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

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 education, technology operations and data centers

Jobs

Relocation & Expansion Highlights 12/11 – 4/12

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

A Regional Economy 1.6M in population

Percent Change and Population Shift 1990 to 2000 Large population increase Equal to or more than U.S. increase of 13.2% Loss or small increase Less than U.S. increase Source: U.S. Census Bureau, 1990 and 2000 of 13.2%

Nashville Population Inflow & Outflow 1,458 Chicago 1,017 1,125 1,560 Miami Detroit 392 338 955 New York 668 1,601 Memphis 158 945 Knoxville - 742 Tampa 1,712 Los Angeles 510 882 734 Birmingham 544 461 Phoenix 437 201 San Francisco 184 191 Boston Source: 2007-2008 IRS migration data 162 Provided by: Nashville Area Chamber of Commerce Research Department

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

Economic Diversity

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

Corporate Headquarters

Entrepreneurs = Economic Development Sole proprietorships’ contribution to city jobs Source: U.S. Department of Commerce: Bureau of Economic Analysis

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

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

Top Flight Destinations from BNA

All Four Seasons average high average high o o winter 49 70 spring average high average high o o 89 72 fall summer Average Annual Precipitation 48.50 inches Average Annual Snowfall 10 inches