Study: Music industry impacts Nashville in big way - WSMV News 4

Study: Music industry impacts Nashville in big way

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A new study shows that the music industry has an annual economic impact of nearly $9.7 billion on the Nashville region.

The study, conducted by the Nashville Area Chamber of Commerce and released Monday by Mayor Karl Dean's office, also says that the 27,000 jobs directly supported by the music industry and the additional 29,000 jobs with indirect ties to it account for more than $3.2 billion in income.

According to The Tennessean, the new numbers are significantly higher than those Belmont University and chamber researchers found in a 2006 study, which said the industry had a $6.4 billion economic impact and directly supported 19,000 jobs.

"We're in a position to say if you're serious about the music industry, this is the place to be. And if you come to Nashville, you have this great infrastructure and this great concentration, but you also have the benefit of a great quality of life with a low-regulatory, low-tax state and a manageable cost of living," Dean said.

Dean and other officials said the chamber's review was more comprehensive this time around.

Copyright 2013 WSMV (Meredith Corporation). All rights reserved. The Associated Press contributed to this report.

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