Nashville Radio: iHM Commits To 180 Digital Jobs

iHeartMedia is committing to create 180 jobs in downtown Nashville, in exchange for a state grant approved last month.

The Nashville Business Journal reports the state Funding Board unanimously approved a $1.25 million grant to iHeartMedia + Entertainment Inc. for jobs to be based at its 40,000-square-foot office at the 1200 Broadway tower.

1200 Broadway Tower

The company was finalizing a lease as the Covid-19 pandemic erupted across the nation in early 2020. At the time, iHeartMedia was billing it as a "second headquarters" for its digital division.

The jobs will pay an average wage of $51.82 an hour, according to state records.

The state grant equals 44% of the $2.85 million iHeartMedia is spending on its expansion in Nashville. The grant will be used for "building retrofit, fixture improvements, lease payments and tenant improvements," according to state records.

iHeartMedia is a tenant at 1200 Broadway, which also includes apartments and a Whole Foods Market. The project was developed by Austin-based Endeavor Real Estate Group.

iHeartMedia agreed to create the 180 jobs within five years, and agreed to clawback provisions if it fell short of that target by that time (typically, that threshold is set at 80% or 90%).