For the first time, Nashville welcomes the Grand Prix, one of several events promoting Nashville’s jobs and economic growth this summer.
“An international event like the Grand Prix here in Nashville, it projects globally, it attracts people globally, and that hospitality community is vital,” 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 recovers from a deep recession restricted by the pandemic, a new report by Stessa lists Nashville as the fastest-growing region in the U.S. economy. “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 increase is highlighted by this weekend’s Music City Grand Prix, supposed to draw 140,000 people 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. Earlier this summer, Nashville also attracted approximately 350,000 people to the July 4th celebration. So what makes Nashville’s economy such a well-functioning machine.
“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.”
Schultz added that many companies provide jobs with advancement and career opportunities. Although Schultz believes that the city’s growth will not slow down anytime soon, he said it is important that the city maintain its growth by providing more affordable housing jobs and expanding education.
He added, “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.”
Source: WKRN News 2