1 month ago
9
Oracle is trying to convince reluctant tech workers to join its Nashville, Tenn. “world headquarters” with promises of a brand-new spacious office space and an in-house Nobu restaurant.
A few years after moving Oracle’s headquarters from Redwood City, Calif. to Austin, Texas, cofounder Larry Ellison publicly declared Nashville its “world headquarters.”
“It’s the center of our future,” Ellison, the company’s chief technology officer and former CEO, said in 2024 of Nashville’s increased importance for Oracle.
The company committed $1.2 billion in capital investment over a decade and promised to add 8,500 jobs to the area. The same year, Tennessee state leaders gave the company a $65 million economic grant to “offset costs companies incur when expanding or locating a business” in the state.
As part of Oracle’s development in the city, it tied itself to $175 million in infrastructure improvements such as park space along the east bank of the Cumberland River which runs through downtown Nashville, as well a pedestrian bridge that would link both sides of the river. The company can recoup its investment with reimbursements of 50% of its future property tax payments, the Tennessee Lookout Read Entire Article
English (US) ·