May 4, 2021
Metro Council unanimously approved a $175 million economic incentive for tech giant Oracle to build a campus on the east bank of the Cumberland River, bringing to fruition a project years in the making.
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The Oracle project will bring 8,500 jobs with an average annual salary of $110,000. The company is committing to $1.2 billion in capital investment.
The project was approved despite 11th hour criticisms from Nashville s progressive community, which said the arrival of Oracle will trigger more gentrification in the surrounding community and stress the city s existing affordable housing problem.
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Mayor John Cooper said passage of the Oracle deal will help kick off Nashville s next decade of prosperity. The Oracle deal is believed to be the largest economic development project in Tennessee s history in terms of jobs.