Interestingly, Nashville is inviting the Grand Prix, which is one of a few occasions this late spring developing Nashville’s economy.
“An international event like the Grand Prix here in Nashville, it projects globally, it attracts people globally and that hospitality community is really important,” Nashville Area Chamber of Commerce CEO Ralph Schulz said. “A lot of visitors come here, pay taxes, and help fuel and fund services and growth in Nashville.”
As the U.S. economy bobs back after the profound plunge it took with pandemic limitations, another report from Stessa positioned Nashville as having the most monetary development in the U.S.
“I think the thing that will surprise a lot of Nashvillians is that we continue to grow, even during the COVID period,” Schulz said.
This development is featured by this present end of the week’s Music City Grand Prix, expected to draw in 140,000 individuals to downtown.
“I’ve seen a lot of interesting races, cars, fans, it’s been a great thing for Nashville. It’s nice to see something like this brought to the city,” race attendee Jarod Reynolds said.
Nashville likewise pulled in an expected 350,000 individuals to its Fourth of July festivity recently.
what’s making Nashville’s economy a perfectly tuned symphony?
“It’s a great geographic location in the United States, it’s got a growing economy so there are a lot of jobs and opportunities, it’s got a very vital culture,” Schulz said. “So the key is people want to live here and then businesses want to put their jobs here because the people are here.”
Schulz added many organizations are extending employment opportunities that accompany openings for headway and vocations.
Despite the fact that Schulz doesn’t see the city’s development easing back down at any point in the near future, he said it’s significant the city attempts to support its development with things like more reasonable lodging and by growing training.
“We need to stay focused on our education systems so people have the skills that apply to those particular jobs and they have a chance to benefit from the economy. But I think we can expect to see the growth of Nashville continue,” Schulz said. “And one of the things I love about Nashville is people are attracted to the culture here. When people move here, they want to be a part of the culture.”
As per a June report by the Gary Ashton Real Estate Group, a normal of 82 individuals move to the city every day.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Economy People journalist was involved in the writing and production of this article.