Beyond Paramount: What other industries could be eyeing Nashville?<\/a><\/p>\nHe said the concern is that people who cannot keep up with rising costs could increasingly have to look outside Nashville for housing.<\/p>\n
\u201cFor the rest of the folks that are not as fortunate to make that much money, they will have to find housing elsewhere,\u201d Rivas said. \u201cThat pushes people further and further away.\u201d<\/p>\n
Rivas said he hopes Nashville\u2019s existing residents are also able to financially benefit as the city\u2019s economy grows.<\/p>\n
\u201cMy hope is that regular Nashvillians will also be able to catch up and to be able to afford the city,\u201d Rivas said. \u201cBecause otherwise, if it becomes unaffordable for regular, long-time Nashvillians, well, things are going to change drastically.\u201d<\/p>\n
Davidson County residents weigh the opportunities and concerns<\/p>\n
Those potential changes are also on the minds of some Davidson County residents.<\/p>\n
Kiana Miller told FOX 17 News she is concerned about whether Nashville\u2019s infrastructure and affordability can keep pace with the economic development already happening.<\/p>\n
\u201cI think of the price of living, of course, and how it\u2019s already increasing as we are currently seeing this booming economic development in Nashville specifically, and how it doesn\u2019t seem like the city is really growing as quickly as with that growth,\u201d Miller said.<\/p>\n
She questioned what continued corporate growth could mean for people already living in Nashville.<\/p>\n
\u201cI worry about the economic impact for natives or people that are already here,\u201d Miller said. \u201cWhat is the price of living going to look like? Are people going to be priced out of their homes, out of the apartments that they currently live in?\u201d<\/p>\n
Miller said her concerns also extend to existing small businesses and entrepreneurs trying to establish businesses in Nashville.<\/p>\n
She questioned whether local and state incentives provide the same level of support for smaller businesses as they do when governments compete to attract large corporations.<\/p>\n
But Miller also acknowledged another side of corporate growth: the possibility of higher-paying jobs.<\/p>\n
\u201cIt\u2019s interesting to think that bringing in other corporations, major corporations like Paramount, like you said, could increase the salary base of people that live here,\u201d Miller said.<\/p>\n
Her concern is whether those opportunities will actually reach people who already live in the city.<\/p>\n
\u201cPersonally, I don\u2019t think that it will actually exist in the native people that live here, the people that are currently here,\u201d Miller said. \u201cI think bringing these corporations in will simply bring other people from other places to the city to increase the wages, increase everything economically.\u201d<\/p>\n
Miller said she is unsure whether the arrival of those companies would encourage or provide enough opportunities for existing Nashville residents to pursue the new jobs.<\/p>\n
Another resident worries about higher earners moving in<\/p>\n
Another Davidson County resident, Nancy Stettin, said she believes Tennessee\u2019s reputation as a business-friendly state is one reason companies are interested in moving here.<\/p>\n
\u201cI have a feeling a lot of them are coming because it is what they call a pro-business state,\u201d Stettin said.<\/p>\n
When asked how additional corporate relocations could affect people already living in Nashville, Stettin pointed specifically to the types of workers companies could bring with them.<\/p>\n
\u201cI have a feeling they\u2019re going to be bringing in their own management, highly technical people,\u201d Stettin said. \u201cThese people drive up the cost of housing.\u201d<\/p>\n
The residents\u2019 concerns do not mean those outcomes are certain. How much a corporate relocation affects wages, housing or other costs depends on factors including the number and types of jobs created, who fills those jobs, housing supply and the broader local economy.<\/p>\n
For Nashville, the debate highlights both sides of rapid economic growth: attracting companies can bring jobs, investment and additional economic activity, while residents are also watching to see whether they can afford \u2014 and participate in \u2014 the Nashville that growth creates.<\/p>\n","protected":false},"excerpt":{"rendered":"NASHVILLE, Tenn. (WZTV) \u2014 As Nashville continues attracting major companies and corporate investment, some people who already call…\n","protected":false},"author":2,"featured_media":857896,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-857895","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/857895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=857895"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/857895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/857896"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=857895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=857895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=857895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}