Page 1 - Murfreesboro, TN Comprehensive Plan: Chapter 7, Economic Development
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Economic Development            7.1


                                                                                                  DRAFT 12.02.15



                  MURFREESBORO



                                        2035















                                 Our Future Begins Now


                  Introduction







                  This Chapter discusses policies and programs to grow
                  and diversify the City’s economy. It includes specific
                  recommendations intended to expand the tax base,
                  promote new capital investment, grow jobs, increase
                  household wealth, and support the attraction and formation
                  of new businesses. The recommendations are made with
                  the understanding that Murfreesboro’s economy is a part
                  of a much larger regional economic system, the overall
                  performance of which will directly affect the City’s local
                  economy.
                                                                                 TOPIC: NEEDS AND OPPORTUNITIES
                  Like other fluid systems such as transportation and energy,
                  Murfreesboro’s economy does not exist in a vacuum. It is       “A business incubator in our city
                  dynamic, interdependent, and constantly in-flux. It doesn’t
                  adhere to municipal boundaries and is driven by internal as    could spark great interest in our
                  well as external forces. For this reason, the City’s economic   community from an economic and
                  development policies and programs should be established
                  and implemented within a regional and even global context      entrepreneurial standpoint, bringing
                  with the understanding that, “What is good for the Metro
                  Nashville region is good for Murfreesboro and vice-versa.”     educated and diverse people from

                  Throughout the public involvement and stakeholder input        across the country and the world to
                  process it was stated repeatedly that Murfreesboro needed      our city.”
                  to do more to attract more professional white-collar
                  employment.  Such a specific target requires a specific
                  strategy using very different tools and programs than say, a
                  strategy focused more on industrial development or logistics.
                  A professional jobs-leaning strategy will likely require more
                  up-front public infrastructural investments in things such
                  as public space, downtown regeneration and education –
                  things that attract people as well as companies instead of
                  trying to compete exclusively on cost or ease of entry.
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