Global financial services giant UBS will open a new facility downtown, creating 1,000 new jobs.
More from the Post, on today's announcement:
Gov. Bill Haslam and Mayor Karl Dean joined officials from UBS Wednesday morning to announce that the global financial services firm will be establishing a Business Solutions Center in Nashville, which will create 1,000 new jobs and represent a $36.5 million investment.
Speaking to reporters after the announcement, Haslam and Dean confirmed that economic incentives will be part of the deal for the facility, which will support the company's wealth management and investment banking decisions.. The state will offer UBS a Fast Track grant while Metro will kick in a per-job credit for the company, which plans to add the jobs over a period of five years. Both said the details of the respective packages are being finalized.
"We always say, companies have a choice where they locate," Haslam said during his prepared remarks. "And when a brand and company like this chooses Nashville and Tennessee, it speaks volumes about what is happening here."
The location of the center is yet to be announced, although previous reports have put it at the Regions Center. Dean noted in his remarks that the jobs will pay "well above the average wage for our region."