ISM - Nashville M a y 1 5 , 2 0 1 2 A Transformed Economy - - PowerPoint PPT Presentation

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Dec 29, 2022 239 likes •413 views

ISM - Nashville M a y 1 5 , 2 0 1 2 A Transformed Economy In the last 20 years Population growth of 60.6% - 597,238 new residents 233,935 jobs created 601 relocated companies Growth sectors include health care, higher

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ISM - Nashville

M a y 1 5 , 2 1 2

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Population growth of 60.6% -

597,238 new residents

233,935 jobs created
601 relocated companies
Growth sectors include health

care, higher education, technology

perations and data centers

In the last 20 years…

A Transformed Economy

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Jobs

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Relocation & Expansion Highlights 12/11 – 4/12

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Rankings

4th in Job Creation in U.S. - Gallup, April 2012
5th fastest growing job marketing in U.S. – BLC, 2012
2nd most cost-attractive business location – KPMG, March 2012
8th best real estate market in U.S. – February 2012
10th most frugal city in country – Coupons.com, February 2012
1st in “Destination on the Rise” – Tripadvisor.com, December 2011
4th “creative vitality” city in the U.S. – December 2011

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A Regional Economy 1.6M in population

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Percent Change and Population Shift 1990 to 2000

Source: U.S. Census Bureau, 1990 and 2000

Large population increase

Equal to or more than U.S. increase of 13.2%

Loss or small increase

Less than U.S. increase

f 13.2%

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Los Angeles

1,712 882

Memphis

1,601 158

Detroit

1,560 338

New York

955 668

Knoxville

945

Birmingham

734 544

Chicago

1,458 1,017

Miami

1,125 392

Tampa

742 510

Phoenix

461 437

San Francisco

201 184

Boston

191 162

Nashville Population Inflow & Outflow

Source: 2007-2008 IRS migration data Provided by: Nashville Area Chamber of Commerce Research Department

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Over 50% of the nation’s population lives within 650 miles of Nashville

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Economic Diversity

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Diverse Industries

Healthcare
Tourism
Music & Entertainment
Education & Government
Distribution and Logistics
Technology
Advanced Manufacturing

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Corporate Headquarters

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Entrepreneurs = Economic Development

Sole proprietorships’ contribution to city jobs

Source: U.S. Department of Commerce: Bureau of Economic Analysis

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Higher Education the Key Driver

100,000 e students
100,000 college students
18 universities
17,000 annual graduates
60% (10,000) remain in region
Higher Ed Study, ‘08

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Source: ACCRA, 3rd Quarter 2010 Cost-of-Living Index

Low Cost of Living

New York City 207.9 San Francisco 162.0 Boston 132.4 Seattle 119.8 Chicago 114.9 Cleveland 101.6 Orlando 98.1 Austin 96.6 Charlotte 94.1 Atlanta 93.6 Nashville 89.6

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Top Flight Destinations from BNA

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All Four Seasons

average high

winter 49

Average Annual Precipitation 48.50 inches Average Annual Snowfall 10 inches

70 spring

average high

summer

average high

fall

average high