Economic Development
NES works with TVA Economic Development to attract new companies and bring more jobs to the area and to help existing businesses and industries grow in a sustainable way.
In 2018, global electronic commerce and cloud computing company Amazon announced plans to locate an Operations Center of Excellence in Nashville, Tennessee. Plans for this project included a 5,000-person operations center with positions in information technology, customer interface and research & development. Their projected capital investment is approximately $230 million and annual power use 5 MW.
Amazon has now opened the doors at its new southeastern U.S. headquarters, just north of The Gulch neighborhood in downtown Nashville. As of August 2020, the company had hired 1,000 employees for the new headquarters, ahead of its schedule to bring 5,000 new jobs to the area. This announcement represents the single largest initial jobs announcement in TVA Economic Development history. Economic development partners include Nashville Electric Service, Tennessee Department of Economic and Community Development, Nashville Area Chamber of Commerce, and Metropolitan Government of Nashville and Davidson County.
Also in 2018, EY, formerly known as Ernst & Young LLP, a global professional services firm, announced plans to establish a new tech hub in Nashville, including 600 new jobs and more than $20 million in capital investment. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce, Metropolitan Government of Nashville and Davidson County, and Tennessee Department of Economic and Community Development.
Accenture, a global professional services company, specializing in consulting, technology and operations, announced plans in 2020 to expand operations in Nashville. Plans for the project include the creation of 165 new jobs. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce and Metropolitan Government of Nashville and Davidson County and Tennessee Department of Economic and Community Development.
Genesco, a leading retailer and wholesaler of footwear, apparel and accessories, announced plans in 2020 to expand the company’s Nashville headquarters operations. Plans for the project include adding 60 new jobs to the existing workforce of more than 750 and investing $31 million in the Davidson County facility. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce and Tennessee Department of Economic and Community Development.
CloudOne, a customer service provider for the automotive industry, announced plans in 2020 to move its operations to Nashville. Plans for the call center include creating 320 new jobs and $2 million in capital investment. Economic development partners include Nashville Electric Service, Nashville Area Chamber of Commerce and Tennessee Department of Economic and Community Development.
TVA Economic Development serves the seven states that make up the TVA service area—almost all of Tennessee and parts of Mississippi, Alabama, Georgia, North Carolina, Virginia and Kentucky. TVA partnerships with other economic development organizations, help to foster capital investment and job growth in the region.
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