Oracle The company is trying to convince reluctant tech workers to join its “world headquarters” in Nashville, Tennessee, with the promise of 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, co-founder Larry Ellison publicly declared Nashville its “world headquarters.”
“This is the centerpiece of our future,” Ellison, the company’s chief technology officer and former CEO, said in 2024 of Nashville’s growing importance to Oracle.
The company has pledged to invest $1.2 billion over ten years and pledge to add 8,500 jobs to the region. That same year, Tennessee leaders awarded the company $65 million in financial aid “Offset costs incurred by a company in expanding or establishing operations in the state.”
As part of Oracle’s growth in the city, it’s tied to $175 million in infrastructure improvements, such as park space on the east bank of the Cumberland River, which flows through downtown Nashville, and a pedestrian bridge connecting both sides of the river. The company can recoup its investment by repaying 50% of future property taxes, TEnasi Observation Deck report.
Don Watson, Oracle’s senior vice president of global real estate and facilities, previously said in a statement that the new office statement It will “position Nashville as a hub for artificial intelligence innovation” and will include 2 million square feet of office space and amenities like the upscale Nobu chain of restaurants, which Ellison owns Included in his properties from Palo Alto, California to Florida and Lanai, Hawaii.
Oracle is reportedly offering tens of thousands of dollars in incentives to some current cloud employees in other cities to encourage them to move to Nashville, according to Bloomberg.
Oracle did not immediately respond wealthRequest for comment.
However, generous incentives and future well-appointed offices only get the company so far. Only about 800 employees are assigned to Bloomberg’s Nashville office reportciting documents, compared with more than 5,000 in the health records company’s base in Kansas City, Mo. Serna The company was acquired in 2021. Another 5,000 employees are located in Redwood City and Austin. The company’s net growth in Nashville will be just seven employees in 2025, nashville business journal report.
Nashville employees are reportedly reluctant to move to Nashville because the city’s geographic salary range is lower than California’s, so there could be a cap on future salaries, Bloomberg reported. Oracle plans to create 8,500 jobs in Nashville by 2031, with an average annual salary of about $110,000, according to the company. Press release Beginning in 2021, the Nashville Mayor’s Office will be responsible.
“Oracle will bring a record number of good-paying jobs to Nashville, and they will pay all of the city’s infrastructure costs upfront. This is a huge win for our city,” then-Nashville Mayor John Cooper said in a statement.
When reached for comment, the Nashville mayor’s office mentioned wealth Nashville East Shore Development Authority, The project was created in 2024 to “encourage and promote the rapid and orderly development of the East Bank,” where Oracle’s new offices will be built.
“We remain eager to do everything we can to facilitate the construction of the new campus that has been publicly announced, and we believe Nashville will only continue to grow as a center for advanced technology and related industries in the coming years,” a spokesperson for the Nashville East Shore Development Authority said.
Still, workers are wary of committing to a headquarters that exists primarily on paper. The company’s Austin location is still listed as its address SEC Filingsand the “US Field Offices” listing on Oracle’s website website Still lists Austin as its “world headquarters.”
This story was originally published on wealth network