Music City Center officials announced today that the SoBro-based convention building generated more than $110 million in economic impact during the first quarter of fiscal year 2016.
The figure is double the mark that was generated during the first three months of fiscal year 2015, according to a release.
In September specifically, the MCC hosted 31 events with 41,696 attendees, generating 12,438 room nights for about $21 million in economic impact. Fiscal year to date, the building has hosted 71 events with 187,314 attendees, generating $110.6 million in economic impact. According to the release, tax collections continue to outperform expectations, with the MCC portion of tax collections was up 19.72 percent for July year over year.
“Our team continues to do an outstanding job juggling multiple, large events in the building at the same time and this has enabled us to produce these kind of economic impact numbers,” Charles Starks, MCC president and CEO, said in the release. “During Mayor [Megan] Barry’s inauguration in the Grand Ballroom, we had 15,000 guests in the building for other events and everything went very smoothly.”
Part of Nashville’s appeal (at least this is what some folks contend) is that the city is distinctive.
With this theme in mind, Nashville Independent Business Alliance has launched a campaign to maintain, and promote, the city’s bohemian, non-chain, alternative, oddball, non-mainstream, etc., businesses, Nashville Business Journal reports.
The entity — a group of locally owned businesses loosely called Indie Nash — isl modeling its effort off those found in Austin, Portland and Seattle. Its goal is to stress the important economic impact Nashville’s independent businesses have, while minimizing the potentially negative affect of more mainstream businesses and new (and often glitzy and high end) development, according to NBJ.
Those Nashvillians seeking jobs as computer support specialists are living in the city at an opportune time.
The Tennessee Department of Labor and Workforce Development’s Labor Market Information Section has released a report, titled Occupations with Bright Outlooks in Tennessee’s Job Markets, examining the state’s demand in occupations involving skilled workers.
As to computer support specialist positions, the annual growth rate is a state-leading 2.8 percent. Other jobs with need include those of, among others, electricians and elementary school teachers, according to a release.
The report (see here) gives a top 20 list of jobs with faster-than-average growth spanning various industries.
Conversely, the report provides information about occupations that are oversaturated with “educational program completers” in Tennessee.
As of the report's completion, there were 3,486 barbers and cosmetologists and only 480 projected annual openings in that field.
“It’s clear there is a lot of impressive growth across the state,” Department of Labor Commissioner Burns Phillips said in the release. “We’re going to continue to support employers, job seekers and training providers with these labor market reports so they can make informed decisions that will continue this economic momentum.”
Tennessee’s unemployment rate for August was 5.7 percent, unchanged from the July and June revised rates, Tennessee Department of Labor and Workforce Development Commissioner Burns Phillips announced today.
Prior to June, the state enjoyed five consecutive months of unemployment rate declines.
August 2014 to August 2015, Tennessee's unemployment rate decreased from 6.6 percent to 5.7 percent, while the national rate declined from 6.1 percent to 5.1 percent during the same period.
There was an increase of 6,700 non-farm jobs from July to August, with the largest increases occurring in leisure/hospitality, government and trade/transportation/utilities jobs.
Year over year, non-farm employment has added 52,500 jobs. The largest increases occurred in trade/transportation/utilities, leisure/hospitality, and durable goods manufacturing.
Revelator Coffee Company will open its Nashville location Monday in Hillsboro Village.
The new location, in a space in Hill Center Acklen facing 21st Avenue, will feature coffee, tea and food items. The company was founded in Birmingham and also has locations in Chattanooga, New Orleans and Atlanta with another location opening in Charleston, South Carolina, later this year.
"It's a great time for Nashville and the community in and around Hillsboro Village," Meredith Singer, Revelator Coffee Company's marketing director, said in a release. "We're a part of a very exciting development project, and we look forward to bringing the city another great coffee experience. Revelator adds to the mix with our seasonally driven menu and our bright, relaxed atmosphere. We take a culinary approach to coffee, practicing a multi-sensory experience that pushes coffee — and our customers' experience — toward pure delight."
Nashville restaurant The Local Taco has signed a deal with the Tennessee Titans to operate two club-level locations at Nissan Stadium.
Terms of the deal were not disclosed in a release.
The restaurant, which has three Nashville-area locations as well as two outposts in Kentucky and South Carolina, will initially serve a limited menu that is expected to expand during the season.
"We heard from our Club Members that they wanted some local flavor added to the variety of selections available on game days," Bob Flynn, Titans VP of facilities and gameday operations, said in the release. "The Local Taco is a well known company and their tacos are a signature Nashville flavor. We are looking forward to the relationship and providing another quality food option for our club."
Tennessee’s unemployment rate for July was 5.7 percent, unchanged from the June revised rate, Tennessee Department of Labor and Workforce Development Commissioner Burns Phillips announced today.
Prior to July, the state enjoyed five consecutive months of unemployment rate declines.
July 2014 to July 2015, Tennessee's unemployment rate decreased from 6.6 percent to 5.7 percent, while the national rate declined from 6.2 percent to 5.3 percent during the same period.
There was an increase of 1,300 non-farm jobs from June to July, with the largest increases occurring in leisure/hospitality, manufacturing, and wholesale trade.
Year over year, non-farm employment has added 52,500 jobs. The largest increases occurred in trade/transportation/utilities, leisure/hospitality, and professional/business services.
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