Chief Operating Officer Kate Burke who oversaw the relocation of AB's New York office to Nashville joined former Nashville Mayor Karl Dean on Tuesday, December 8, 2020 at 7pm CT on our "Global Nashville with Karl Dean" Webinar to talk about: the choice of Nashville for its corporate expansion, the company's international operations, and its integration into the fabric of the community. You are invited to join the conversation.
You may have seen the AllianceBernstein (AB) sign go up on the tower rising at Fifth+Broadway. The new permanent downtown offices for AB will complete the investment of $11.4 million and creation of 200 new jobs in Nashville, as noted by "BusinessFacilities.com." The expansion of the global financial firm that has approximately $623 million in assets under management and offices in 25 countries is one of Tennessee's most consequential economic development wins in recent years, according to Governor Bill Lee. He said, "The creation of hundreds of quality jobs will provide tremendous benefits to the entire Middle Tennessee region.”
The importance of the AB investment was echoed by TNECD Commissioner Bob Rolfe who said, "It’s hard to overstate how significant AB’s commitment to Nashville is for our state. Once fully operational, AB will have more than 1,250 employees here in Middle Tennessee, making it one of downtown Nashville’s largest employers. We’re incredibly honored that a company of this caliber has so quickly established deep roots in Tennessee and continues to create extremely well-paying and high-quality jobs in Nashville.”
"AllianceBernstein L.P. (AB) will invest $11.4 million and create 200 additional jobs at its global headquarters in Nashville, TN. The expansion will bring the global asset management firm’s planned investment in Nashville to more than $80 million. In May 2018, the company announced plans to relocate its headquarters from New York City to Nashville and bring 1,050 jobs to Middle Tennessee."
Business Facilities, January 14, 2020