UPDATE: Amazon to invest $230M, add 5,000 jobs in Nashville

Gov. Bill Haslam announces on Nov. 13, 2018, that Amazon will locate its East Coast logistics hub in Nashville. (Erik Schelzig, Tennessee Journal )

Here’s a press release from Amazon outlining its $230 million and adding 5,000 jobs in Nashville.

Amazon’s new Operations Center of Excellence in Nashville

  • Downtown Nashville, along the Cumberland River, is the heart of the city just north of the Gulch and is home to urban living, retail, restaurants, entertainment venues, hospitality, open green spaces, and offices. The area is served by commuter rail, more than a dozen bus routes, and is a 15-minute drive to Nashville International Airport.
  • As part of Amazon’s investment, Tennessee, Davidson County and the city of Nashville will benefit from 5,000 full-time, high-paying jobs; over $230 million in investment; 1 million square feet of energy-efficient office space; and an estimated incremental tax revenue of more than $1 billion over the next 10 years as a result of Amazon’s investment and job creation.
  • Amazon will receive performance-based direct incentives of up to $102 million based on the company creating 5,000 jobs with an average wage of over $150,000 in Nashville. This includes a cash grant for capital expenditures from the state of Tennessee of $65 million based on the company creating 5,000 jobs over the next 7 years, which is equivalent to $13,000 per job; a cash grant from the city of Nashvilleof up to $15 million based on $500 for each job created over the next 7 years; and a job tax credit to offset franchise and excise taxes from the state of Tennessee of $21.7 million based on $4,500 per new job over the next 7 years.

“We want to thank Amazon for its continued investment in the state of Tennessee and are excited about the additional 5,000 corporate jobs they will be creating in Nashville,” said Governor Bill Haslam of Tennessee. “It has never been clearer that Tennessee is a great place to do business, and we continue to attract a wide variety of global companies that provide high-paying, quality jobs for our residents.”

“Amazon’s decision to expand its presence in Nashville is a direct result of the talented workforce and strong community we’ve built here,” said Mayor David Briley of Nashville. “These are quality, high-paying jobs that will boost our economy, provide our workers with new opportunities, and show the rest of the world that Nashville is a premiere location for business investment. We thank Amazon for investing in Nashville, and we look forward to welcoming them to this community.”

8:49 a.m.: Reuters reports that while Nashville might not have made the final cut for Amazon’s second headquarters (that one appears to be a split decision between New York and northern Virginia),  the Tennessee capital is in line for a separate East Coast hub of operations. That decision will be good for 5,000 new corporate jobs in the city, according to the news services’ sources.

A press conference for an unspecified “significant economic development announcement” was scheduled for 9:30 a.m. Central at the state Capitol.

12 Responses to UPDATE: Amazon to invest $230M, add 5,000 jobs in Nashville

  • Stuart I. Anderson says:

    Lets be sure to locate another skyscraper right in the geographic middle of downtown Nashville so the Great and the Good can whine about the resultant traffic and the need for a $5 billion solution that must be paid for by taxpayers in the suburbs or even the rest of the state.

  • William Upton says:

    There goes Nashville!

  • Not Stuart Anderson says:

    This is big. Not HQ big, but close. This is the next step for us! Kudos for Nashville! More proof that while the state lives in the past, Nashville continues to move forward in a progressive manner. No doubt in small part due to the progressive, liberal leadership the city has had during its renaissance. Perhaps the Amazon announcement will help spur the city (and the state -which kicked in major bucks!) to FINALLY address transit in the region. A dense urban area needs better transit to deal with traffic and make a more livable and workable environment. If I was Amazon, I’d have put a contingency on the move -built transit or we’re gone.

    • Stuart I. Anderson says:

      If you were Stuart Anderson, a reasonable conservative if there ever was one, you wouldn’t dream of living in a liberal ghetto like Nashville so you would be blithely indifferent as to what goes on there. If, however, you attempt to have conservatives in the suburbs subsidize far left zillionaires like Jeff Bezos and the liberals in Davidson County by financially kicking in for a $5 billion dollar “regional transportation plan” you will look back at the electoral shellacking you received by Davidson County residents regarding your last brilliant transportation plan as the golden age of urban planning.

    • William Upton says:

      Progressive, liberal leadership? I believe that’s another way of saying Nashville is going down the toilet!

  • Christina Norris says:

    “The [downtown Nashville] area is served by commuter rail.” What commuter rail?

    • Erik Schelzig says:

      Presumably the Music City Star, which runs Downtown-Donelson-Mt. Juliet-Lebanon.

      • Stuart I. Anderson says:

        Shouldn’t it be named “taxpayer rail” since I am confident that the service doesn’t come close to breaking even from the fares paid by the commuters so every rider is subsidized by the taxpayers to a significant extent. I just hope it’s the taxpayers in Wilson and Davidson counties that it serves and those of us in the rest of the metropolitan area are ready to mobilize against such an albatross being imposed on us.

  • Donna Locke says:

    In other words, Amazon managed to tap into the taxpayer dollars in three states in this latest set of deals. How many of these jobs will go to transplants?

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