Middle Tennessee’s Blueprint for Prosperity: An Economic Development Scorecard
At a recent Nashville Area Chamber of Commerce meeting, the region’s economic development “scorecard” for the July 1, 2010-June 30, 2011 fiscal year was announced.
So how did Nashville stack up in the past year?
In this graph, you’ll see that the Nashville-area economy continued to gain momentum in the past 12 months. In year-over-year gains, 2010-2011 gives clear indication that we’re bouncing back to growth levels in job and labor force performance not seen in several years. People are returning to the workforce as job opportunities are increasing. And employment gains from the start of 2011 have exhibited the best sustained result in five years.
More good news – Middle Tennessee is attracting jobs and job growth through expansions and relocations. From July 1, 2010 through June 30, 2011, the Nashville region has logged a total of 103 announced relocations and expansions, adding 7,321 new jobs, nearly $1.7 billion in capital investment, and 5.8 million square feet of space to be occupied by these growing firms.