UBS to invest $36.5 million and create 1,000 jobs in downtown Nashville
UBS, one of the world’s largest banking and financial services companies, announced today that the company will invest $36.5 million and create 1,000 new jobs in Tennessee, specifically in downtown Nashville.
“Expanding our presence in Nashville is the right business decision for UBS,” said Kathleen Lynch, chief operating officer, UBS Group Americas and Wealth Management Americas. “The new UBS Business Solutions Center is part of our global strategy to continuously improve our efficiency and effectiveness for the benefit of our clients and shareholders.”
“It is exciting that UBS – one of the world’s largest banking and financial services companies – is making this significant investment in Tennessee,” Haslam said. “We are grateful for the high-quality Tennessee jobs the company is creating. Companies can choose to do business anywhere in the world, and it says a lot for Tennessee and Nashville that UBS wants to be here.”
Bordering Nashville/Davidson County to the west, Cheatham County is an integral part of the Nashville MSA. UBS’s downtown expansion will be only be 20.4 miles from the Cheatham County Courthouse in Ashland City, which is close to the center of the county.
About Daryl Phillips, CEcD
I am a professional economic developer. I presently work for communities and companies in developing and implementing workforce and economic development solutions as CEO of Phillips Economic Development Solutions (Phi EDS).
Prior to September 2017, I was the economic development professional who served a community team of elected officials, business people, community leaders and dedicated stakeholders for economic development in Cheatham County, Tennessee (pop. 39,880) and its four towns. During my five-year tenure, I served the team as Cheatham County grew over 1,700 jobs, turned around population declines at the start of this decade into healthy population growth, increased tourism expenditures 20.3% and local tax revenue from tourism 25.4%, grew sales tax revenue 36%, focused on developing the local workforce and was recognized by SmartAsset as having the 9th highest Incoming Investment Index of all the 95 counties in Tennessee.
I am a member of International Economic Development Council, Southern Economic Development Council, Tennessee Economic Development Council and International Council of Shopping Centers.
I have earned the designation of Certified Economic Developer (CEcD) from International Economic Development Council (IEDC), the Economic Development Finance Professional (EDFP) certification from National Development Council and hold a Master of Business Administration from Tennessee Technological University.