North Nashville - Economy

Economy

See also: List of companies based in Nashville

As the "home of country music", Nashville has become a major music recording and production center. All of the Big Four record labels, as well as numerous independent labels, have offices in Nashville, mostly in the Music Row area. Since the 1960s, Nashville has been the second biggest music production center (after New York) in the U.S. As of 2006, Nashville's music industry is estimated to have a total economic impact of US$6.4 billion per year and to contribute 19,000 jobs to the Nashville area.

Although Nashville is renowned as a music recording center and tourist destination, its largest industry is actually health care. Nashville is home to more than 300 health care companies, including Hospital Corporation of America, the largest private operator of hospitals in the world. As of 2012, it is estimated that the health care industry contributes US$30 billion per year and 200,000 jobs to the Nashville-area economy. The automotive industry is also becoming increasingly important for the entire Middle Tennessee region. Nissan North America moved its corporate headquarters in 2006 from Gardena, California (Los Angeles County) to Franklin, southwest of Nashville. Nissan also has its largest North American manufacturing plant in Smyrna, Tennessee. Largely as a result of the increased development of Nissan and other Japanese economic interests in the region, Japan moved its New Orleans consulate-general to Nashville's Palmer Plaza.

Other major industries in Nashville include insurance, finance, and publishing (especially religious publishing). The city hosts headquarters operations for several Protestant denominations, including the United Methodist Church, Southern Baptist Convention, National Baptist Convention USA, and the National Association of Free Will Baptists.

Nashville is also known for some of their famously popular Southern confections, including MoonPies and Goo Goo Clusters (which have been made in Nashville since 1912).

Fortune 500 companies within Nashville include Dell, HCA and Dollar General.

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    —Ralph Waldo Emerson (1803–1882)

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