Tennessee Gov. Bill Haslam, Department of Economic and Community Development Commissioner Bob Rolfe and Ernst & Young LLP (EY) officials announced today that the global professional services firm will invest more than $20 million to establish a facility to deliver tax managed services for clients and tax technology operations in Nashville. EY expects to create more than 600 jobs over the next five years.
“EY’s decision to create hundreds of technology and service delivery jobs in Nashville affirms our ongoing efforts to bring high quality jobs to Tennessee,” Haslam said. “Tennessee’s pro-growth policies continue to attract leading international businesses to our state. I’d like to thank EY for making this major investment in Middle Tennessee and bringing us one step closer to making Tennessee the top state in the Southeast for high quality jobs.”
“Tennessee is a growing home for major international businesses, particularly in the tech sector,” Rolfe said. “Since 2013, the number of tech jobs in the Nashville region has increased by almost 30 percent, far outpacing the national average. Thank you, EY, for this significant investment in Middle Tennessee. These are exactly the kind of high quality jobs we want in Tennessee."
EY is expanding its presence in Nashville with the opening of the new EY Exceptional Delivery Growth Engine (EDGE) Center, which will include software development, design and testing, as well as professionals delivering technology enabled tax managed services for clients. A leading practice in Nashville for decades, the establishment of the EY EDGE Center delivers on EY’s purpose of building a better working world for its clients and communities.
“Nashville is a growing city with a vibrant economy that will provide an opportunity for EY to build more centralized resources to deliver tax managed services enabled by leading-edge technology and client platforms,” said Joe Hogan, EY Americas Tax and Finance Operate Leader. “The opening of the EY EDGE Center will further enhance our ability to bring to our clients leading practices that will help with their business needs as the demand for technology enabled alternative sourcing models in tax increases.”
“EY EDGE represents our focus on delivering high quality managed services to our diverse clients,” said Dan Thibault, Leader, EY EDGE. “We anticipate opening in August 2019, and the center will occupy over 60,000 square feet on two floors in a new office location on Music Row. It is expected to house over 600 employees, including 200 technology and 400 tax delivery professionals to support the delivery of tax services outsourced to EY by our clients.”
Amazon will invest over $230 million to establish a new Operations Center of Excellence in downtown Nashville.
As part of Amazon’s investment, the company will create 5,000 high-paying jobs in Davidson County, representing the single largest jobs commitment made by a company in Tennessee’s history.
“This is a game changer for Tennessee. The ripple effect of Amazon’s decision to invest $230 million in our state and create 5,000 high-paying jobs in downtown Nashville will be felt for years to come,” Haslam said. “Amazon has spent the past year searching the nation for the best possible locations to expand and it chose Tennessee because of our business-friendly policies, low taxes and skilled workforce. I thank Amazon for its continued investment in Tennessee.”
“Amazon has been a valued partner in Tennessee for a number of years and is currently home to six facilities across our state employing more than 6,500 Tennesseans,” Rolfe said. “Today’s announcement is a tremendous win for Nashville, Davidson County and Middle Tennessee. We are incredibly grateful to Amazon for selecting Nashville for its Operations Center of Excellence, and I look forward to the considerable impact these jobs will have on the citizens of our state.”
“We are looking forward to joining the community and are excited to be creating high-paying jobs in Nashville. Our new Operations Center of Excellence will become the Eastern U.S. hub for our Retail Operations division,” said Holly Sullivan, Amazon Public Policy.
Amazon has five fulfillment and sortation centers in Tennessee located in Charleston, Chattanooga, Lebanon, Murfreesboro and Nashville, as well as one Prime Now Hub in Nashville.
Amazon will build its Operations Center of Excellence in Nashville Yards, a 15-acre, mixed-use development in downtown Nashville. The one million square foot office space will house the tech and management functions of Amazon’s Retail Operations division, including customer fulfillment, customer service, transportation, and supply chain, amongst others.
“This is fantastic news for the city. Nashville continues to prove itself as a desirable destination for businesses and, in turn, as an economic leader in our country,” Nashville Mayor David Briley said. “Amazon’s decision to put 5,000 high-paying jobs right in the heart of Nashville further underscores our city’s vibrancy and is a direct nod to our talented workforce and overall financial health. Today’s announcement is also a testament to the strong relationships we have with the State, TVA and the Nashville Area Chamber of Commerce, who were all instrumental in this agreement.”