NASHVILLE, TN (WSMV) - State leaders unanimously approved a $65 million economic grant for Oracle to come to Nashville.

The grant comes from the state's "Fast Track Economic Fund" and acts as a "trade-off" to help offset costs of building their $1.2 billion headquarters in Music City in exchange for bringing in nearly 6,000 jobs.

Oracle laid out its final pitch to Nashville on Monday night before Metro Council votes on incentives that would bring the tech company to Music City.

Mayor John Cooper said that Oracle's move to Nashville is exciting. Still, he said his focus is on how this major job announcement will shape our future generation of Nashville.

"Biggest private investment ever. Thousands of jobs. Thousands of digital jobs. It's flattering that they're here," Cooper said. "Now the city needs to get ready for it, not only with infrastructure but also with education so that our kids participate in the digital economy going forward."

The software company announced earlier this year that they would be moving their headquarters from California to Nashville. They bought 60 acres of the "East Bank" land across from the Cumberland River downtown for $254 million to build their new campus. is now with you on the go! Get the latest news updates and video, 4WARN weather forecast, weather radar, special investigative reports, sports headlines and much more from News4 Nashville.

>> Click/tap here to download our free mobile app. <<

Copyright 2020 WSMV (Meredith Corporation). All rights reserved.

Meteorologist / Reporter

Melanie Layden is the weekend morning meteorologist at WSMV. She also has a segment during the week called "Growing Nashville" where she covers the growth of Music City. Melanie has been Working 4 You since 2014.

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.