Nashville area jobs increase by 7,000 since July

Thursday, March 11, 2010 at 6:27pm
Staff reports

Announced relocations and expansions in the Nashville area since July of last year have accounted for 6,988 jobs, 4.7 million square feet of space and $1.7 billion in capital investment, business leaders say.

Figures were released Thursday by the Nashville Area Chamber of Commerce and Tennessee’s Department of Economic and Community Development.

“Although these are challenging times, I am excited about the economic development opportunities in Nashville and Middle Tennessee,” said Matt Kisber, commissioner of the Tennessee Department of Economic and Community Development. “We’ve worked hard to create and maintain a nationally recognized business climate and streamline the economic development process through partnerships on both the state and local levels and that work will pay dividends.”

“This is a testament to Middle Tennessee’s strong economic foundation,” said Alexia Poe, director of the Mayor’s Office of Economic and Community Development.

The chamber and Mayor Karl Dean are currently working with Atlanta-Based Market Street Services to develop a new economic development strategy for the region. The new strategy, P2020, will be announced at the end of June, and implementation of the strategy will begin in 2011.

“Fortunately, Nashville enters this planning process in a position of strength,” said Ralph Schulz, president and CEO of the Nashville chamber. “When it comes to per capita income growth, overall employment growth, cost of living, the diversity of our economy and entrepreneurialism, we are as good as, or better than, any of our top-performing peer cities.”

5 Comments on this post:

By: idgaf on 3/11/10 at 10:47

"Announced relocations " are not new jobs or rehireing of people laid off from their jobs. Heck we don't even know if they are here yet.

Frankly I am getting tired of the democraps treating us like idiots and playing word games with us.

Look and read the last two paragrahs carefully. IN JUNE they will have a stategy. It would be funny but for the people out of work and struggling because of their mis management.

Had they let the housing market fail we would be on our way to recovery, responsible people would have bought houses they could afford, and some crooked politicians would be in jail or at least facing charges.

The inflated housing market is still inflated.

By: trtay2004 on 3/12/10 at 9:53

IDGAF get a life.

I'm proud of all that Nashville leaders have been doing. We are a great city that has weathered this economy better than most cities thanks to the hard work of everyone. This isn't a Democrat or Republican issue. This is simply the hard work of a lot of people, including our mayor.

By: trtay2004 on 3/12/10 at 9:55

Oh and IDGAF, don't think we don't notice by the time your comment posted that you aren't even in our time zone, so why do you care about Nashville?

By: joe41 on 3/12/10 at 10:51

I hear the jobs created but shouldn't they be reduced by the jobs lost. Just wondering?

By: idgaf on 3/12/10 at 3:23

Joe not if you are using dem math/talking points [/sarcasim]

The time zone comment was hilarious.