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Nashville mayor: Oracle to bring 8500 jobs, $1.2B investment
by Jonathan Mattise, The Associated Press
Posted Apr 14, 2021 5:41 pm EDT
Last Updated Apr 14, 2021 at 5:44 pm EDT
NASHVILLE Oracle Corporation plans to bring 8,500 jobs and a $1.2 billion investment to fast-growing Nashville, a deal Mayor John Cooper’s office announced Wednesday as unprecedented in the history of Tennessee economic development projects.
Cooper’s office said the Austin, Texas-based computer technology company requested a public hearing for its economic impact plan with the Metro Industrial Development Board. That board and the Metro Council would need to finalize the deal. According to documents provided by Cooper’s office, the project would create 2,500 jobs in Nashville by the end of 2027, reaching the full 8,500 by the end of 2031, with an average salary of $110,000.
Oracle submits plans for $1.2B investment into new Nashville hub, creating 8.5K jobs
Oracle Corporation
and last updated 2021-04-14 13:24:34-04
NASHVILLE, Tenn. (WTVF) â Oracle has announced plans to invest $1.2 billion into a new hub in Nashville.
In approved, the company plans to create 8,500 new jobs in the area by 2031 with an average yearly salary of $110,000. Additionally, over 11,500 ancillary jobs and 10,000 temporary jobs through building, operating and maintaining the proposed campus.
âWe are thrilled that Oracle is ready to make a billion-dollar bet on Nashville,â said Mayor John Cooper. âOracle will bring a record number of high-paying jobs to Nashville and they will pay upfront all the cityâs infrastructure costs. This is a huge win for our city. In an unprecedented deal structure for Nashville, no new debt is being issued and there is no burden on our taxpayers. Oracleâs presence will transform the East Bank, and Iâm equally excit
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