UBS bringing 1,000 jobs here

Gov. Bill Haslam and Mayor Karl Dean joined officials from UBS Wednesday morning to announce that the global financial services firm will be establishing a Business Solutions Center in Nashville, which will create 1,000 new jobs and represent a $36.5 million investment.

Speaking to reporters after the announcement, Haslam and Dean confirmed that economic incentives will be part of the deal for the facility, which will support the company's wealth management and investment banking decisions.. The state will offer UBS a Fast Track grant while Metro will kick in a per-job credit for the company, which plans to add the jobs over a period of five years. Both said the details of the respective packages are being finalized.