Forward Momentum: Nashville Is an Entrepreneurial Boomtown
The Nashville area continues to draw new investments and create jobs for residents.
The cars with out-of-state license plates you see on Nashville’s streets and in the driveways of just-sold houses and condos might belong to tourists, but many belong to owners who recently moved with their employer from another state.
The Nashville area’s diverse economy, unparalleled quality of life, affordability and deep talent pool attract businesses looking for the perfect spot to invest, grow and create jobs.
Global asset management firm AllianceBernstein is settling into its new headquarters in Fifth + Broadway, the development on the site of Nashville’s old convention center. Located next door to the Ryman Auditorium, Fifth + Broadway includes The Place, a 34-story apartment tower, 372,000 square feet of Class-A office space and 200,000 square feet of dining, entertainment and retail space. In addition, it is home to the National Museum of African American Music.
Arriving companies are creating jobs in neighborhoods across the Nashville area. Boston-based restaurant technology company
Toast chose Antioch as the location of its new configuration center in Tennessee. Toast plans to create more than 100 new jobs in the Nashville area over the next five years. The operation will support the company’s fulfillment, shipping, inventory management and national distribution of hardware.
Toast is a cloud-based, end-to-end technology platform that serves the restaurant industry as an operating system, connecting the front-of-house and back-of-house operations across dine-in, takeout and delivery channels. In the first quarter of 2022, about 62,000 restaurant locations used Toast’s digital platform.
“Currax is excited to join the growing health care and pharmaceutical community in Tennessee.”
George Hampton, Currax president and CEO
Currax Pharmaceuticals chose Brentwood when the company decided to move its corporate headquarters from Morristown, New Jersey. Currax is a specialty biopharmaceutical company dedicated to expanding access to clinically differentiated, underappreciated, branded and generic medicines.
The company announced its Brentwood headquarters would initially have about 35 employees and add 20 positions.
“Currax is excited to join the growing health care and pharmaceutical community in Tennessee and looks forward to taking a leading role in the continued development of the sector within the region,” says President and CEO George Hampton.
If you’d like to learn more about the Greater Nashville region, check out the latest edition of the Nashville Economic Profile.