Highlights and lowlights: Williamson shines in job growth, Davidson wages lag big time

The Bureau of Labor Statistics this week published its regular report on job and wage growth in the nation's counties, this time for the fourth quarter of 2014. The report makes for fun reading for some in the local economic development community: Williamson County's 6.1 percent job growth rate last year ranks fifth nationally in the BLS' large-county category while the 4.9 percent increase in average wages put the county in the top 50. Similarly, Rutherford County's job growth of 3.9 percent easily outpaced the nation's 2.2 percent pace.

Davidson County's strong growth of 3.6 percent, however, is made a good bit more sobering when put alongside its wage numbers, which clocked in at just 1.5 percent. That put the heart of Middle Tennessee and the home of more than half its jobs all the way in 306th out of 340 counties. With the mayoral race heating up, we're thinking the topic of wages and bringing quality jobs to Davidson County will quickly move up the agenda from here.

You can peruse the full BLS report at this link.

Jun 18, 2015 12:04 PM

Columbia payment processor sold to Chicago company

C&H Financial Services, an Illinois-based payment processor, has acquired Regal Payment Systems out of Columbia. A release on the deal doesn't provide many details but does make Regal's operation C&H's first in Tennessee and adds the First Data processing platform to its lineup. The purchase of Regal also puts C&H on track to process $5 billion in transactions this year.

Jun 18, 2015 6:51 AM

Franklin Financial lease another sign of property market's health

So it turns out the glitzy parts of Nashville — downtown, West End, The Gulch and the like — aren't the only area office submarkets where space now costs more than $30 per square foot.

The leaders of Franklin Financial Network last week signed 15-year lease papers for almost 17,000 square feet that's been built onto their downtown Franklin headquarters by a company controlled by bank directors Henry Brockman and David Kemp.

Franklin Financial's starting rent is $33.25, which is $4.50 more than Spectrum Emery Properties is asking for its big and shiny One Franklin Park building located a few miles northeast. Even taking into account the "friendly" nature of the deal — which includes a clause allowing that rental rate to rise between 1.5 percent and 3.5 percent annually — the lease tells us the Nashville-area property market is in fine fettle, to say the least.

Check out the deal's details here.

SEE ALSO: Franklin Synergy in branch sale-leaseback with directors from late last year

Jun 17, 2015 7:04 AM

ADS buys Clarksville company accounts

Purchase grows Middle Tennessee customer base to 18,000
Jun 16, 2015 1:53 PM

Williamson jobs pipeline shrinks

It's been a few quarters since we've passed on information about Williamson County's economic development pipeline. The latest word from the county's chamber of commerce shows that it is contention for about 30 projects that could bring with them almost 7,200 jobs. The first number is in line with where things stood last summer but the jobs number has dropped more than 3,000.

 

Jun 15, 2015 1:41 PM

Nine apply for new 19th Circuit judgeship

Seat covering Montgomery, Robertson counties was created this spring
Jun 15, 2015 7:16 AM

Women's clothing boutique plans Brentwood store

A Charleston-based upscale women's apparel and footwear boutique plans to soon open its first store in Tennessee in the CityPark development on Franklin Road in Brentwood. Copper Penny will take up space in Building E of CityPark's 40,000-square-foot retail section, sitting close to the Hilton Garden Inn being built adjacent to the Mooreland historic home. The CityPark site will be the ninth location for Copper Penny, which first opened its doors about 25 years ago.

 

Jun 12, 2015 7:34 AM

Shoe maker expanding in Lebanon

Former Brown Shoe adding to distribution center
Jun 11, 2015 2:50 PM

Donut factory to bring 150 jobs to Lebanon

Canadian holding company invests in Nashville area for second time this year
Jun 3, 2015 2:23 PM

First Advantage hires real estate SVP

First Advantage Bank has added to its ranks a senior vice president in the form of Kyle Luther, a veteran business lender who had been at Planters Bank for a dozen years. Luther specializes in commercial real estate and construction lending. Read more about his move here.

Jun 2, 2015 1:13 PM