Nashville rates high for Relocation

Today's Nashville Business Journal had this story:

The state of Tennessee attracted enough new economic development projects in 2007 to place third on Site Selection magazine's 2007 Governor's Cup rankings.

The state had 293 corporation location projects last year that either had a capital investment of at least $1 million, created at least 50 new jobs or involved the creation at least 20,000 square feet of new floor area.

The magazine does not track retail or government projects, hospitals or schools, meaning only private, for-profit expansions were counted.

The survey, compiled by numbers tracked by Site Selection's parent company Conway Data Inc., also ranked metro areas in four categories by size. The rankings were based on the number of job creation projects.

Nashville-Murfreesboro ranked sixth for metro areas of populations of more than 1 million, Knoxville ranked 10th for metro areas between 200,000 to 1 million, and in the 50,000-200,000 metro category, Morristown ranked second and Johnson City ranked fourth.

Site Selection, published by Conway Data, is the oldest publication in the corporate real estate and economic development field and the official publication of the Industrial Asset Management Council.

 

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