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Q: What drives Nashville's economy? ( Answered 5 out of 5 stars,   0 Comments )
Subject: What drives Nashville's economy?
Category: Business and Money > Economics
Asked by: shikibobo-ga
List Price: $10.00
Posted: 10 May 2004 05:32 PDT
Expires: 09 Jun 2004 05:32 PDT
Question ID: 343972
What drives Nashville's economy? (Major industries, most important
business segments, huge employers, etc.)
Subject: Re: What drives Nashville's economy?
Answered By: journalist-ga on 10 May 2004 06:31 PDT
Rated:5 out of 5 stars
Greetings Shikibobo:

The major driving force in industry appears to be in health care with
a few other industries supporting a quickly growing economy.  However,
the area features that attract industry are these:

"50% of the U.S. population [within a] 650 mile radius by way of 3
major U.S. interstates all in one city."

That coupled with the climate makes it a wonderful central location in
which to do business.

"Tennessee moved up to #3 overall in the annual business climate rankings." 

The industries that drive the economy are diverse.  


"...the field that Nashville is really dominating is healthcare
management. Vanderbilt University & Medical Center employs more than
12,000 people. Columbia/HCA Healthcare Corporation, the nation's
largest for-profit healthcare company, has its headquarters in
Nashville and employs more than 8,000 here. There are more than 250
healthcare management companies in the area as well as about 70 other
health-related firms. Other major employers in the field, with a
combined workforce of about 7,000, include St. Thomas Hospital and
Baptist Health Care Systems."

The article also states that "For years, Nashville has been the
largest publishing and printing center in the South" for religious
publications and that "now a number of national secular publications
are printed here as well."

There's also "the Nissan plant Smyrna and the Saturn plant in Spring
Hill...employing more than 15,000 people, these plants have also
attracted suppliers and related businesses to the region." And
", finance, insurance and real estate are responsible for more
than 35,000 jobs."

The health care growth is also reflected at
"..a healthy economy that has attracted business and spawned
tremendous job growth already has the local real estate markets
performing at major league levels."

This article also mentions "The Nashville highway system, which
includes several major arteries such as Interstates 24, 65 and 40, is
being augmented by a new perimeter highway. The completed loop, which
is scheduled to be finished the turn of the Century is expected to
have a major impact on local development."  The city is an Interstate
hub and that is a very attractive feature for many industries
including shipping and transportation.

Here are some other facts and rankings provided by the Nashville
Office of Economy at
as quoted from various sources:

"U.S. Biotech's Top 40 Locations" - The Nashville MSA ranks #21
overall for biotechnology companies (including life sciences and
pharmaceuticals) through careful measurement of 13 separate factors."

"Nashville ranks #2 overall for logistics-friendly cities based on
categories such as transportation & distribution industry climate,
available workforce, road infrastructure and conditions, taxes and
fees, waterborne commerce and air cargo."

You may also want to visit
to download some of the PDF brochures from there for additional
information.  That page reads in part "The Nashville area has a
diverse economic business base and has experienced tremendous growth
in every sector of the economy over the last ten years."


Should you require clarification of any of the links or information I
have provided, please request before rating my answer and I will be
happy to respond.

Best regards,


Nashville industry and economy
"Nashville economy" major industry
economic factors Nashville
economic growth Nashville
shikibobo-ga rated this answer:5 out of 5 stars

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