has topped IBM's Global Location Trends report. The annual report from the IBM Institute for Business Value measures the number of jobs created or committed via foreign direct investment (FDI) in each state during the 2015 calendar year.
The Volunteer State is home to roughly 920 foreign-based establishments that have invested more than $33.3 billion in capital. The state’s top 10 countries for FDI include Japan, Germany, Canada, the United Kingdom, South Korea, Italy, France, Switzerland, Sweden and China.
Nashville is on OnlineDegrees.com's list of the best big U.S. cities for college graduates.
The ranking was based on factors such as average cost of living, median income for bachelor's degree earners, unemployment rate, job projections and arts & entertainment options among 40 U.S. cities with populations of 750,000 or greater.
The U.S. Cities Creating The Most White-Collar Jobs, 2016
Forbes.com researchers analyzed Bureau of Labor Statistics data to determine the cities creating the most jobs in the business and professional service sector. Nashville ranks No. 1, with business service employment growth of 47.2 percent since 2010 to 152,700 jobs, with 7.7 percent growth last year alone.
Nashville ranks as one of the best U.S. cities for retirement, according to a study conducted by Kiplinger. Researchers used data from Trulia to identify cities that offer green space, trails and walkability. The study also took into account cities with access to health care that are tax-friendly for retirees.
The Best and Most Improved Housing Markets in America
Nashville has the No. 1 metro housing market in the nation, according to a report published on livability.com. The ranking is based on Freddie Mac's Multi-Indicator Market Index, which includes the best and most improved housing markets across the U.S. Ranking No. 17 in the U.S., Tennessee’s housing market is the second-most improved in the survey.
Bankrate.com ranked the best and worst cities for retirement for more than 200 cities using the following criteria: cost of living; crime rate (violent and property crimes); walkability; health care quality; state and local tax burden; personal well-being for seniors; weather (temperature and precipitation); and the vitality of the local cultural scene. Franklin ranked No. 3 and Nashville came in sixth.
Nashville is rated the No. 5 city in the United States, according to the Travel + Leisure World’s Best Awards 2016 readers’ survey announced today and available now on travelandleisure.com/worlds-best. The new survey from Time Inc.’s Travel + Leisure reveals the top travel destinations and companies in the U.S. and around the globe, from cities and islands to cruise lines, airlines, hotels and more. Cities are rated on sights/landmarks, culture, food, friendliness, shopping and value.
Nashville No. 2 Market for Growth of Highly Skilled Tech Workers
Nashville has the second-strongest tech talent growth rate in North America, according to CBRE Group, Inc.’s annual report, “Scoring Tech Talent,” which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent.
As the home of digital entertainment and music applications, the Nashville market has increased its tech tenant labor pool by 67.9 percent over the past five years.
“Nashville has a creative, highly educated workforce that is very attractive,” said Harrison Johnson, senior vice president of CBRE. “There is now significant investment in tech jobs, which we did not have 10 years ago."
Tennessee placed fourth in Kiplinger’s new report, "10 Best States for Retirement in 2016." According to their analysis, every major metro area in the state has lower-than-average living costs — especially for health care and taxes, which are particularly important to seniors. Overall cost of living in Tennessee is 2 percent below the national average.
Nashville has been named to Worth Destinations' list of the most dynamic cities in the U.S. The list is based on research and evaluation of American cities, including the following criteria: civic leadership (e.g. collaboration between the mayor’s office and the chamber of commerce); quality of life (e.g. traffic, climate); business climate (e.g. taxes, zoning); sustainability (e.g. environmental consciousness, green spaces); entrepreneurial community and environment (e.g. VCs, incubators); cultural offerings (e.g. music, museums); and urban innovation (e.g. WiFi kiosks, urban farms).
Tennessee earned an A+ for small business friendliness in Thumbtack.com's national survey of small business owners.
Since 2012, the Thumbtack Small Business Friendliness Survey has surveyed thousands of entrepreneurs on the state and local public policies that affect their ability to start, operate, and grow a business. In 2016, more than 12,000 U.S. small business owners participated in the study.
Market research and data firm Quantum Workplace surveyed more than 8,700 organizations in 47 cities across the United States and discovered which cities have the highest percentage of employees who feel truly professionally engaged in their workplaces. Nashville ranked sixth, with 71.2 percent employee engagement.
Nashville was named as one of the top cities for startup growth, ranking No. 5 in a 2016 Kauffman Report, ahead of San Francisco and Boston.
The ranking marks a leap from 2015, when the city was No. 9.
The Kauffman report studied employment and revenue growth at companies in particular areas.
Top Cities for Creatives
Using job data from the Bureau of Labor Statistics and cost-of-living information from the Council for Community and Economic Research, financial research website SmartAsset ranked the top 10 U.S. cities for creative workers. Nashville comes in ninth. This is the second year SmartAsset has conducted this research; Nashville also ranked in their 2015 list.
The new Graduate Opportunity Index, compiled by Trulia in partnership with LinkedIn, rates 40 of America’s strongest job markets based on what they have to offer recent college grads. The Nashville metro comes in seventh.
In a new report, Credit Sesame identified the top 25 "18-hour cities" and then ranked the top 10 based on five factors: median household income, median rent price, unemployment rate, average student loan balance, and average credit card balance. Nashville placed fifth.