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Economics: Nashville Music Industry
Mon July 29, 2013
Economic Impact Of Nashville Region's Music Industry
The Nashville Area Chamber of Commerce is releasing a study outlining the economic impact of the music industry on the region.
The Tennessean newspaper reports that according to that study, the music industry has an annual impact of $9.65 billion on the Nashville region. It also directly supports about 27,000 jobs and indirectly supports another 29,000 jobs.
The study also says that relative to the city’s size, there are more than four times as many music industry jobs in Nashville as there are in Los Angeles, New York City, and Austin, Texas, combined.
Area music executive Randy Goodman and Nashville Mayor Karl Dean are co-chairs of the Music City Music Council, which commissioned the study. Dean says he’ll use the new data to help lure businesses to the region.