Relocating or Expanding Your Business To Tennessee
With a premier location, a cost of doing business that is nearly 10% lower than the U.S. average, and a highly educated workforce, the Nashville region offers a variety of competitive advantages to relocating and expanding businesses. The Chamber’s economic development team is committed to providing site selectors and businesses with key data and assistance that can simplify your decision-making process. As a member of the Tennessee Economic Development Council, I can link you up with the many services and support to move your business to Tennessee.
Why Relocate or Expand Your Business Nashville?
Greater Nashville has a population of more than 1.9 million people with an approximate 40,000 businesses. Several major companies have made Greater Nashville and Middle Tennessee home, either founding or migrating their organizations there. To name a few nationally known organizations; included are Nissan North America, Bridgestone Americas, Dollar General, Hospital Corporation of America, Cracker Barrel and Gibson Guitar. Additionally, Nashville has the strongest concentration of the music industry in America, and is a national hub for the creative class.
The Nashville region draws people from all around the world, but especially neighboring Kentucky and Alabama. This workforce not only provides an abundant talent pool for companies, but maintains a continual refreshing to the region’s vibrancy, artistic and musical atmosphere. Nashville is a powerhouse offering a fierce competitive and innovative edge in technology and skills.
The Nashville region is defined by a diverse economy, a relatively low cost of living and doing business, as well as a creative culture and a well-educated population. Cultural diversity, unique neighborhoods, a variety of industries and a thriving creative community make Middle Tennessee among the nation’s best locations for relocating, expanding and startup companies.
Our team at Premiere Properties Group is dedicated to extending our real estate expertise in the market to assist you with your business and employee relocation or expansion and making your transition into Nashville and Middle Tennessee as smooth as possible. We invite you to use the resources on our website to learn more about why Middle Tennessee is a great place to do business.
Nashville named one of the Fastest Growing Large Metro Economies of 2017
Recently released data from the U.S. Bureau of Labor Statistics illuminates which large metros have the fastest growing economies. Growth is measured by the percentage change in employment between the annual average of 2016 and 2017. Headlight Data ranks employment growth for the 53 largest metros (1,000,000+ people) in the U.S. In 2017, U.S. employment grew 1.4%. Among large metros, the highest growth is found in Nashville (3.5%). Just in the last week, Amazon announced a plan to establish 5,000 new jobs in Tennessee!
Nashville Ranks High Across the U.S. for Millennials and Young Professionals
A study recently released on the best cities for young professionals; based on unemployment and labor force participation rates of young adults, median rent, number of fun establishments, job diversity, median earnings for full-time workers and rent as a percent of income. Nashville ranked #6 thanks to our job market, reputation for fun and low unemployment rate for young professionals. Young people can get engaged in Nashville by connecting with YP Nashville, our young professional organization. Another resource developed a list of the top 25 coolest and most affordable cities for millennials. The rankings are based on an analysis of housing and local price data, young population growth, unemployment data, walkability and community assets. Nashville ranked highly to relocate or expand your business due to its affordability, healthy economy and hip local food and music scene.
#1 Metro Area for Professional and Business Service Jobs
Forbes analyzed which metropolitan areas are gaining the most professional and business services jobs and the trends that are driving some to pull ahead while others fade. The rankings look at employment in the sector over time. Since 2011, Nashville’s job count in professional and business services has expanded a remarkable 42.6% to 160,300, the highest growth rate of any major metropolitan area. Management and technical consulting, architecture and related services have led this growth.
The Top 10 Housing Markets
Nashville is making a play for the hottest housing market this year to relocate or expand your business to, heating up with a forecast of 4.3 percent home value appreciation, 1.1 percent income growth and a 4.0 percent unemployment rate, according to Zillow’s 2017 10 Hottest Housing Markets list. The list, determined using data from Zillow’s Home Value Forecast, income growth and unemployment rates, assigned a “hotness score” to the 100 largest metropolitan areas in the U.S, with Nashville ranking No. 1.
Premiere Properties Group is more than a real estate business. We also consider ourselves advisors in lifestyle consulting. With economic, career and lifestyle trends compelling families to move away from states with high cost housing, high taxes, and fees and other challenges can be overwhelming. We are here to help you find a new home and help you navigate the transition by understanding your current lifestyle and what matters to you. We work to not only find a home that meets your style and budget, but to be aware of options for your lifestyle interests. We understand that there is more to living than just a nice home and offer our services at no cost to understand lifestyle options in Nashville and Middle Tennessee.