published Sunday, July 28th, 2013

Study: Music industry has $9.7 billion impact on the Nashville region

NASHVILLE, — 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 expected to be 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.

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

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