More Accolades for Nashville

[smeagolsfree]

20 hours ago, natethegreat said:

Columbia SC? Lol all credibility of that report out the window.

I would believe Greenville over Columbia.

[Rick Dalton]

24 minutes ago, smeagolsfree said:

I would believe Greenville over Columbia.

Same or Charleston even

[markhollin]

Wall Street Journal says Nashville has the hottest job market in the nation for 2023.

The WSJ study was done in conjunction with Moody’s Analytics, which looked at the unemployment rate, labor-force participation rate, changes to employment levels, the size of the labor force and wages in 2022 in about 380 metro areas.

Austin ranked No. 2, followed by Jacksonville, Florida at No. 3.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2023/04/03/nashville-job-market-ranking-wall-street-journal.html

[markhollin]

Southern Living magazine picks Nashville #5 on "South's Best Cities List of 2023."  Franklin comes in at #14.

On its 50 Best Small Towns in the South for 2023" Leiper's Fork comes in at #27.

More at The Tennessean here:

https://www.tennessean.com/story/money/2023/04/06/franklin-leipers-fork-nashville-land-in-southern-living-best-of-south-lists-tennessee/70064442007/

[markhollin]

Loveless Cafe ranked #7 in RestaurantClicks website of "Top 100 Diner Destinations in America 2023."

[markhollin]

Yolan inside The Jospeh Hotel was chosen #1 on Food & Wine’s "11 Best Restaurants for Ambiance in the U.S."

More at NBJ here:

https://www.bizjournals.com/nashville/news/2023/04/24/restaurant-roundup-yolan-recognized-as-best-in-the.html

[markhollin]

Vanderbilt University comes in at the #13 school in the "Best National University Rankings for 2023" by U.S. News and World Report.

[markhollin]

Wallethub ranks Nashville #17 on their list of "2023's Best Large Cities to Start a Business" chart.

https://wallethub.com/edu/best-cities-to-start-a-business/2281?utm_term=nashtoday&utm_campaign=daily-newsletter&utm_medium=newsletter&utm_source=nashtoday&utm_content=nashtoday

[markhollin]

Travel magazine Fifty Grande ranks Nashville as the #1 “Best Live Music City” in the U.S. according to a reader survey.

https://www.prnewswire.com/news-releases/fifty-grande-ranks-the-best-live-music-cities-in-the-us-301814771.html

[markhollin]

Nashville has much going for it for this year's National Travel and Tourism Week:

https://nashtoday.6amcity.com/tourism-nashville-tn?utm_term=nashtoday&utm_campaign=daily-newsletter&utm_medium=newsletter&utm_source=nashtoday&utm_content=nashtoday

[markhollin]

Nashville ranks No. 4 in the latest Best-Performing Cities Index from The Milken Institute, a global nonpartisan economic think tank. The report weighs job growth, wage gains, high-tech industries, broadband access and housing costs over a five-year span.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2023/05/16/milken-study-nashville-best-performing-cities.html
 

[colemangaines]

When it comes to job growth/wage gains, I wonder if the data is granular enough to tell if its organic growth or from migration. Anecdotally I feel like most of the high earners I know came here with their high paying jobs from a high COL area, while locals have largely had pretty average wage growth over the years, or even negative real growth with cost of living going up.

[KJHburg]

Here is the complete Milken report referenced above:  (there is a detailed profile on Nashville on page 31

https://milkeninstitute.org/sites/default/files/2023-05/bestperformingcities2023.pdf

[Bos2Nash]

4 hours ago, colemangaines said:

When it comes to job growth/wage gains, I wonder if the data is granular enough to tell if its organic growth or from migration. Anecdotally I feel like most of the high earners I know came here with their high paying jobs from a high COL area, while locals have largely had pretty average wage growth over the years, or even negative real growth with cost of living going up.

I will say this. When I moved here 5 years ago, I was just starting to hit the time in my career where I start to see experience pay off. I worked myself a 25% raise from Boston wages. Factor that in to the lower cost of living here and has been a nice little jackpot. I'm also in the "prime" of my career and have seen steady (and significant) jumps in wages since moving here. 

[smeagolsfree]

17 hours ago, Bos2Nash said:

I will say this. When I moved here 5 years ago, I was just starting to hit the time in my career where I start to see experience pay off. I worked myself a 25% raise from Boston wages. Factor that in to the lower cost of living here and has been a nice little jackpot. I'm also in the "prime" of my career and have seen steady (and significant) jumps in wages since moving here. 

It was also our gain to get you on the board too!!!!!!!!!!!!!!

[markhollin]

Preliminary data from U.S. Travel and Tourism Economics estimates Tennessee earned $27.5 billion in travel spending last year — a record-high for the state and increase of 14% from 2021.

Out of the 25 highest-ranked states, travel spending moved Tennessee to No. 11 in the nation, previously sitting at No. 14 in 2020. The leisure and hospitality industry is the state’s second-leading industry, employing 350,000+ residents and supplying $1.8 billion in state tax collections in 2022.

[markhollin]

Nashville comes in at #2 in Cvent's 2023 Top 10 Meeting Destinations in North America list.  Orlando is #1.  The last list they published in 2019 had Nashville at #6.

Conventions are a significant part of Nashville’s tourism industry, roughly 40%, and Music City Center alone hosted 150 events with 300,000 attendees in the 2022 fiscal year — amounting to 357,550 room nights and more than $382 million in direct economic impact.

The top 10 meeting destinations in North America, according to Cvent are:

1. Orlando, Florida
2. Nashville
3. San Diego, California
4. Las Vegas, Nevada
5. Chicago, Illinois
6. Atlanta, Georgia
7. Dallas, Texas
8. Austin, Texas
9. Phoenix/Scottsdale, Arizona
10. Denver, Colorado
    
    More at NBJ here:
    
    https://www.bizjournals.com/nashville/news/2023/05/23/nashville-ranks-no-2-on-cvents-top-meeting-destina.html

[markhollin]

Despite shoddy U.S. economic outlooks, especially from banks, Tennessee businesses are amassing big profits and growing in record numbers.

Tennessee leaders expect the boom years to continue for the foreseeable future because of the high rates of in-migration.

In the past 12 months, 76,767 new business entities were created and 337,760 annual reports were filed statewide.

“Tennessee set new records for business formations and renewals in the first quarter of 2023,” Secretary of State Tre Hargett said. “They’re the highest totals of any quarter in the data’s 25-year history.”

More behind The Tennessean paywall here:

https://www.tennessean.com/story/money/2023/05/24/what-recession-tennessee-businesses-see-big-profits-amid-economic-fears-federal-reserve/70248711007/

[markhollin]

Nashville is ranked #2 in "Hottest Housing Market for Large Metro Areas in the Nation" by Bankrate website.

https://www.bankrate.com/real-estate/housing-heat-index/

[Flatrock]

15 hours ago, markhollin said:

Nashville is ranked #2 in "Hottest Housing Market for Large Metro Areas in the Nation" by Bankrate website.

https://www.bankrate.com/real-estate/housing-heat-index/

....and Knoxville came in at # 2 for metros of any size. 

[markhollin]

Harpeth Hotel in Franklin is recognized as on the the Top 500 Hotels in the World for 2023 by Travel + Leisure Magazine, as well as receiving a Connie Award, the highest award granted by Hilton Worldwide and showcases the best of the best for each brand within the Hilton portfolio.

https://williamsonsource.com/the-harpeth-hotel-recognized-by-travel-leisure-as-one-of-the-worlds-best-hotels/

[Archibum]

Nearmap's analysis of leafiest capital cities puts Nashville at #5 in the nation.

https://www.nearmap.com/us/en/aerial-view-blog/leafiest-capital-cities-in-america

[markhollin]

Nashville growth shows no signs of slowing down:

- Ranked fourth in the country for job growth after Austin, Dallas and Raleigh. Growth was up 9.1% from February 2020 to March 2023 with 96,100 more jobs now than in 2020.

- Showed a 2.5% unemployment rate as of March 2023, which is one of the lowest rates in the history of the Nashville region, according to Hite.

- Ranked second in GDP growth from 2021-22 at 12%, second only to San Jose.

- Ranked fifth in population growth from 2016-2021 with 9.3% ( or 171,182 new residents) and ninth in population growth from 2021-22 with 35,624 new residents.

- Showed a top-10 per capita income growth from 2021-22.

- According to the Nashville/Davidson County planning department, issued $5.6 billion in building permits during FY 2022.

More behind The Tennessean paywall here:

https://www.tennessean.com/story/money/real-estate/2023/05/23/nashville-is-still-booming-heres-3-things-you-need-to-know-real-estate-market/70236443007/

[markhollin]

East Nashville’s Rice Vice, a 70s-inspired sake bar, landed a spot on Esquire’s “The Best Bars in America, 2023” list.

[markhollin]

The historic Hermitage Hotel has been named "Hotel of the Year in U.S./Canada" by Preferred Hotels & Resorts, which is the 650 hotel/resort brand that runs it. 

More at NBJ here:

https://www.bizjournals.com/nashville/news/2023/06/12/the-hermitage-hotel-hotel-of-the-year-preferred.html