JOBS ANNUAL ECONOMIC IMPACT

250,000 jobs

60,000 jobs

82,100jobs

87,500jobs

$38.8 billionannual economic impact

$10 billion annual economic impact

$9.5 billion annual economic impact

$5.7 billion annual economic impact

HEALTH CARE

MUSIC &ENTERTAINMENT

MANUFACTURING

TOURISM &HOSPITALITY

ECONOMY

Economic drivers

The Nashville region’s economy continues to be a key driver of business activity in Tennessee and the southeast region. The area benefits from a diverse economy, and the balance of health care and corporate operations with manufacturing and supply chain sectors makes Nashville one of the region’s most attractive growth centers.

Nashville has ranked within the top 10 large metros for job growth and population growth for the past four years. The Nashville region experiences low unemployment, steady in-migration and a favorable business climate, making it a top location for companies looking to relocate or expand their business.

NASHVILLE ECONOMIC DEVELOPMENT GUIDE - ECONOMY 7

Photo courtesy of Devin Williams Photography

Management, information, administration, professional and technical services (8,049)

Retail trade (6,056)

Finance, insurance and real estate (5,019)

Health care and social assistance (4,648)

Accommodation and food services (3,808)

Transportation, warehousing and wholesale trade (3,266)

Construction (3,113)

Education, arts, ent. and rec. (1,812)

Manufacturing (1,454)

Miscellaneous services (4,384)

FORTUNE 500 / 1000 COMPANIES HEADQUARTERED

IN THE NASHVILLE REGION

HCA

Dollar General

Community Health Systems

LifePoint Health

Tractor Supply Company

Delek US Holdings, Inc.

Brookdale Senior Living

Envision Healthcare

Iasis Healthcare

Cracker Barrel Old Country Store

Genesco

Acadia Healthcare

Louisiana-Pacific

CoreCivic

2017 RANKING

63

128

130

374

396

480

512

538

628

747

751

754

878

977

41,609 BUSINESS ESTABLISHMENTS (NASHVILLE MSA)

TOP REGIONAL EMPLOYERS

Vanderbilt University Medical Center*

Nissan North America*

HCA Healthcare Inc*

Vanderbilt University*

Saint Thomas Health*

Community Health Systems*

Randstad

Asurion*

The Kroger Co

National HealthCare Corp.

Shoney’s Inc.*

Electrolux Home Products

Bridgestone Americas*

Lowe’s Cos.

Cracker Barrel Old Country Store*

Amazon

Gaylord Opryland*

AT&T

Dollar General Corp.*

Middle Tennessee State University*

United Healthcare

Goodwill Industries

Verizon Wireless

LOCAL EMPLOYEES

20,428

10,750

10,613

6,912

6,243

4,700

4,557

3,600

3,523

3,250

3,000

2,900

2,897

2,890

2,600

2,500

2,500

2,250

2,219

2,174

2,052

2,029

2,025 Sour

ce: B

ook o

f List

s, 20

17-2

018

*National, regional or division headquarters

8 NASHVILLE ECONOMIC DEVELOPMENT GUIDE - ECONOMY

Sour

ce: F

ortu

ne 20

17

Source: U.S. Census Bureau, 2015

Doing business

NASHVILLE ECONOMIC DEVELOPMENT GUIDE - ECONOMY 9

Corporate income tax rate

Personal income tax rate

Franchise tax

Sales tax rate

Average effective property tax rate

Unemployment insurance tax

Right-to-work state

State labor force

Regional labor force

Cost of doing business

CNBC state business friendliness ranking

CNBC state infrastructure ranking

CNBC state cost of doing business ranking

CEO magazine business climate ranking

Cost-of-living index

Average lease rate PSF for CBD office

Average lease rate PSF for suburban office

Average lease rate PSF for industrial

6.5%

0%

0.25%

7% state (2.75% local option)

0.75%

2.7% (of first $8,000 in wages)

Yes

3,208,324

1,017,264

94%

4

2

6

7

96.7

$26.25

$27.44

$4.66

CORPORATE BUSINESS CLIMATE

Unprecedented growth

UNEMPLOYMENT RATE (2016)

Nashville MSA

Tennessee

United States

Population growth

3.8%

4.8%

4.9%

Job growth

PER CAPITA INCOME (2016)

Nashville MSA

$52,540 $43,246 $49,246

Tennessee United States

GDP growth

9.8

% 13

.2%

27

.1%Nashville MSA

Tennessee

United States

KEY ECONOMIC INDICATORS (2011 - 2016)

4.0

% 6.4

%

13

.0%

3.7

%

11

.0%

10

.5%

Source: Tax Foundation 2017, State of Tennessee Department of Labor and Workforce Development, Moody's Analytics, CNBC Top States for Doing Business 2016, ACCRA Cost of Living Index, CBRE Source: Bureau of Labor Statistics and Bureau of Economic Analysis

NASHVILLE ECONOMIC DEVELOPMENT GUIDE - CONTACT US 47

The Nashville Area Chamber of Commerce’s top-ranked economic development team is dedicated to assisting you with your business relocation or expansion across the 10-county Nashville region. We serve as a single point of contact to make your transition into the Nashville region as smooth as possible. Our services include:

• Providing regional research and data• Assisting with comprehensive real estate searches• Coordinating with all regional economic development partners including State of Tennessee, Tennessee Valley Authority and local entities• Facilitating company and site consultant visits to the region • Creating customized talent recruitment plans• Assisting with employee and family relocation process

For more information or assistance with your site selection process, please contact Courtney Ross at 615-743-3022 or cross@nashvillechamber.com.

Contact us

Photo courtesy of Devin Williams Photography