Memphis Business Journal is the basis for local business news, investigation, and events in the Memphis metropolitan area. And, you’ll notice that you can access 43 local business journals owned by our parent company, American City Business Journals, and other Business Journals products with more information for the busy businessperson.
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Is Memphis Business Journal Good for Business?
And if that isn’t enough, Memphis is home to some of the most substantial companies and workforces in the world. Several companies included on the Forbes list of best companies to work for — FedEx, Nike, St. Jude, and others — employ thousands of Memphians. The city is filled with opportunities.
Is the Business Journal legit?
The Business Journals is known for publishing its annual Forty under Forty Award and Best Places to Work Award. Headquartered in Charlotte, North Carolina, In addition, the ACBJ is part of Advance Publications, Inc. The site records approximately 11.5 million visits per month.
What is the most significant industry in Memphis?
Top Industries in Memphis
- Transportation & Warehousing.
- Health Care & Social Assistance.
- Retail Trade.
- Educational Services.
- Accommodation & Food Services.
- Administrative & Support & Waste Management Services.
What industry is Memphis Business Journal known for?
Industrial. Transportation. Warehousing still lead
With the Memphis metro area well established as a manufacturing and logistics hub. it’s not surprising that those and other related industries not only contribute significantly to local growth but also outperform national growth.
While the United States low-cost has grown at a rate of 2.2%, the Memphis. The economy has seen growth too — it’s just stayed a little gentler.
Growth Of Memphis Commercial Rate
Memphis’ 1.2% commercial growth rate was discuss at the Superior Memphis Chamber’s second annual State of the Superior Memphis Low-cost breakfast Tuesday a.m. at Memphis Botanic Garden.
“In history, the regional low-cost has never grown faster than the U.S. average,” said Charles S. Gascon, regional economist for the Federal Reserve Bank of St. Louis, in his keynote address. “At the same time, it’s highly link with the national average. So when the U.S. low-cost does well, the local low-cost does well.”
Here’s what you need to distinguish about what factors are contributive to local commercial growth:
Industrial. Transportation. Warehousing still lead in Memphis Business Journal
With the Memphis metro area well-established as a trade and logistics hub, it’s not surprising that those and other connected industries not only contribute suggestively to local growth . For also outperform national growth.
Industrial, for example, has held a 14% share of Memphis’ financial growth since 2011. However, the trade made up about 12% of national economic growth, according to Gascon.
Transport and warehousing had an even wider margin. While one accounting for 2.9% of the nationwide economy. That industry was accountable for 9.4% of Memphis’ economy.
Other trades also out-performing national growth are arts and entertainment. Healthcare, retail trade, and wholesale trade, data compiled. By the St. Louis Fed showed.
Working-age People Leave-Taking Memphis
Economic growth can be foreseen by how many people are joining the workforce and how creative they are, Gascon said.
Population trends show that though people gather in cities. In addition, Like Nashville and Austin from additional parts of the county, Memphis is not seeing the same infusion of new residents from other towns. At the same period, many working-age people already in Memphis are leaving for additional urban areas.
About 0.5% of latent growth is lost because of migration out of the city, Gascon said. Totaling that there is a chance for that to turn around as trends also show that large cities like New York and Miami. It is also behind population as workers move to smaller and more affordable metro areas.
A High Birthrate Could Mean a Future Fiscal Boom
Though it doesn’t do much to boost-today’s low-cost. One factor that could be a significant boon in the future is the birthrate in Memphis. Which outperforms the national birthrate.
In most cities, adults have fewer broods. But in Memphis, more residents are flattering parents. That means as those children develop adults. There will naturally be a larger workforce in Memphis than in similar-sized capitals.
That could mean more efficiency and more economic growth for Memphis’ future. Gascon said.
Memphis People in Business: Aug. 4, 2022
Dr. Matthew W. Wilson was call for the Barrett G. Haik Endowed Chair for the Department of Ophthalmology in the College of Medication at the University of Tennessee Health Science Center and manager of the Hamilton Eye Institute. He began his new roles in June. He has aided as the acting chair of the UTHSC Department of Ophthalmology since April 2021. And vice chair of Academic Affairs for the department since 2013.
Operation Of Memphis
Mimi Lindberg has combined Commercial Bank and Trust Company as a credit analyst in its Memphis operations. She conventional her Single of Business Administration in Managerial Finance from the University of MS and this year graduated from the Barret School of Investment in Memphis. Lind-berg is joining the CBTC team with four years of knowledge as a credit analyst.
Moreover, Harris Shelton Hanover Walsh declared the expansion of its eminent area practice area, led by attorneys J. Kevin Walsh and Kannon Conway. In addition, The firm has the difference of having the only Tennessee member and an associate member of Owners’ Advice of America, a nationwide network of leading eminent domain lawyers. For more than 40 years,. Walsh has advised clients on outstanding domain procedures. While working to protect their best interests and constitutional rights. He is a Tennessee member of Owners’ Counsel of America, the only lawyer in the state to hold that position.
The Economy of Memphis, Tennessee
Situate on the Mississippi River, the urban area of Memphis is one of the largest in the Southeastern United States, ranking 42nd in the United States giving to the 2010 census. The town has historically been one of the largest shipping hubs in the Mid-South. Dating back to the Civil-War. When the port was one of the main on the MS River and served as a shipping hub for the Confederacy.
Moreover, As transportation procedures developed, Memphis has continued to serve as a transport hub. Now the city is homebased to the second largest cargo airport in the world, Memphis International Airport, and the world’s busiest domestic airport with 3.9 million metric tones. Memphis International Airport and Memphis have had a massive meaning in the rail-road industry. The city has the 3rd main rail center in the U.S., behind Chicago and St. Louis. It is also 1 of only four U.S. Cities with five Class 1 railroads.