Nashville Area Chamber of Commerce releases annual Vital Signs report
This year s Vital Signs report, entitled âWisdom of Hindsightâ, addresses four issues impacting the Middle Tennessee region: workforce and economic development, housing, transportation and infrastructure.
and last updated 2021-05-01 00:01:37-04
NASHVILLE, Tenn. (WTVF) â The Nashville Area Chamber of Commerce annual Vital Signs report is out. At least 2,000 middle Tennesseans weighed in on issues impacting the region. Workforce and economic development, housing, transportation and infrastructure were among key issues in this year s report. So that response from middle Tennesseans really helps inform the topics that we focus on each year to find out what s important our region, also what is important to our local elected officials as they make decisions to help our region move forward, said Vice-president of Regional Policy, Nashville Area Chamber of Commerce, Matt Bailey.
Bob Rolfe serves as commissioner of the Tennessee Department of Economic and Community Development.
If you have been keeping up with the news lately, it will come as no surprise that Tennessee is a finalist to land what would be the largest project in the state’s history in terms of job creation.
Global tech giant Oracle is considering expanding its U.S. information technology development footprint, and Nashville is a contender for this project.
Along with 8,500 high-quality jobs that will provide exceptional wages, Oracle would invest $1.4 billion in Tennessee, of which $175 million would be used to make extensive infrastructure improvements to Nashville’s River North development.
Oracle to bring 8,500 jobs, invest $1.2 billion in Nashville
Oracle plans to create around 2,500 jobs in Nashville by the end of 2027. The 8,500 new jobs would have an average salary of $110,000. Author: WSMV Nashville Updated: 5:10 AM EDT April 15, 2021
NASHVILLE, Tenn Oracle Corporation announced Wednesday it has requested a public hearing for approval of an Economic Impact Plan with the Metro Industrial Development Board that would bring 8,500 jobs to Nashville, according to Mayor John Cooper s office.
Approval from the IDB and Metro Council is needed to finalize Oracle’s proposal to bring 8,500 jobs and a $1.2 billion investment to Nashville by the end of 2031. Oracle plans to create around 2,500 jobs in Nashville by the end of 2027. The 8,500 new jobs would have an average salary of $110,000.
News that multinational software firm Oracle Corp. is expanding its new Austin headquarters into Nashville rocked Music City s business community Wednesday.
The planned $1.2 billion campus on the East Bank of the Cumberland River will transform a flat, largely forgotten industrial cityscape into a thriving hub of commerce.
Mayor John Cooper has had negotiations with the firm and state officials since his 2019 election. Details of the state s incentive package for the deal will be released later this month. Cooper said the only incentive Nashville agreed to was a 50% temporary reduction in property tax payments in exchange for infrastructure investments. Today’s news is another affirmation that major companies want to be in our city. They want to build here and grow roots here, Cooper said. My job is to make sure Nashville invests in our students and graduates. It’s great that our graduates won’t need to go to the West Coast for top-tier tech jobs.
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