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.