More Accolades for Nashville

[Tennessine]

On 3/29/2019 at 10:39 PM, Binbin98 said:

This is sort of tangentially related but I got bashed today on the memphis subreddit XD. I actually was saying something nice about memphis and saying that it had a ton of untapped potential as a city, but because I was from Nashville everyone thought I was slighting them. Oh well lol

That's Memphis for you.

[jmtunafish]

As posted at city-data (I added the bold):

At last official count, there are 53 Metro Areas(MSAs) with populations of 1 million or greater.

Here is a look at the growth in non-farm jobs in those metro areas from Feb 2010-Feb 2019(latest month available)

Data from bls.gov

FEB 2010-FEB 2019 Percent Growth/Metro Area/Numerical Job Growth
+39.82% Austin +306,600
+37.48% Nashville +279,200
+35.34% Orlando +347,200
+32.13% San Jose +276,000
+31.76% Riverside +363,000
+29.60% Dallas +852,200
+29.38% Charlotte +275,200
+29.37% San Francisco +559,200
+29.36% Raleigh +142,800
+28.28% Grand Rapids +124,800

+28.19% Denver +329,200
+27.78% Salt Lake City +160,000
+27.71% Phoenix +468,500
+27.32% Las Vegas +218,000
+26.30% San Antonio +221,700
+25.23% Atlanta +565,900
+24.89% Seattle +407,900
+24.77% Tampa +271,200
+24.51% Portland +236,600
+24.32% Miami +532,600

+24.08% Jacksonville +137,600
+23.47% Houston +593,100
+22.40% Sacramento +185,300
+22.05% San Diego +268,800
+21.53% Columbus +194,500
+19.35% Indianapolis +172,000
+18.89% Louisville +105,400
+18.67% Detroit +316,800
+17.59% Los Angeles +923,100
+16.78% Richmond +96,200

+16.76% Oklahoma City +93,200
+16.18% New York +1,362,500
+15.79% Minneapolis +268,900
+15.04% Kansas City +141,700
+14.89% Cincinnati +143,400
+14.76% Boston +352,400
+13.81% Baltimore +181,000
+13.68% Washington DC +503,700
+13.71% Chicago +451,800
+10.92% Memphis +64,200

+10.81% Philadelphia +285,200
+10.27% Providence +53,500
+9.76% Birmingham +48,000
+9.72% Milwaukee +76,500
+9.47% New Orleans +50,400
+9.02% St Louis +114,000
+9.29% Cleveland +90,000
+8.99% Tucson +31,900
+8.47% Virginia Beach +61,100
+7.27% Pittsburgh +85,300

+7.21% Rochester +36,600
+6.48% Hartford +34,900
+6.12% Buffalo +32,400

[Neigeville2]

On 3/29/2019 at 11:22 AM, Armacing said:

Good point.  So while a bunch of wealth might be generated in Davidson county, a big chunk of that wealth could go into the bank accounts of folks who actually live in Williamson county.   My basic point is this:  You can't have a thriving economy without rich people, and rich people it seems, always need a rich enclave to hide out in.  Williamson serves this purpose in the Nashville Metro, so it's easy to attract corporate headquarters here.  Therefore, I propose that southeastern quarter of Shelby County should be carved out as a new county entirely.  This would create a high-income enclave for rich folks that has all the right demographics to attract companies and residents.  Consequently, the entire Memphis metro would benefit from the economic growth in that new county.  Now all we need is a name for it...

 

 

Tickville?  Unless there's a more opportunistic parasite that comes to mind.

[Mr_Bond]

Update on the Urban Land Institute spring meeting in Nashville the last week of April:  I spoke with a ULI member this past weekend who has helped organize some events.  He said the Nashville members of the 35-45 year olds in ULI organized a barbecue for 250 people in this age group who will be attending.  It sold out in 3 hours.

The ULI arranged 12 different tours of Nashville covering various aspects of the city.  These tours run every day of the meeting all day long.  All tours are completely full.

I think this meeting could help boost another round of major development for our city in the second half of 2019 and through 2020.

[markhollin]

The SEC Basketball tournament last month generated a direct economic impact of $24,484,000, eclipsing the previous record by $3 million. The playoff also brought in a record 210,212 over five days, and a single game record of 20,933 was also established.  Tournament visitors spent an average of $286 per day, and produced 12,212 hotel room nights.

More at The Tennessean here:

https://www.tennessean.com/story/sports/college/vanderbilt/2019/04/02/sec-basketball-tournament-record-economic-impact-city/3346856002/?utm_source=tennessean-Business&utm_medium=email&utm_campaign=baseline&utm_term=hero

[markhollin]

[markhollin]

Some excerpts from NBJ interview with Jim Gingrich, CEO of Alliance Bernstein, on their move to Nashville:

- We’re a research firm, so we analyze the heck out of everything. And on dimensions that you could quantify or analytically look at, Nashville shows extremely well — with the talent that’s already here, our ability to attract talent here, our ability to create a pipeline through the universities, through the colleges, the fiscal policies of the state and the city, I could go on.

- This is a very welcoming place. We have around 100 people who have moved here at this point, and they have become the best salespeople we could possibly have for Nashville. … Every one of them has stories about how Nashville has embraced them, no matter who they are or where they come from, and that is such a unique thing.

- I didn’t expect everybody to be quite as friendly as you all are. I, personally, have felt incredibly welcome; I’m incredibly grateful; and I think that’s the same for everybody that has moved. There are a number of people who were instrumental in helping us make the right decision and helping us begin to integrate into the community, and it’s something that I’m very grateful for.

- Something that is so unique about this city and this state is, if you look at the organizations that exist within the city, they are very focused on making the city better. If you look at what has happened in Nashville over the last 10 years, over the last 20 years, it’s incredible, and I think it speaks really positively about what the city’s going to be in 20 years’ time.

- The folks who have moved are super excited about being here — they’ve been embraced; they love the city — and that buzz is getting back to the folks in New York.

- My personal commute went from about three hours a day to about twenty minutes a day, so as I tell people, I may have to take up a hobby. But without a doubt, for the large majority of our people, our commute times have improved dramatically. That said, we need to focus on intelligent growth as a community, and infrastructure and transit are issues.

- What’s been really interesting is that our clients are seeing this as a very progressive decision on our part. In fact, we just hosted a client a week or two ago, and when they come into our offices, even though it’s a temporary space, they were blown away by the energy and excitement of the people. They see why we’re doing what we’re doing. I thought we would see more pushback, but, instead, I’m pleasantly surprised by how our client base sees this as a positive, progressive step.

- One of the things that intrigued us, as well as scared us, about Nashville was that we would be the first asset manager in the city, at least of our size and scale. My hope would be that our decision — and the fact that we’re putting our headquarters here, bringing a set of skills into the market, and are going to be very focused on what we can do to develop and grow the talent base that exists here — will create interest on the part of other firms that want to come here and be part of this as well. Every company is very focused on getting the right talent, and I think that if others were to come here, it would grow the overall talent pool, and we’ll all benefit from that.

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2019/04/04/why-wall-street-transplant-alliancebernstein-is.html?iana=hpmvp_nsh_news_headline

[titanhog]

On 4/3/2019 at 11:39 AM, markhollin said:

Businesses are having a hard time finding enough workers...especially restaurants.  I know of one restaurant that closed because they couldn’t keep enough workers hired...and I ordered a pizza the other day from another restaurant and the delivery person stood at my door giving me a spiel about the restaurant desperately needing delivery and in-store workers starting at $11/ hour.

Crazy how hot the market is.

Edited April 5, 2019 by titanhog

[markhollin]

Kathie Lee Gifford and the Today Show crew talk about hockey fans and experience in Nashville:

https://www.facebook.com/NHL/videos/vb.61652252465/274596896778849/?type=2&theater

[markhollin]

First Tennessee Park voted among "The Best Minor League Ballparks " by Stadium Talk:

https://www.stadiumtalk.com/s/minor-league-baseball-ballparks-05c34027fc5a4672?utm_campaign=minorbaseballparks-068a04da642545fa&utm_medium=cpc&utm_source=fac&utm_content=602778&fbclid=IwAR2aDBJ6qiKZTO02maxxaYdawWL-l6NjFqwqlIE34Ebh012tcyMhMpy-Ry4

 

[Rockatansky]

On 4/5/2019 at 7:45 AM, titanhog said:

Businesses are having a hard time finding enough workers...especially restaurants.

If a business is having a hard time attracting workers, they need to increase pay/benefits.

Edited April 8, 2019 by Rockatansky

[Nash_12South]

2 minutes ago, Rockatansky said:

If a business is having a hard time attracting workers, they need to increase pay/benefits.

It's easy to say, but that translates into higher prices for customers. You also have a tough time to increase the pay enough for these folks to afford housing that's near their workplaces. Then, where can they affordably park? Is public transportation even an option? You can't scooter in from Antioch.

[titanhog]

2 hours ago, Rockatansky said:

If a business is having a hard time attracting workers, they need to increase pay/benefits.

That's not always the answer when unemployment is this low.

[Mr_Bond]

On 4/5/2019 at 7:45 AM, titanhog said:

Businesses are having a hard time finding enough workers...especially restaurants. 

For this reason, as a former coffee shop / restaurant owner, I am grateful to be out of that business, especially today in Nashville.

[Mr_Bond]

On 4/5/2019 at 7:19 AM, markhollin said:

Some excerpts from NBJ interview with Jim Gingrich, CEO of Alliance Bernstein, on their move to Nashville:

- One of the things that intrigued us, as well as scared us, about Nashville was that we would be the first asset manager in the city, at least of our size and scale. My hope would be that our decision — and the fact that we’re putting our headquarters here, bringing a set of skills into the market, and are going to be very focused on what we can do to develop and grow the talent base that exists here — will create interest on the part of other firms that want to come here and be part of this as well. Every company is very focused on getting the right talent, and I think that if others were to come here, it would grow the overall talent pool, and we’ll all benefit from that.
 

I'm a Chartered Financial Analyst (CFA) and have been a member of the Nashville Society of CFAs for over 20 years now.  The CFA is the premier, global designation for investment decision makers and Alliance Bernstein has many on staff.  To use Mr. Gingrich's words, we like to analyze the heck out of everything.

Over the past 10 years, I've seen a sizeable increase in the number of CFAs in Nashville (3x more than in '97) and in the diversity of industries represented by our membership.  If I were AB, I would have examined the number of CFAs in the local society and their industries/job descriptions.  AB's CFAs moving to Nashville will find a vibrant local society offering a wide variety of speakers and opportunities for connecting with other charter holders.

As an active, diverse local CFA chapter, we take steps to encourage college and graduate students to consider becoming a CFA, further increasing the talent pool for firms like AB.  Such outreach is needed as the CFA is considered by many to be the most difficult professional exam.  The pass rate on each of the three exams is under 50%.

https://en.wikipedia.org/wiki/Chartered_Financial_Analyst

[markhollin]

More background on the Urban Land Institute convention coming to Nashville next week.  4,300 have registered so far, a record for their spring meeting.  Folks coming from as far away as France, Singapore, and Australia. 

"Nashville will be able to showcase itself to really the whole finance and development world," said Bert Mathews, the third-generation president of developer The Mathews Co. and a co-owner of the regional franchise of the Colliers International brokerage firm.

"If you polled the group, I bet you less than 50 percent have ever been here before," said Jimmy Granbery, chairman and CEO of H.G. Hill Realty Co.

"Or, they certainly haven't been here in the last five or 10 years," Mathews remarked.

Attendees won't be confined to a hotel ballroom. Far from it: An array of outings will take attendees to places such as Brentwood, Franklin, OZ Arts Nashville, a socially conscious fashion brand in The Nations, Jack White's Third Man Records, several stops along the ethnically diverse Nolensville Pike corridor, the Frist Art Museum and the 100 Oaks mall that developers revitalized by leasing half of it as medical office space for Vanderbilt.

"There are a lot of second- and third-tier cities looking to us for examples," added Mark Deutschmann, CEO of Core Development and chairman emeritus of Village Real Estate. "They're not looking to New York City for examples. They're looking to us. … They want to know how we got this incredible brand."

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2019/04/10/before-the-nfl-draft-nashville-ascends-this.html?iana=hpmvp_nsh_news_headline

[titanhog]

^^I  posted a little something in the "Nashville" thread above at the same time you did.  

[markhollin]

Nashville's industrial market has 3.9 million sq. ft. of construction underway, following a 2018 where there was 2.6 million sq. ft. of space delivered.  This 50% jump means that Nashville is leading the nation in construction of industrial space by percentage according to Avison Young

Full report here:

https://www.avisonyoung.us/documents/92392/0/Q1+2019+Industrial+Market+Report/b0a5545c-5c70-4667-a144-978fdb817dd8?t=-636117495

[markhollin]

Nashville ranked Best Place to Live in Tennessee, and #15 in the nation, according to U.S. News and World Report.

More at The Tennessean here:

https://www.tennessean.com/story/news/2019/04/10/nashville-us-news-world-report-ranking-top-15-nation-tennessee-best-place-to-live-quality-of-life/3418654002/

[grilled_cheese]

On 4/8/2019 at 11:20 AM, Rockatansky said:

If a business is having a hard time attracting workers, they need to increase pay/benefits.

Yeah but that's not the part of free market economy that they like.

[Armacing]

1 hour ago, grilled_cheese said:

Yeah but that's not the part of free market economy that they like.

A lot of people who claim to be lovers of the free market don't really know what a free market is or how it works.  All they really like is *money* and they think that makes them a capitalist.  Those same people who espouse the virtues of free markets often defend the need for limited liability for corporations and the need for patents and copyrights because they want the government to help them get a leg-up on the competition.  So they really fear the free market.

[MLBrumby]

COO of the NYSE says Nashville is the strongest southern city, and one of the top 3 in the country for business growth and development in the next 20-30 years. He notes the technology and healthcare sectors here are tremendously strong and continuing to grow. Says new business IPOs and VC are extremely positive there and growing at a rapid rate. From NBJ:  https://www.bizjournals.com/nashville/news/2019/04/12/nashville-definitely-on-the-radar-of-wall-street.html

[markhollin]

Nashville's Peg Leg Porker is chosen as the #1 BBQ joint in Tennessee by Southern Living Magazine:

https://www.southernliving.com/souths-best/bbq-southern-states?slide=585275#585275

[Binbin98]

5 hours ago, markhollin said:

Nashville's Peg Leg Porker is chosen as the #1 BBQ joint in Tennessee by Southern Living Magazine:

https://www.southernliving.com/souths-best/bbq-southern-states?slide=585275#585275

While this may be true to certain people it does NOT mean that Nashville has better BBQ than Memphis lmao. I saw news articles from the Tennessean which were saying this that made me laugh. Let Memphis have barbeque and Graceland and Nashville have hot chicken and explosive growth lol

Edited April 13, 2019 by Binbin98

[BnaBreaker]

What does Southern Living magazine know anyway?  Haha