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Economic Opportunity (Mayor's Office)

This administration is committed to developing human capital and expanding economic opportunity to all Davidson County neighborhoods. We must continue efforts to grow the local economy while also ensuring that more residents and communities within Nashville are able to participate in the growth and prosperity of our city. We will continue to recruit and retain businesses that will create new, high-quality jobs for residents. At the same time, this administration will help connect citizens from every part of the county to programs designed to promote entrepreneurship and small business ownership, including enhancing our creative economy and enhancing economic opportunities for minorities.

Housing is an integral component of economic opportunity. The administration is focused on building, funding, and preserving affordable housing options while supporting efforts to prevent displacement and create mixed-income community in Nashville. Mayor Cooper is committed to creating and implementing a substantial 10-year housing plan.

Economic Links and Resources

Programs and Initiatives

Economic and Community Development

Supporting Nashville’s Businesses

The City supports businesses both large and small by expanding on our Healthcare, Financial and Music Industry anchors and encouraging our emerging industries. The City is committed to helping small business owners and entrepreneurs – especially people of color and women - to start and build successful business. We also manage the Industrial Development Board and the Foreign Trade Zone which targets investment in manufacturing and trade.

Workforce Development

The City works in partnership with education, training, and job placement partners to connect job seekers to livable wage careers and support companies find job-ready talent. The City manages a signature youth employment program – Opportunity Now – that provides summer internships and career readiness and personal financial management training to 14-24 year old Nashville residents.

Learn more about Workforce Development

Financial Empowerment and Mobility

Individual and family financial stability is the foundation for building a stable and prosperous life. Free one-on-one professional financial counseling is available to any Davidson County resident through our partnership with United Way and Cities for Financial Empowerment Fund. To schedule an appointment fill out the online form below, and a Counselor will respond with next available dates and times for an in-person visit. Counselors can help you with debt and bill management, personal and household budgeting, credit repair, and opening a bank account.

Financial Empowerment Center Appointment Request

Music and Entertainment

Music in Nashville is a multibillion-dollar industry, supporting tens of thousands of jobs. No other U.S. city is so linked to music production and performance as an identity, and none has as broad a base of genres involved at so many industry levels. As a key economic driver for the area, the Mayor’s Office of Economic and Community Development is a resource for entertainment of all varieties, assists with permit fast-tracking, and supports the equitable growth of the creative economy.

The Music City Music Council (MC2) is an association of business leaders charged with developing strategies toward heightening the awareness and development of Nashville’s worldwide reputation as Music City.

The organization focuses on:

  • helping entertainment-related businesses, conferences and award shows expand or relocate to Nashville,
  • providing opportunities for the creative class to thrive and be successful,
  • and workforce retention strategies for entertainment talent in the region.

Affordable Housing

Basics

Housing is considered affordable for a particular family or individual if it costs equal or less than 30% of their income. For example, for a family that has an income of $60,000 annually, housing that costs $18,000 per year ($1500 per month) would be considered affordable. Affordable housing specifically caters to individuals and families that make less than 80% AMI. Workforce housing caters to individuals and families that make between 80-120% AMI. Nashville utilizes a number of tools and works with partners at the local, state and federal level to support affordable and workforce housing production throughout Davidson County.

Learn More about Housing Basics

Barnes Housing Trust Fund

In 2013, Metro Nashville created its first housing trust fund to leverage affordable housing developments countywide. Named after Reverend Bill Barnes, a longstanding advocate for affordable housing and the deconcentration of poverty, The Barnes Fund makes competitive grants to nonprofit housing developers to increase affordable housing options for Nashvillians. Grants include funding for renovation or construction of affordable homeownership and rental opportunities and other supportive efforts to encourage affordability.

Housing Incentives Pilot Program

The Housing Incentives Pilot Program (HIPP) is designed to motivate private developers to incorporate affordable and workforce units into their apartment, condo, or housing developments. This voluntary program encourages more mixed-income housing, primarily in the urban core and along major pikes and transportation corridors where it is needed the most.

MDHA Partnership

The Metropolitan Development & Housing Agency (MDHA) administers federal block grant funds including Community Development Block Grant (CDBG), HOME Investment Partnership Program (HOME), Emergency Solutions Grant (ESG), and Housing for Persons with Aids (HOPWA) program on behalf of Metro Nashville. Additionally, MDHA administers the Nashville Continuum of Care and as Nashville’s PHA, owns/maintains over 5,400 public housing units and administers the Rental Assistance Vouchers program for Nashville and Davidson County.

Private-Public Partnerships

In April 2016, the Mayor's Office announced the first private-public partnership on Metro-owned property at the intersection of 12th Avenue South and Wedgewood Avenue. Metro will maintain ownership of the land and the developer plans to construct 170 workforce housing units with rents ranging from $750 to $1500.

Homelessness

The Mayor’s Office works closely with the Homeless Impact Division; Metro’s planning and coordinating entity that brings advocates, nonprofit organizations, for-profit business leaders, government agencies, and the general public together to collaborate on solutions of homelessness in Nashville.

Homelessness Planning Council’s Strategic Community Plan