From Music City USA to Small Town Metroplex
Music Row, George Jones, the Ryman Auditorium, Dolly Parton, the Grand Ole Opry – when people think of Nashville, this is what normally comes to mind. Country music, cowboy boots, southern cooking, hospitality – Nashville is perceived as the heart of the Heartland. And this is all true and good.
But Music City has expanded its horizons. Over the last 10 years the music industry has changed – thanks to innovative technology – and with it so has the city. The city of Nashville has had to deepen it’s roots in other areas and has begun to take on a new, broader identity. Don’t get me wrong, Nashville is still Music City USA, but the city is on a fast track to becoming the nations first Small Town Metroplex.
Nashville Has Solid Roots
Fortunately for Nashville and it’s surrounding communities, the city already had a pretty diverse economy. In the 1850’s Nashville earned the name the “Athens of the South” as it was the first city to establish a public school system. The city and surrounding areas feature some of the best private and public schools and universities in the country. Education has given Nashville a strong foundation for economic growth.
The healthcare industry has also flourished in Nashville for years. Centered largely around Vanderbilt University, the city’s healthcare industry has opened its doors to tons of companies that help support the hospitals and private practices in the area.
Good education, available healthcare and a flourishing culture of arts and entertainment is a good start, but what is Nashville building on this foundation?
Growth is Projected, Inevitable
The city and the surrounding communities – Hendersonville, Franklin, Brentwood, Mount Juliet – have done a pretty good job of making Middle Tennessee an inviting place for small business and major corporations. There is no state income tax and the corporate tax rates are relatively low. Just ask Nissan and Mars Petcare – a couple major organizations that recently relocated their corporate headquarters from California to Middle Tennessee.[search Nashville Homes for sale]
If real estate development is any indicator – and it is a huge indicator – people are moving back to the city. East Nashville, the Gulch, Hillsboro Village, Germantown, 12 South are just a few of the burgeoning areas that people are beginning to call home. And that is a good thing for the city as it brings a balance back to the recent suburban boom of the late 1990’s and early 2000’s.
Is Nashville One of the Most Desirable Cities in the US?
Nashville as a community is prepping for growth. People are coming and the city is taking calculated risks to prepare for the growth. The Music City Center and the East West Connector are two example of the city trying to prepare for an increase in population. The Nashville Business Journal cited a study that projects Metro Nashville area to increase in population to 2.1M by 2025 – currently Metro Nashville is at 1.6M. Also a December 2011 article from Forbes named Nashville the 7th fastest growing city in the US.
So is Nashville one of the most desirable cities to live in the US? I think so, I hope so, the numbers seem to be suggesting that – but I’ll let you know for sure in 2025.
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