Largen: HCA moving 650 jobs to Nashville is not all bad news for Williamson County
By Skip Anderson, For the Williamson Herald
When Hospital Corporation of America relocates Parallon Business Solutions, a Franklin-based subsidiary, to Davidson County in 2015, 750 jobs will leave Williamson County. But the news is not as bad as it might sound, according to Matt Largen, director of Williamson County's Office of Economic Development.
“These things happen all the time; companies go across borders and pull jobs with them,” said Largen, who will head the newly unified Williamson County Chamber of Commerce in January. “The good thing for us is that it likely doesn't change where people are going to live.”
HCA officials said in a statement that Parallon and the Sarah Cannon Research Institute, another HCA subsidiary, will relocate to two 20-story towers on Nashville's West End Avenue currently under development. The release said the two companies will eventually employ nearly 2,000 people, and that the development represents a private investment of more than $200 million in Davidson County. According to Largen, Davidson County provided $66 million in incentives over 20 years to facilitate the deal.
“The value of that deal alone is equivalent to what Tractor Supply Co., is spending on its new headquarters in Brentwood,” he said. “I don't know why a company wouldn't take a deal like that.”
In September, Williamson County partnered with Brentwood to offer $2 million in tax incentives to encourage Tractor Supply Co., to build a new, 260,000-square-foot corporate headquarters in Brentwood.
Largen said the deal offered to HCA was so strong, that it was not practical for Williamson County to offer a competing package.
“As far as incentives go, it's aggressive,” he said. “And it is part of a larger plan [Davidson County] wants to see with Palmer Plaza.”
Largen also said that the move opens up much needed office space in the Cool Springs area.
“This is not considered a blow,” he said. “There's a 5 percent office vacancy rate [in the Cool Springs area], so this gives existing companies room to grow, to expand, and to stay in Williamson County.”
According to the materials provided by HCA, it is ranked 94th in Fortune 500 companies and, as of 2011, employed 198,000 people.
Posted on: 12/12/2012