(Originally posted February 18, 2016 by Williamson, Inc. Click HERE
for direct link.)
FRANKLIN, Tenn.—Williamson County is growing exponentially, the residential and commercial real estate market is booming and residents are healthier, more generous and have significantly more access to technology, according to a data analysis
by Franklin-based market research firm Alcott Whitney. These and other key findings will be published in the 2016 Williamson County Trends Report
, set to be released at Outlook Williamson taking place Tuesday, March 15, 7:30 to 11 a.m. at The Factory at Franklin, located at 230 Franklin Road.
Outlook Williamson, presented by Skanska, is a half-day economic forum that will feature three 45-minute sessions with industry-leading experts and developers, providing an in-depth picture of Williamson County’s economy and using the latest emerging trends, growth projections and statistical data.
“Skanska is proud to be the presenting sponsor for this year’s Outlook Williamson event,” said Skanska’s Executive Vice President and General Manger Joey Hatch. “Williamson Inc. provides invaluable business resources for a wide range of companies—from global businesses to emerging start-ups—and continues to play a vital role in Williamson County’s thriving business community. We look forward to continuing our partnership and engagement with Williamson Inc. and our fellow chamber members.”
The Trends Report—a 30-plus-page statistical summary produced by Williamson, Inc. Economic Development in partnership with Alcott Whitney—reveals habits and trends of Williamson County, including everything from the workforce, business climate and demographic breakdown to education, housing, transportation, health and wellness, and charitable giving.
Here are some highlights from the report:
- Williamson County is predicted to have more than half a million residents by 2040, which is more people than any other Tennessee county today, except for Shelby and Davidson.
- Over the next decade, tech jobs will be on the rise, and the economy will grow by nearly 146,000 jobs.
- The average time a home sits on the market is 54 days, and there are an estimated total of 2,742 vacant housing units available in the area.
- County residents are in optimal health, having fewer sick days and more access to health care compared to peer counties around the country.
- Williamson County has one of the highest charitable giving ratios in the United States, meaning that residents here give a much higher percentage of their gross adjusted income than is typical.
- In terms of in-migration, 17 percent of non-native residents are likely to come from India, contributing to a more diverse population.