Every so often, somebody asks Why Nashville? Why should I consider spending the summer with Jumpstart Foundry? Why should I think about moving to Music City?
In the last 20 years over 600 companies have relocated here. Perhaps it’s because we have no income tax, and our sales tax is just 7%. Heck, even our excise tax on net earnings is just 6.5%. That’s unheard of in most places!
Forbes recently chose Nashville has the eighth best city for growth in the US. Forbes also ranked Nashville as the fifth most affordable city in the US. And then there’s Rolling Stone magazine, who said that we have the best music scene in the US.
Rock and Roll!
Nashville’s music industry has a $6.4 billion economic impact, resulting in 54,000 jobs in the music and related industries. It’s no surprise really, considering that we have: 124 performance venues; 79 live music houses; 49 performing arts halls; 52 showcases for the visual arts; and 120,000+ seats in entertainment space. Don’t even get me started on the 80 record labels, 130 music publishers, and the 190 recording studios!
The Silicon Valley of the Health Care Industry
What people don’t realize is that Nashville is also known as the Silicon Valley of the Health Care Industry. 250 health care companies have Nashville operations, which results in 210,000 local jobs. 56 health care headquarters are based in Nashville, which generates 400,000 jobs and $62 billion in worldwide revenue! Not a bad place to launch a health care startup, eh?
Other big industries in Nashville include: Corporate Operations & Financial Services; Advanced Manufacturing; Tourism and Hospitality; Financial Services; and Supply Chain Management.
Among the best cities for college grads
The 111,379 college students in our 18 universities know that Nashville is the perfect place to stay and launch their businesses after college. 234,322 alumni of our higher education institutions live and work in the Nashville region. Livability magazine included Nashville in their top 10 list of best cities for college graduates.
The cost of living in Nashville is amazing too. It’s less than Austin, Charlotte, New York, and Raleigh (just to name a few cities).
Forbes recently listed Nashville as the number three boom town in the US. It is the perfect city to raise a family, entertain guests, and launch something incredible. We’re here to help you with that part. As ReadWriteWeb wrote, Never Mind the Valley: Here’s Nashville!
Photo from Flickr by: Jim Nix / Nomadic Pursuits
Posted on March 13, 2012