Weekend Extra

10 biggest business deals in Middle Tennessee

With Amazon and EY announcing the arrival of more than 5,500 jobs coming to Nashville, we thought it would be a good idea to look over some of the other job announcements since 1990.

In 1990, 28 years ago, the Nashville Area Chamber of Commerce started the Partnership 2020 initiative. Since then, more than 485,000 jobs have been created in Middle Tennessee, making Nashville one of the most dynamic and competitive cities in the United States. 

More than 930 new companies have decided to make Middle Tennessee their home since 1990. Some of the more notable ones include Dell, Bridgestone, Nissan, Asurion, UBS, and Nissan North America.

Bridgestone

 

 

 

In 1990, Bridgestone chose to relocate to Nashville. Since then, they’ve continued to expand with manufacturing and headquarters operations in the Middle Tennessee area. The company officially moved here from Akron, Ohio in 1992 after Bridgestone merged with Firestone. 

Their new tower in SoBro is absolutely gorgeous - inside are more than 1,700 employees. There are 450 more employees in Antioch at their operations center. 

Dell

In 1998, Nashville offered Dell Computer $166 million in incentives to expand from Texas to Tennessee. They promised 3,000 new jobs at a 320-acre site near the Nashville International Airport. In August 1999 the company opened its Eastgate manufacturing facility, a 260,000-square-foot factory for the production of desktop computers, in Lebanon. A little more than a year later, in September 2000, the company officially opened the main campus at a site near the Nashville airport on Murfreesboro Road.

Nissan

 

In 2005 Nissan announced it was moving its North American headquarters and 1,300 jobs from California to Tennessee. That headquarters is in Franklin and manufacturing for Nissan is located in Smyrna. 

When Nissan first invested in Middle Tennessee in 1981, it was the largest foreign investment by any Japanese corporation anywhere in the world. In the fall of 1999, the Smyrna plant added 1,000 new jobs. By the end of the following year, in 2000, the plant rolled its 5 millionth car off the line. 
As of 2016, Nissan had invested more than $6 million into the Smyrna plant and another million dollars into the plant in Decherd. Combined, the two plants employ more 10,000 people. 

The company invested in Smyrna again earlier this year when they announced they’d be splitting up $170 million between Tennessee and Mississippi to produce the new Nissan Altimas. In total, more than 13 million vehicles have rolled off the assembly line in Smyrna.

Asurion

Asurion, the insurance company for all your appliances and devices (probably), moved its headquarters from California to Nashville in 2003. They currently employ more than 3,000 people in the Nashville area with offices in Grassmere, downtown Nashville, and La Vergne. Back in 2002, Asurion executives promised 600 jobs. They said picking Nashville was a gut feeling. “With the quality of life here, people we’ve brought here only needed to take one look,” said former CEO Bret Comolli. 

UBS

Before 2013, banking giant UBS had about 300 employees in Nashville. That all changed in 2013 when they announced they’d be adding 1,000 more jobs over the next five years through their shared services center. 

UBS was a big get then because the jobs they were creating paid a significantly higher amount than the regional average. At the time of the announcement, Tennessee ranked No. 1 for job growth in the Southeast. UBS also announced they’d be investing $35 million into the project. 


Hankook Tire

Hankook broke ground on an $800 million plant in Clarksville in 2014. They announced shortly after that they’d be moving their headquarters from New Jersey to Nashville. In total, more than 1,900 jobs have been added to the region. 

Google

Earlier this year in February, Google announced they’d be building a $600 million facility in Clarksville, bringing more than 70 jobs to Montgomery County. When ground was broken, it was slated to be the most technically advanced data center in the Google network. 

Google CEO Sundar Pichai said, "With each data center that we bring online, we've operated with the goal of being able to do increasingly more, and with this data center our goal is to bring the very latest in technology to Clarksville and Tennessee."


AllianceBernstein

The Wall Street Investment firm AllianceBernstein announced in May of this year they’d be moving their headquarters from New York to downtown Nashville. The move is said to create more than 1,000 jobs. 

More recently, the firm signed a lease to anchor the Fifth + Broadway tower. That’s the tower under construction right now that will replace the old convention center. It’s slated for completion in 2020. 

EY (Ernst & Young)

EY, formerly known as Ernst and Young, plans to invest $22 million and hire 600 new IT and tax professionals. They made the announcement earlier this week with Governor Haslam. 
The hub will be called the EDGE Center (Exceptional Delivery Growth Engine) and will include software development, and tax professionals delivering tax services for clients. Erst and Young executives said they looked at 18 cities and settled on Nashville for its educated workforce in the growing IT sector, along with the ability to attract and retain talent. Plus they said the city has "buzz." They said that became apparent in June 2017, on the day the Predators were playing in the Stanley Cup Finals and thousands of people were downtown for the CMA Fest.  

Amazon


Amazon announced Tuesday it will create 5,000 new jobs in Nashville at its new Operations Center of Excellence.

The Operations Center of Excellence will serve as the company’s Eastern hub for the company’s retail operations division and will be located in downtown Nashville, according to a release.

Sources told News 2 the hub will be located at the site of the old LifeWay building, which was demolished in July, in The Gulch. Amazon is bringing 5,000 full-time, high-paying jobs, $230 million in capital investment and one million square feet of energy-efficient office space. Amazon’s decision to create 5,000 new jobs in Nashville makes this the largest jobs announcement since the inception of the Nashville Area Chamber of Commerce’s Partnership 2020 economic development initiative in 1990, according to a release. 


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