The Brief
- Starbucks plans to invest $100 million in Nashville, creating 2,000 jobs over five years with offices opening by 2027.
- The expansion raises concerns about Washington’s business climate, with analysts citing lower taxes and costs in Tennessee.
- Seattle leaders say Starbucks isn’t leaving, but the long-term impact on local jobs and tax revenue remains unclear.
SEATTLE – Washington could lose up to $750 million in tax revenue in the coming years with Starbucks expanding in Tennessee instead of Washington.
The backstory:
Questions are mounting on the economic fallout for Washington as the Seattle-based coffee giant announced plans to invest $100 million in Nashville, adding 2,000 new jobs over the next five years. The company expects the corporate offices to be in operation by 2027.…