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Tennessee- A Great Place to Live, A Great Place to Invest.
❖ Tennessee
➢ Ranked #6 in the Nation–”Moving to” (Forbes-01/2023)
➢ Ranked #8 “Best State to Live in for 2023” (Moneyrates.com)
➢ Ranked #7 in the Nation-”Moving to” (News Nation 2021)
■ No State income taxes
■ Property taxes are low
■ Hospitals are top notch
■ Schools & Universities are highly ranked
■ Incredible music scene/food and dining are world class
➢ California Ranked #1- “Top States People are Fleeing” (Forbes-Jan 2023)
➢ Unemployment – 3.2%-down from 5% in 2021(Dec 2022)
■ #6 Best State for Business 2022 (World Economic Forum-08/2022)
■ #7 Best State for Business (Forbes-Jan 2020)
■ #5 Best State for Business Climate (Forbes-Jan 2020)
➢ Top Companies (existing)
■ FedEx, HCA Healthcare, Dollar General, AutoZone, Cracker Barrel
➢ New Companies Coming to Market
■ Ford Motor to launch the largest single investment in TN history- Construction of a new plant to produce electric truck & electric vehicle batteries. 4,100 acres, $5.6 billion, onsite production to begin in 2025, 6000 direct jobs & estimated jobs with the construction of the plant- 20,000-30,000 ( Governor Bill Lee-9/2021)
❖ Nashville
➢ Top Companies (existing)
■ Asurion, HCA Healthcare, Nissan North America
■ Nashville- At top of hottest US job markets (Wall Street Journal)
➢ New Companies Coming to Market
■ Oracle purchased 60 acres of Nashville Riverfront for $254 million- Oracle will invest $1.2billion to establish its 2nd headquarters- approx 8500 employees.
■ Galaxy Studios announced a $950,000 investment to establish a new video game development studio (WKRN Feb 2022).
■ McNeilis Truck & Manufacturing announced a $50mm investment to build a plant in Murfreesboro (Aug/2022-Nashville business journal)
➢ Nashville ranked #4 in the US for building new homes (TN Realtors-June/2022)
➢ Nashville ranked #5 “predicted” for hottest Real Estate markets for 2023 (Zillow.com-2023)
➢ Announcements & Expansions
■ New Professional Tennis Facility to be built in Spring Hill
● Working with USTA
● 200 acres-mixed use development centered around a major tennis complex
● One year economic impact could be $20+ million (Tenn Realtors Digest-Aug 29, 2022)
➢ Franklin TN – 20 miles south of Nashville
■ Population – 85,469
■ 7th largest city in TN
■ Medium income-$100,500
■ Voted #8 best place to live in America- Money Magazine-2020
■ In-N-Out Burger to base new corporate hub in Franklin- $125mm investment to the state (The Tennessean -Jan 2023)
➢ Mount Juliet TN – 10-15 minutes outside of Nashville
■ Population – 40,766
■ Largest shopping complex between Nashville and Knoxville
■ Highest medium income in TN
■ Voted #22 best place to live in America- Money Magazine-2020
❖ Clarksville
➢ 2022 Population- 173,167
➢ 5th largest City in Tennessee
➢ Unemployment Rate – 3.6%-down from 4.1% (U.S. Bureau of Labor Statistics-March 2022)
■ Fort Campbell KY / TN (kcma.ky.gov)
● 27,100 – Active Duty
● 50,812 – Family Members
●70,445 – Military Retirees
● 93,036 – Retiree Family
● $10.1B – Economic Impact in TN
● 5,000+ Soldiers a Year Transition to Private Sector- 31% Stay Local.
● 2nd Largest Military Base in the US
● 70% of Military lives off post
● BAH – Basic Allowance for Housing- 9.1% increase in 2022
◆ https://www.fortcampbellhousing.com/bah-rates
◆ Https://www.defensetravel.dod.mil/site/bah.cfm
● 2023 Fort Campbell BAH Rates increased by 17.6% from 2022-(FortCampbellhousing.com)
■ Top Companies (existing)
● Florim, Jostens, American Standard and Bridgestone Metalpha USA
● Amazon to open new fulfillment center- $100million- 500 jobs. This will be the 10th fulfillment and sortation center in Tennessee.
➢ Housing Conditions 2022
■ Named 2022’s Hottest Zip Code (opendoor.com-Jan 2023)
■ Ranks #1 hottest housing market Nationwide (opendoor study-Jan 2022- Clarksville now). Ranked #1 hottest zip code in the Nation for the second time-June 2022-WKRN.com.
■ CAR(Clarksville Association of Realtors)– inventory approx 1232- 01/2023 (Down 8% YTD)
● Property Sold Price – down 2.8% at $308,572
● Average List Price up 8% at $362,732
● DOM at 33 ( Clarksville Association of Realtors-10/2022-down 2.3%)
● Clarksville/Montgomery County listed 4th in the Nation for Talent Attraction.
➢ Announcements and Expansions 2021-2022 (Clarksville Industrial Development Board)
■ Business Expansion
● Amazon – 500 Jobs
● Microvast – 287 Jobs
● LG Electronics – 334 Jobs
● Fed-Ex distribution center-250 jobs (end of 2022)
● LG Chem to locate its 1st US Factory in TN- East of Exit 4 in Clarksville. This will be a $3.2Billion plant on 420 Acres; 850 new jobs with 200 jobs with salaries >$100,000. (Clarksvillenow.com-Dec2022)
■ Community Expansion (Pending)
● 307 Acre – Mixed Use Development (Main St, Nature Preserve, Performing Arts, Sports & Entertainment.
◆ Killebrew rezoning OK’d by County Commission, bringing 1,300 units to 300 acres on Rossview Road | ClarksvilleNow.com
◆ Dec 2022- 1st phase of “now” 423 acre development includes a new campus for Clarksville Christian School.
➢ 98,900 sqft of retail restaurant and entertainment space.
➢ 28,000 sqft of office space.
➢ 38,760 sqft for additional educational facilities.
➢ 156 units of single family, townhome and multi-family residence.
● F & M Bank Arena -Downtown (Capacity 6000-10,000)
● Performing Arts- Downtown (Capacity 500)
➢ Clarksville named Best Place to Live in America- Money Magazine-Sept 2019.
➢ Clarksville named Best Place to Retire in TN –Investment U- Jan 2020.
Visit us at: www:thewebstergrouphomes.com
● This report contains data and information that is publicly available and/or licensed from third parties and is provided to you on an “as is “ and “as available” basis. The information is not verified or guaranteed. Neither this report nor the estimated value of a property is an appraisal of the property. Any valuation shown in this report has been generated by use of proprietary computer software that assembles publicly available property records and certain proprietary data to arrive at an approximate estimate of a property’s value.
