Will Nashville's economy keep booming? Here's what a notable group of entrepreneurs thinks.

March 12, 2019

This article orginally appeared in Nashville Business Journal.

"Amazon and Alliance Bernstein. What else can you say?"

That's what one member of the Nashville chapter of the Entrepreneurs' Organization said when asked why local entrepreneurs are optimistic Music City will continue to grow in 2019. In fact, 50 percent of local entrepreneurs believe Middle Tennessee's economy will improve over the next year, according to a survey conducted by EO Nashville.

Forty-seven percent of respondents think the region's economy will stay the same, while 3 percent think the economy will worsen, according to the survey results.

Their optimism comes as Nashville braces for an influx of new jobs. In 2018, for instance, more than 6,500 new Nashville jobs over the next seven years were announced, with Amazon.com Inc., AllianceBernstein and EY all announcing local expansions.

“Thanks to our diversified economy and the large number of highly educated and skilled people moving here every day, Nashville is well-positioned to experience a strong economy this year," said Eric Jackson, EO Nashville president and Keystone Business Solutions CEO. "However, our members are not as optimistic about the national economy. We’ll have to wait and see."

Thirty-four percent of respondents believe the nation's economy will "get worse" in the coming year, according to the survey results. Fourteen percent of respondents said a Trump administration will negatively impact their business.

EO Nashville consists of 226 members that own or run companies that generate at least $1 million annually. Ninety-eight members participated in the survey, which has a margin of error of 6 percentage points.