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.
Oracle is coming to Nashville after City Council approved plans to install and new headquarters in Music City.
"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."
Nashville Mayor John Cooper signed legislation that will allow Oracle to begin construction in Nashville.
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.
Several organizations across Nashville rallied together on Wednesday to protest the city’s plan on another big development downtown along the East Bank.