Economic Data for Greater Memphis
Meet the Greater Memphis Economic Research Group (GMERG)
Welcome to the Greater Memphis Economic Research Group (GMERG), a thought leadership entity within the Greater Memphis Chamber, instrumental in guiding data-driven decision-making. GMERG, committed to enhancing the region’s economic performance and fostering generational prosperity, manages a portfolio of strategic advisory projects aimed at driving quality job growth and investment in the Greater Memphis area.
Our team excels in leveraging data to align regional stakeholders around key metrics, ensuring a comprehensive approach to economic development. With a focus on delivering insights and innovative research, GMERG serves as a pivotal resource for businesses and policymakers, advancing the region to greater achievements through well-informed strategies and decisive actions.
What We Do
Cost-Benefit Analysis
A systematic evaluation of the pros and cons of a proposed project, policy, or investment, comparing the costs incurred to the benefits gained to assess its overall viability.
Economic Trend Analysis & Forecasting
The examination and prediction of economic trends, such as growth rates, inflation, and unemployment, to anticipate future developments and make informed decisions.
Economic Impact Assessments
Studies that determine the effects of a particular event, policy, or project on the economy, including factors like job creation, revenue generation, and overall economic growth.
Industry Sector Studies
Comprehensive research and analysis of specific industries or sectors to understand their dynamics, challenges, and opportunities, often used for strategic planning.
Labor & Wage Benchmarking
The process of comparing an organization’s labor and wage practices to industry standards and best practices to gauge competitiveness and make necessary adjustments.
Spatial Analysis
The examination of data within a geographic context using techniques such as geographic information systems (GIS) to identify spatial patterns, relationships, and trends.
Benchmarking Greater Memphis
31 indicators across 9 peer cities reveal the region’s strengths and challenges.
Research Publications & Reports Available
Market Industry Reports
Comprehensive reports that provide in-depth analysis and insights into specific sectors or industries in the Greater Memphis MSA. These reports typically include data on market trends, competitive landscapes, growth opportunities, challenges, and key players, offering valuable information for businesses, investors, and decision-makers to make informed strategies and decisions within that industry.
Monthly Jobs Brief
On a monthly basis, GMERG releases jobs briefs sourced from the U.S. Bureau of Labor Statistics (BLS). These reports provide a snapshot of employment trends for the Greater Memphis MSA, including stats on employment and unemployment rates, changes in the workforce, offering a regular and timely update on the state of the local job market in the Memphis area. These briefs are valuable for assessing economic conditions, labor force dynamics, and informing workforce-related decision-making.
Research Services Offered
Labor Shed Analyses provide a comprehensive overview of the labor market in the Greater Memphis MSA, utilizing the U.S. Bureau of Labor Statistics (BLS) and Economic Modeling Specialists International (EMSI). These reports typically include information about labor force demographics, industry trends, commuting patterns, and regional employment statistics. Labor shed analyses are valuable for business, economic development agencies, and policymakers to understand the labor supply and demand dynamics in the Memphis area, aiding in workforce planning and investment decisions.
Business Cost Comparisons are assessments that involve evaluating and comparing the operational expenses of conducting business activities in different locations or under various conditions, typically based on regional comparisons. These comparisons encompass factors such as labor costs, taxation, real estate expenses, utility costs, and other overheads. Organizations use these comparisons to make informed decisions regarding where to establish or expand their operations, ultimately optimizing their financial efficiency and competitiveness.
Business Supplier Lists are carefully tailored and reviewed based on compilation of suppliers or vendors that match a company’s specific needs, preferences, and criteria. GMERG crafts lists based on NAICS, North American Industry Code Classification System. Lists include information about the supplier, contact details, location address, location employment and any other relevant data, enabling businesses to efficiently identify and connect with potential partners or providers that align with their unique requirements. These lists are valuable for streamlining procurement processes and fostering strategic supplier relationships.
Spatial Analysis Reports utilize geographic information systems (GIS) and data to assess and analyze various spatial or geographic patterns, relationships, and trends. These reports provide insights into how different factors, such as population distribution, land use, or environmental conditions, interact within a specific geographical area, helping organizations and researchers make informed decisions related to urban planning, resource allocation, and more.
Labor Market Information Reports provide comprehensive data and analysis on various aspects of the job market, including employment trends, wage levels, job availability, and workforce demographics. These reports offer valuable insights to businesses, job seekers, policymakers, and researchers, helping them make informed decisions related to employment, training, and economic development.
Our Economic Impact Analyses (EIA) services provide a thorough assessment of the economic implications of your projects and initiatives. Utilizing advanced analytical tools and comprehensive data, we evaluate direct, indirect, and induced effects on job creation, tax revenues, and overall economic growth. Our detailed reports offer critical insights for strategic planning, enabling you to communicate your project’s economic contributions effectively to stakeholders. This service supports informed, data-driven decision-making and helps showcase the value of your investments in driving economic development.
To get in touch with our Research Services team, please contact Tecora Murray, Executive Director of the Greater Memphis Economic Research Group.
Tecora Murray
Abby Lature
