Greater Memphis Chamber

Greater Memphis Chamber Wins Prestigious 2024 Deal of the Year Award from Business Facilities

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MEMPHIS, TN. Tuesday, January 7, 2024 –  The Greater Memphis Chamber has been awarded the prestigious 2024 Bronze Deal of the Year Award by Business Facilities magazine for successfully attracting xAI’s Gigafactory of Compute to Memphis. This groundbreaking project, led by Elon Musk’s artificial intelligence company xAI, represents a $12 billion investment in the region and solidifies Memphis’ position as the Digital Delta.

The award recognizes the Chamber’s exceptional work in securing one of the most significant technological investments in the region’s history. xAI’s facility will house the world’s largest supercomputer, marking a transformative moment for Memphis’ growing technology sector.

“This recognition fromBusiness Facilities affirms Memphis’ position as America’s Digital Delta,” said Ted Townsend, President & CEO of the Greater Memphis Chamber. “When we submitted this project in November 2024, we knew it showcased how cities like Memphis can compete and win in the global technology sector. Our strategic advantages prove that the future of artificial intelligence doesn’t just belong to the coasts – it belongs right here in Memphis.”

The Business Facilities Deal of the Year Awards are highly competitive, recognizing the most impactful economic development projects across the nation. The 2024 awards particularly highlighted the surge in data center investments and technological advancement, with xAI’s project standing out for its innovative approach and substantial economic impact.

“The rapid evolution of artificial intelligence (AI) and the demand for technology capabilities overall spurred significant investment in data centers throughout 2024,” said Anne Cosgrove, Business Facilities Editorial Director. “Our 2024 Deal of the Year winners represent billions of dollars in capital investment and thousands of jobs for the communities in which these companies and their suppliers will operate. We congratulate the economic development teams that worked to bring all of these projects to fruition.”

This prestigious award places Memphis alongside other major economic development victories in 2024, including projects by Meta in Louisiana (Platinum winner), Amazon Web Services in Mississippi (Gold winner), and Novo Nordisk in North Carolina (Silver winner). Click HERE for more information.

About The Greater Memphis Chamber 

One of Memphis’ oldest institutions, dating back to 1838, the Greater Memphis Chamber is a privately funded nonprofit that serves as the region’s lead economic development organization and the “Voice of Memphis Business” on local, state, and national issues. The Chamber’s mission is to drive the Memphis business agenda for Greater Memphis. We do this by relentlessly pursuing prosperity for all — through economic and workforce development, pro-growth advocacy, and by providing support and resources to its investors, which include many of the region’s largest employers. For additional information, please visit www.memphischamber.com

Memphis MSA Achieves Historic $100 Billion Milestone In Gross Regional Product

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Memphis, TN – December 10, 2024: The Greater Memphis Chamber proudly announces a landmark achievement for the Memphis Metropolitan Statistical Area (MSA), as the region’s Gross Regional Product (GRP) surpassed $100 billion in 2023, reaching an impressive $102.9 billion.

This historic milestone signifies considerable economic momentum for the Greater Memphis region, showcasing a strong year-over-year growth of $6 billion (5.8%) from 2022 to 2023. Over the past five years (2018-2023), the region has displayed impressive economic resilience, achieving a growth rate of 32.3%, which closely aligns with the national GDP growth of 34.1%.

“Breaking through the $100 billion GRP barrier is a remarkable milestone for Memphis! This achievement, along with our record employment numbers, really highlights what we’ve always believed – Memphis is a place where business thrives!” shared Ted Townsend, President & CEO of the Greater Memphis Chamber. “We’re not just growing; we’re truly transforming our economy and opening up exciting new opportunities for our region.”

Key Highlights:

  • In 2023, Memphis reached a GRP of $102.9 billion, ranking 6th among peer cities. (Source: https://fred.stlouisfed.org/series/NGMP32820)
  • 5% average annual GRP growth over the past five years
  • Record employment levels reaching 656,600 jobs
  • Unemployment rate of 4.3%, nearly matching the national average

This economic milestone aligns with the region’s strong employment recovery, as Memphis surpasses its pre-pandemic employment levels, showcasing the market’s vigorous recovery and ongoing growth trajectory.

About The Greater Memphis Chamber 

One of Memphis’ oldest institutions, dating back to 1838, the Greater Memphis Chamber is a privately funded nonprofit that serves as the region’s lead economic development organization and the “Voice of Memphis Business” on local, state, and national issues. The Chamber’s mission is to drive the Memphis business agenda for Greater Memphis. We do this by relentlessly pursuing prosperity for all — through economic and workforce development, pro-growth advocacy, and by providing support and resources to its investors, which include many of the region’s largest employers.

xAI Memphis Announces Expansion Of Supercomputer with Addition Of Tech Companies In Digital Delta

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Supercomputer to grow to 1 million plus GPUs; Nvidia, Dell and SMC planning growth in Memphis Region with xAI

Memphis, TN – December 4, 2024: In a landmark announcement at the Greater Memphis Chamber Annual Chairman’s Luncheon, xAI revealed plans for an expansion of its “Colossus” supercomputer facility. Building upon its initial commitment to Memphis announced last June (Link to previous release), the company is setting the stage for Memphis to become the global epicenter of artificial intelligence.

The expansion, already underway, will incorporate a minimum of one million Graphics Processing Units (GPUs), marking the largest capital investment in the region’s history. Additionally, Fortune 500 tech giants Nvidia, Dell, and Supermicro Computer (SMC) will be establishing operations in Memphis, further solidifying the city’s position as the “Digital Delta” – a moniker coined by FedEx founder Fred Smith and his son, FedEx Executive Richard Smith.

Speaking to over 1,000 Memphis business and community leaders, xAI’s Brent Mayo shared the stage with Greater Memphis Chamber President and CEO Ted Townsend to detail the transformative initiative.

“In Memphis, we’re pioneering development in the heartland of America,” Mayo declared. “We’re not just leading from the front; we’re accelerating progress at an unprecedented pace while ensuring the stability of the grid utilizing megapack technology.”

Townsend emphasized the significance of xAI’s expanded presence: “When we announced six months ago that xAI would make Memphis its home for Colossus, we recognized it as our defining moment. Memphis has provided the power and velocity necessary for not just xAI to grow and thrive, but making way for other companies as well. We’re excited to welcome Nvidia, Dell, and Supermicro to the ‘Digital Delta’.”

To facilitate this massive undertaking, the Greater Memphis Chamber established an xAI Special Operations Team, led by Townsend. This team provides round-the-clock concierge service to the company. Senior Vice President of Global Business Development Troy Parkes spearheads the initiative, ensuring seamless execution of the company’s rapid expansion plans.

This development cements Memphis’s transformation into a leading technology hub, promising significant economic growth and positioning the city at the forefront of the artificial intelligence revolution.

About xAI 

xAI is a company working on building artificial intelligence to accelerate human scientific discovery. We are guided by our mission to advance our collective understanding of the universe. For more information visit: xAI

About The Greater Memphis Chamber 

One of Memphis’ oldest institutions, dating back to 1838, the Greater Memphis Chamber is a privately funded nonprofit that serves as the region’s lead economic development organization and the “Voice of Memphis Business” on local, state, and national issues. The Chamber’s mission is to drive the Memphis business agenda for Greater Memphis. We do this by relentlessly pursuing prosperity for all — through economic and workforce development, pro-growth advocacy, and by providing support and resources to its investors, which include many of the region’s largest employers.

Media Contact:

Julian D. Cross

Communications Manager

jcross@memphischamber.com

(901) 464-2746

Greater Memphis Chamber salutes South Korea for Memphis in May 2025

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MEMPHIS, TN. Wednesday, December 4, 2024 – The Greater Memphis Chamber and Memphis in May International Festival announced South Korea as the 2025 honored country, highlighting the growing economic partnership between Memphis and one of Asia’s largest economies.

The selection celebrates South Korea’s increasing presence in the Greater Memphis region, where investments have surpassed $85 million since 2019. This commitment has already created 400 new jobs through innovative companies such as SK Innovation, HMM American Shipping, and Hyosung HICO.

Leading this wave of investment, Hyosung HICO exemplifies the strength of Korean enterprises in Memphis. The company’s state-of-the-art power transformer manufacturing facility has not only created high-skilled jobs but also demonstrated why Memphis continues to attract major Korean businesses seeking to expand their U.S. operations.

“South Korea represents an incredible opportunity for Memphis to strengthen our position in the global economy,” said Ted Townsend, President and CEO of the Greater Memphis Chamber. “With Memphis companies like FedEx and Sedgwick already conducting business in South Korea and Korean enterprises choosing Memphis as their American home, we’re witnessing the emergence of a powerful economic partnership that benefits both regions.”

The selection of South Korea reflects Memphis’s strong trade relationships with Asia. Last year alone, South Korea accounted for 40% of the region’s total exports, valued at $7.1 billion. This economic foundation provides an excellent launching pad for expanded business opportunities and cultural exchange throughout 2025.

The Chamber will coordinate a comprehensive schedule of events throughout 2025. This schedule includes economic development delegations between Memphis and South Korea, cultural exhibitions, and business networking opportunities.

Continuing a cherished tradition, the Chamber has partnered with ARTSmemphis to commission the 2025 Memphis in May commemorative poster celebrating South Korea. ARTSemphis, which has distributed over $100 million in arts funding over 61 years, will invite their artist grantees to submit proposals for the poster design, which will be unveiled in spring 2025.

This partnership represents more than just a celebration,” said Mack Weaver, President and CEO of Memphis In May. “It’s a fitting addition to Memphis in May’s forty-eight-year heritage of promoting Memphis to the world and a gateway to our global future, where Memphis innovation meets Korean excellence, creating opportunities for cultural exchange and economic growth that will benefit both communities for years to come.

The Chamber and Memphis in May will announce additional details about the year-long celebration and economic initiatives in the coming months.

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About The Greater Memphis Chamber 

One of Memphis’ oldest institutions, dating back to 1838, the Greater Memphis Chamber is a privately funded nonprofit that serves as the region’s lead economic development organization and the “Voice of Memphis Business” on local, state, and national issues. The Chamber’s mission is to drive the Memphis business agenda for Greater Memphis. We do this by relentlessly pursuing prosperity for all — through economic and workforce development, pro-growth advocacy, and by providing support and resources to its investors, which include many of the region’s largest employers. For additional information, please visit www.memphischamber.com

About Memphis in May 

Memphis in May is a 501(c)3 nonprofit community-based organization whose mission is to promote and celebrate Memphis’ culture, foster economic growth, and enhance international awareness through education. Founded by racially diverse Memphians in 1977, racial equity and parity are embedded in the fiber and culture of Memphis in May, the official festival of the City of Memphis. Recipient of 240 prestigious Pinnacle Awards from the International Festival and Events Association, Memphis in May International Festival was named to Travel+Leisure’s international list of Festivals Worth Traveling For, and in 2018, Memphis topped CNN Travel’s list of international destinations to visit in May because of Memphis in May events. Condé Nast Traveler named Memphis as one of the “23 Best Places to go in 2023” in part because of Memphis in May’s return to the riverfront downtown. For additional information, please visit www.memphisinmay.org

About ARTSmemphis

ARTSmemphis, a 501(c)3, is the Mid-South’s primary arts funder, working behind the scenes to expand the foundation of Memphis’ arts through diligent and diverse support. The granting organization has distributed over $97 million since 1963 to local artists and arts organizations and serves as a funding partner, advocate, and connector for local artists and arts organizations. For more information, visit artsmemphis.org

Media Contact:

Julian D. Cross

Communications Manager

jcross@memphischamber.com

(901) 464-2746

AAON Announces Expansion Plans to Increase Production Capacity With New Facility In Memphis, Tennessee

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TULSA, OK, November 14, 2024 – AAON, Inc. (NASDAQ:  AAON) (including its affiliates, “AAON” or the “Company”), a leader in high-performing, energy-efficient HVAC solutions that bring long-term value to customers and owners, is pleased to announce the expansion of the Company’s production capacity with the purchase of a new 787,000 square foot facility in Memphis, Tennessee. This facility will primarily facilitate the growing demand from the data center market and is projected to create 828 skilled jobs at this location over the next five years of operation. The expansion will also add geographic diversification to AAON’s current manufacturing footprint, mitigating certain operational risks and better serving our data center customers.

This facility will manufacture various types of thermal management equipment for data centers under the BASX brand, including air-cooled systems, computer room air handlers (CRAHs), direct evaporative coolers, and liquid cooling distribution units (CDUs), both liquid-to-liquid and liquid-to-air. The facility is expected to have limited production in early 2025 and be fully operational in approximately 12 months.

“The expansion of our production capacity through the purchase of this new facility marks a new chapter for AAON,” said Gary Fields, AAON CEO, “Not only will this allow us to continue to capitalize on the rapidly growing data center market, it demonstrates the commitment we have to our data center customers and the confidence we have in the vertical strategy of this market. At the same time, we are thrilled to bring new jobs and investment to the Memphis community and look forward to seeing the positive impact it will have on both our company and the local economy.”

“After a rigorous due diligence process that included an intricate site search and detailed analysis of costs, risks, and return on investment, we are thrilled to announce the purchase of this new facility,” said Matt Tobolski, AAON President, and COO, “This new capacity will ensure we are able to meet the growing demands from our data center customers, while also generating compelling returns on invested capital for our shareholders. To date, AAON has successfully supplied the highest performing, most efficient thermal management solutions to this end-market, and we look forward to continued success in the future.”

AAON leadership extends appreciation to the State of Tennessee, the City of Memphis, the Greater Memphis Chamber, and Memphis & Shelby County EDGE. These impressive organizations, with top-notch teams and competitive programs, were helpful in our decision and we look forward to collaborative partnerships.

“Building a robust recruitment pipeline requires strong relationships with both industry leaders and our economic development partners,” said City of Memphis Mayor Paul Young, “Welcoming AAON to Memphis represents a significant step toward making our market even more competitive on a national level. With AAON’s commitment, we are enhancing our local economy and elevating Memphis as a destination for high-quality jobs and sustainable industry growth.”

“Memphis is gaining recognition for its speed and agility in attracting businesses. Paired with our diverse workforce and manufacturing talent, Memphis is America’s newest high-tech hub—the Digital Delta,” said Ted Townsend, President & CEO of the Greater Memphis Chamber, “AAON embodies a new chapter for Memphis. As a dynamic, high job-creation company with a focus on data centers, we are proud to welcome them to the Digital Delta.”

“Memphis continues to prove itself as a vibrant hub for economic growth and opportunity,” said Dr. Joann Massey, EDGE President, and CEO, “We are committed to welcoming innovative companies, like AAON, that invest in our community and support the creation of new jobs, further strengthening the city’s position as a key player in the manufacturing and industrial sectors.”

AAON was represented in their site selection and real estate negotiations by John Beach and Susan Arledge, SIOR with Newmark, a global real estate service provider to large global corporations and other occupiers of commercial real estate.

Through the dedication of our people, we push the industry forward with innovative air solutions and pave the way for a better tomorrow. Together, we’re making a difference. For Memphis job and career inquiries, email

HelloMemphis@AAON.com.

About AAON

Founded in 1988, AAON is a world leader in HVAC solutions for commercial and industrial indoor environments. The Company’s industry-leading approach to designing and manufacturing highly configurable equipment to meet exact needs creates a premier ownership experience with greater efficiency, performance and long-term value. AAON is headquartered in Tulsa, Oklahoma, where its world-class innovation center and testing lab allows AAON engineers to continuously push boundaries and advance the industry. For more information, please visit www.AAON.com.

About BASX

BASX, a wholly owned subsidiary of AAON, is an industry leader in the manufacturing of high-efficiency data center cooling solutions, cleanroom systems, custom HVAC systems, and modular solutions. For the past 40 years, the BASX team has been recognized as leaders in the development of industry-changing innovation such as changes in the way fans are applied in modern air handling systems. Our team has a steadfast commitment to customer service and delivering on our promises while providing the highest quality products throughout the world. BASX’s state-of-the-art manufacturing facility is located in Redmond, Oregon.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “should”, “will”, and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligations to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Important factors that could cause results to differ materially from those in the forward-looking statements include (1) the timing and extent of changes in raw material and component prices, (2) the effects of fluctuations in the commercial/industrial new construction market, (3) the timing and extent of changes in interest rates, as well as other competitive factors during the year, and (4) general economic, market or business conditions.

 

Contact Information

Joseph Mondillo

Director of Investor Relations

Phone (617) 877-6346

Email: joseph.mondillo@aaon.com

RECONEXT EXPANDS INTO THE DIGITAL DELTA

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Memphis is company’s first location in the state of Tennessee, creating over 200 new jobs

  MEMPHIS, TN – Reconext, a global aftermarket electronics company, announced it will invest more than $9 million to expand its operations and establish its first location in the state of Tennessee. The Texas-based company expects to create over 200 new jobs, including engineering, administrative and production positions, that will increase the company’s ability to support its client base across the Southeast. Reconext will be located in southeast Memphis and fully operational by early 2025. “We are pleased to welcome Reconext to the Digital Delta, where innovation and technology come together,” said Ted Townsend, President and CEO of the Greater Memphis Chamber. “From Memphis, 95% of global consumers can be reached by air within 72 hours. By choosing Memphis for their expansion, Reconext is leveraging our city’s exceptional logistics network to enhance their customer support. With the addition of our diverse IT talent, we anticipate significant success for Reconext in Memphis.” Reconext is a leading global provider serving its customers by delivering customized supply chain solutions that meet their financial and sustainability objectives. Its lifecycle services optimize the value of used devices through innovative engineering, product renewal & remarketing. Its focus on reuse of electronics aligns with the principles of the circular economy. The company is committed to improving the environment as well as the communities where they are established. “We thank the Greater Memphis Chamber for their assistance in our decision to locate and be part of the Memphis community,” said Dan Perez, CEO of Reconext. “We are excited by the critical resources and geographic advantages that the Memphis area enables us to offer our expanding customer base and look forward to being an active member of the Memphis area business community.” -MEMPHIS- About Reconext Reconext, a leading provider of aftermarket lifecycle services for electronics, serves leading manufacturers, operators, retailers, insurers, data centers and large corporations. Markets served include consumer electronics, customer premises equipment, enterprise network & data storage, IoT, mobile and point of sale equipment. Reconext’s end-to-end aftermarket lifecycle services include returns management & fulfillment, testing & grading, repair & refurbishment, asset recovery and trade-in & buy-back. For more information, please visit www.reconext.com. About The Greater Memphis Chamber One of Memphis’ oldest institutions, dating back to 1838, the Greater Memphis Chamber is a privately funded nonprofit that serves as the region’s lead economic development organization and the “Voice of Memphis Business” on local, state, and national issues. The Chamber’s mission is to drive the Memphis business agenda for Greater Memphis. We do this by relentlessly pursuing prosperity for all — through economic and workforce development, pro-growth advocacy, and by providing support and resources to its investors, which include many of the region’s largest employers. For more information, please visit www.memphischamber.com. Media Contact: Amy Daniels 901-569-4796 adaniels@memphischamber.com

GREATER MEMPHIS CHAMBER, MOORE TECHNICAL COLLEGE & THE GOODWILL EXCEL CENTER LAUNCH INNOVATIVE TRAINING COHORT TO EMPOWER FUTURE MANUFACTURING WORKFORCE

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Program funded through TVA Workforce Investment Grant

 

Memphis, TN — September 10, 2024 — The Greater Memphis Chamber, in partnership with Moore Tech and The Goodwill Excel Center, is excited to announce the launch of a new training cohort designed to equip 22 students with the skills and credentials needed for a successful career in manufacturing. The training cohort is made possible through a Workforce Invest grant from the Tennessee Valley Authority (TVA), which has recognized the importance of developing a skilled workforce to support the region’s economic growth. This initiative represents a significant step forward in addressing the growing demand for skilled workers in the region’s manufacturing sector.

Beginning this month, 22 dedicated students will embark on an intensive weekend bootcamp training at Moore Tech, where they will work toward earning a NIMS (National Institute for Metalworking Skills) credential. This credential serves as a critical entry point into the manufacturing career pathway, opening doors to entry-level positions that start at $20 an hour or more, according to the Greater Memphis Chamber’s Economic Research Group (GMERG).

“Memphis is home to over 44,000 manufacturing professionals, and we’re excited to further expand this sector in the Digital Delta,” stated Ted Townsend, President and CEO of the Greater Memphis Chamber. “Collaborating with partners such as Moore Tech and The Goodwill Excel Center, this initiative will equip local talent to meet employer needs and excel in high-demand careers.”

The Goodwill Excel Center, an adult high school providing traditional diplomas to students 18 and older, will be a key partner in this effort. Students will attend high school classes from Monday to Thursday and dedicate their weekends to NIMS credential training on Fridays and Saturdays. To support their journey, the program will offer daycare services and an “earn to learn” stipend, ensuring that participants can focus on their studies without financial strain.

“This partnership is a game-changer for our students,” said Samantha Dowdy, Director of Career and Workforce Development, of The Goodwill Excel Center. “Not only are they earning their high school diplomas, but they are also gaining the technical skills and industry credentials that will open doors to meaningful careers in manufacturing. Over the course of the year, this grant will allow us to train 60 students, providing them with the tools they need to succeed in a rapidly growing field.”

Tony Martini, President and CEO of Memphis Goodwill, added, “Over the past 100 years, Memphis Goodwill has worked hard to follow the organizational mission – to give people with barriers to employment job skills training through the power of work, education, and empowerment. We are excited to collaborate with these community partners to provide adult students educational opportunities to further that mission.”

Moore Tech is excited to be at the forefront of this training initiative. “Our goal is to provide hands-on, industry-relevant training that meets the needs of both our students and local employers,” said Skip Redmond, President of Moore Technical College. “By partnering with the Greater Memphis Chamber and The Goodwill Excel Center, we are helping to build a strong pipeline of skilled workers who are ready to step into well-paying jobs in the manufacturing sector.”

Local manufacturers need a steady flow of skilled workers from this program. “The demand for skilled labor in manufacturing is higher than ever,” said Carlos Manning, Senior Director, Peanut Butter Operations at J.M. Smucker Company, a leading manufacturer in Memphis. “This partnership is crucial for meeting our workforce needs. We’re excited to engage with these students, offer them real-world insights, and potentially welcome them into our team as they complete their training.”

In addition to technical training, students will receive soft skill instruction to prepare them for the workforce. They will also have the unique opportunity to interact with local manufacturers during the cohort and tour manufacturing facilities, gaining first-hand insight into the industry.

This training cohort is made possible through a Workforce Invest grant from the Tennessee Valley Authority (TVA), which has recognized the importance of developing a skilled workforce to support the region’s economic growth. “TVA Economic Development is committed to our communities. Workforce Invest allows us to invest in programs that address the specific workforce and education needs at a local level. Each project funded provides needed training to residents while also filling the needs of industry. We are proud to support our local economic development partners,” said John Bradley, Senior Vice President of Economic Development for TVA.

For more information about this program and how it is shaping the future of the Memphis workforce, please email workforce@memphischamber.com.

-MEMPHIS-

About The Greater Memphis Chamber One of Memphis’ oldest institutions, dating back to 1838, the Greater Memphis Chamber is a privately funded nonprofit that serves as the region’s lead economic development organization and the “Voice of Memphis Business” on local, state, and national issues. The Chamber’s mission is to drive the Memphis business agenda for Greater Memphis. We do this by relentlessly pursuing prosperity for all — through economic and workforce development, pro-growth advocacy, and by providing support and resources to its investors, which include many of the region’s largest employers. For more information, please visit www.memphischamber.com.

About Moore Technical College Moore Technical College is a leading institution providing technical education and training to prepare students for successful careers in various industries. With a focus on hands-on learning and strong partnerships with local businesses, Moore Technical College equips students with the practical skills and knowledge needed to meet the demands of today’s workforce, particularly in high-demand sectors like manufacturing, technology, and skilled trades.

About Goodwill Excel Center The Goodwill Excel Center is an adult high school that offers traditional high school diplomas to students 18 and older. By providing flexible scheduling, individualized support, and a focus on career readiness, the Excel Center empowers individuals to achieve their educational and career goals. Its mission is to remove barriers to education and employment, equipping adults with the tools needed to create meaningful and sustainable career pathways.

About the J.M. Smucker Company of Memphis The J.M. Smucker Company of Memphis is a part of the larger J.M. Smucker Company, a leading manufacturer of food products. The Memphis facility plays a crucial role in the company’s production, contributing to its well-known portfolio of brands that includes everything from coffee to pet food. The company is committed to delivering high-quality products while supporting its employees and the local community through workforce development, sustainability initiatives, and economic partnerships.

About the Tennessee Valley Authority (TVA) The Tennessee Valley Authority (TVA) is the nation’s largest public power provider, serving nearly 10 million people across seven states in the Southeast. In addition to delivering reliable and affordable electricity, TVA is deeply committed to supporting economic development, environmental stewardship, and workforce development across the region. Through initiatives like Workforce Invest, TVA partners with local communities to create opportunities for training and education, helping to ensure a skilled workforce that meets the needs of local industries.

Congressman Cohen Announces $393.7 Million for a New Interstate 55 Bridge Over the Mississippi at Memphis

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Only delegation member to support the Bipartisan Infrastructure Law providing essential funding for America’s River Crossing project

WASHINGTON – Congressman Steve Cohen (TN-9), a senior member of the Transportation and Infrastructure Committee, today announced that the Tennessee and Arkansas Departments of Transportation were successful in securing $393,750,000 for a new Interstate 55 Bridge over the Mississippi River at Memphis to be known as America’s River Crossing. Congressman Cohen has worked diligently with the Biden-Harris Administration to secure funding for this project, inviting Transportation Secretary Pete Buttigieg to Memphis when the Hernando DeSoto Bridge was out of commission in May of 2021to see how critical the Mid-South transportation corridor is to interstate commerce. Congressman Cohen also joined Administrator Shailen Bhatt of the Federal Highway Administration (FHWA) during his trip to Memphis in May to talk about the need to replace the I-55 Bridge over the Mississippi River and his concerns that it would be vulnerable to serious damage in an earthquake and is far out of date. In addition to writing a fervent letter of support, Congressman Cohen has discussed the regional and national significance of this project in Transportation and Infrastructure Committee hearings, most recently with Secretary Buttigieg on June 28. See his recent committee hearing exchanges with Secretary Buttigieg here and with Administrator Bhatt in May here. Congressman Cohen was the only member of the current Tennessee and Arkansas Congressional Delegations to vote for the 2021 Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law, the source of major funding for the project. Congressman Cohen made the following statement: “I’m proud to have worked with the President, the U.S. Department of Transportation, as well as the outstanding team in Memphis and the governor’s office in successfully getting this extremely large and necessary grant for the construction of the new bridge. As President Biden would say, ‘This is a big…deal!’ And it sure is: Probably the biggest investment made in Memphis by the federal government ever. “I was proud to vote for the Bipartisan Infrastructure Law that created this Bridge Program and allow these funds to be available for Memphis. Mine was the only vote for the bill in either the Tennessee or the Arkansas Congressional delegations. We are two red states. This shows how President Biden works for the best interest of the country. It is important to America and not politically good for a red or a blue state. It’s the United States of America and that’s what this bridge is for. Transportation across America creates jobs and improves our economy – America’s River Crossing.” Memphis Mayor Paul Young made the following statement: “This historic investment in Memphis will help further connect our community with the region and the world. Memphis’ prominence as a logistics hub is made stronger by the investment in this key piece of infrastructure and we are honored by the grant.” Greater Memphis Chamber President and CEO Ted Townsend made the following statement: “For over two decades, the Greater Memphis Chamber has led local efforts to ensure a new bridge would be built further solidifying Memphis as a global logistics leader. Over those 20 years, Congressman Steve Cohen has remained a constant advocate with us. We want to appreciate the leadership of the Tennessee Department of Transportation for helping to initiate and convene this most recent effort, the Mayor’s office – both Jim Strickland and Paul Young – for being local advocates, and the Chamber’s Transportation Committee for being persistent and never taking their eye off of the ball.” The Tennessee and Arkansas Departments of Transportation submitted a joint application through the Bridge Investment Program (BIP) Large Bridge Projects Program. The Federal Highway Administration announced today that the project will move forward.

Memphis Companies Host Teachers This Summer in Greater Memphis Chamber’s Teacher Externship Program

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MEMPHIS COMPANIES HOST TEACHERS THIS SUMMER IN GREATER MEMPHIS CHAMBER’S TEACHER EXTERNSHIP PROGRAM 17 companies host 18 local high school teachers to increase STEM degrees

MEMPHIS, TN Friday, June 28, 2024 The Greater Memphis Chamber has kicked-off summer break by embedding 18 local high school teachers at 17 companies for two weeks to strengthen connections between classrooms and companies as part of its Teacher Externship Program. In its third year, the program is aimed at strengthening local talent pipelines into high-demand careers and industries with additional emphasis on stem related roles. In its Prosper Memphis 2030 strategic plan, the Chamber set a goal of awarding 20,000 STEM degrees and credentials annually. The Teacher Externship Program gives teacher externs a $2,500 stipend, a $200 gift card for classroom supplies and a deeper understanding of job opportunities and workforce needs that they can share with their students. Teacher externs were chosen in a competitive application process and placed with a company that mirrors their subject areas. Over the course of two weeks (64 hours) between now and the end of July, they will participate in job shadowing, facilities tours, and other hands-on, job-related activities. “Our program has garnered national recognition as a solution to the talent gap and a means to develop our workforce pipeline,” stated Ted Townsend, President & CEO of the Greater Memphis Chamber. “This initiative has significantly benefited both our educators and employers. Most importantly, it has provided students with invaluable insights into the opportunities available in our community and how to prepare for them.” The following teacher externs are participating in the 2024 program: Valerie Coleman
- White Station High School Nadia Abrego
- Crosstown High School Jarianna Bates
- Sheffield High School Ryan Pryor
- Crosstown High School Renita Bryant
- Memphis School of Excellence Cassandra Jones
- Southwind High School Britney Taylor
- Memphis Business Academy DeShon Brown
- Freedom Preparatory School Torrey Lewis
- Cordova High School Brittany Latham
- Memphis Academy of Science and Engineering Shelley Cox
- Crosstown High School Eric Winfrey
- Ridgeway IB Middle LaTausha Brown
- MLK College Prep High School Jullie Wallace
- East High School Matthew Davis
- Collegiate School of Memphis Micah Davis-Bowen
Bolton – Agri-STEM High School Tyrone Smith
- White Station High School Jennie Willingham
- White Haven High School The following companies have signed-up to host a teacher extern in 2024: ALSAC/St. Jude Children’s Research Hospital Cigna Cummins Dunavant Flintco International Paper Lehman Roberts Lonestar Truck Group Memphis Shelby County Airport MLGW Nucor Peabody Hotel Regional One Riviana Foods Transnetyx Turner Construction Varsity Spirit Click here to watch a video that captured the experience of last year’s Teacher Externship. -MEMPHIS- About The Greater Memphis Chamber One of Memphis’ oldest institutions, dating back to 1838, the Greater Memphis Chamber is a privately funded nonprofit that serves as the region’s lead economic development organization and the “Voice of Memphis Business” on local, state, and national issues. The Chamber’s mission is to drive the Memphis business agenda for Greater Memphis. We do this by relentlessly pursuing prosperity for all — through economic and workforce development, pro-growth advocacy, and by providing support and resources to its investors, which include many of the region’s largest employers.    

GREATER MEMPHIS CHAMBER RESEARCH TEAM RECOGNIZED FOR INDUSTRY REPORTS

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GREATER MEMPHIS CHAMBER RESEARCH TEAM RECOGNIZED FOR INDUSTRY REPORTS Reports highlight Memphis’s industry strengths, labor force, educational opportunities & trade activity 

 

MEMPHIS, TN Monday, June 17, 2024 The Greater Memphis Chamber’s research and analytics team, the Greater Memphis Economic Research Group (GMERG), is the recipient of the Council for Community and Economic Research’s (C2ER) 2024 Community, Economic, and Workforce Research Award for their Market Industry Reports. The reports focus on nine target industries within the Memphis MSA, with the goal of supporting business recruitment and retention efforts. The reports highlight Memphis’s industry strengths, labor force, educational opportunities, and trade activity.  The reports are free with an active email address and can be found here: https://memphismoves.com/locate-expand/research-reports/  “The world’s attention is focused on Memphis and businesses are eager to find out more about our city,” said Ted Townsend, President & CEO, for the Greater Memphis Chamber. “The impact of these reports on the region’s economic development strategy has been significant. Our goal is to offer site selectors and businesses considering growth or expansion the most compelling data available. I’m exceptionally proud of Tecora and the GMERG team for producing these outstanding reports.”  The Market Industry Reports significantly contribute to applied research in the Greater Memphis area. They provide key insights into nine target industries, including Advanced Manufacturing, Automotive, Supply Chain & Logistics, Agribusiness, Healthcare, HQ & Finance, Information Technology, Food & Beverage Manufacturing, and Music & Entertainment. These reports have been used by local economic development partners, chamber staff, and companies to inform strategic decision-making, policy development, and workforce planning.  “It’s an honor to have the team’s work recognized,” said Tecora Murray, Executive Director of GMERG. “Even more so, it’s a privilege to play such a significant role in the recruitment of jobs to our region. To know that our work is impacting the lives of families in Memphis and Shelby County is perhaps the most rewarding and it is what continues to drive us to provide the data to help us continue to grow.”  For more information on the C2ER Community, Economic, and Research Awards, click here.  -MEMPHIS-      About The Greater Memphis Chamber   One of Memphis’ oldest institutions, dating back to 1838, the Greater Memphis Chamber is a privately funded nonprofit that serves as the region’s lead economic development organization and the “Voice of Memphis Business” on local, state, and national issues. The Chamber’s mission is to drive the Memphis business agenda for Greater Memphis. We do this by relentlessly pursuing prosperity for all — through economic and workforce development, pro-growth advocacy, and by providing support and resources to its investors, which include many of the region’s largest employers.      Media Contact:   Amy Daniels 901-569-4796 adaniels@memphischamber.com 

VELOCITY MEETS POTENCY: xAI ANNOUNCES MEMPHIS AS NEW HOME

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VELOCITY MEETS POTENCY: xAI WORKS TO MAKE MEMPHIS A NEW HOME To be the Largest Capital Investment by a New-to-Market Company in Memphis History

  MEMPHIS, TN, Wednesday, June 5, 2024 –xAI’s Gigafactory of Compute – the World’s largest supercomputer – would be located in Memphis, Tennessee. Representing the city’s largest capital investment by a new-to-market company in Memphis history, the company would occupy a former manufacturing facility. This project is pending approval by the Memphis Shelby County Economic Development Growth Engine (EDGE), Tennessee Valley Authority, and governing authorities. The Greater Memphis Chamber’s economic development team, led by Chief Economic Development Officer Gwyn Fisher and Vice President of Global Business Development, Troy Parkes, moved at lightning speed to ensure xAI would make Memphis their top choice. This landmark achievement signals a new era of growth and innovation for Memphis. “Our Chamber is built for this,” said Ted Townsend, President & CEO of the Greater Memphis Chamber. “In less than three weeks, the Chamber’s economic development team demonstrated remarkable coordination, swiftly providing solutions and rallying partners faster than any other community. From the initial three weeks until today, Memphis emerged as a global nexus where velocity meets potency, which are attractive attributes to the xAI team.” This groundbreaking investment would not be possible without the support of building owners, Phoenix Investors, and the great partnership the Chamber shares with City of Memphis, Shelby County, and MLGW. “Memphis is a city of innovators, so it’s no surprise that it feels like home to those looking to change the world,” said Memphis Mayor Paul Young. “We get things done here. We have great partners at the Greater Memphis Chamber and MLGW who were ready to make this happen. We had an ideal site, ripe for investment. And we had the power of our people who created new and innovative processes to keep up with the pace required to land this transformational project.” “I am proud of our work to provide utilities for such a massive project and to do it quickly. The adaptive reuse of a former manufacturing space and its existing utility infrastructure are exactly the kind of economic development we have been seeking for our city,” said Doug McGowen, President & CEO, of MLGW. “The good-paying jobs, the cachet of hosting the world’s most powerful supercomputer, and the significant additional revenues for MLGW this project brings will help support our reliability and grid modernization efforts. These are all wins for our community.” The company’s proposed unprecedented commitment underscores the tremendous potential and limitless opportunities that Memphis offers as a vibrant hub for business, technology, culture, and community. The company expects to create high quality jobs upon completion of Phase 1, with opportunities for more substantial investment in future phases. “Memphis is the Digital Delta,” said Gwyn Fisher. “We are experiencing a dynamic wave of development across various sectors, including technology, infrastructure, healthcare, manufacturing, and education. This monumental recruitment investment marks a pivotal point in our city’s trajectory, and will drive continued entrepreneurship and ingenuity, propelling Memphis to the forefront of global innovation and competitiveness.” “Historic opportunities like this are born of strong partnerships, and I am delighted that Shelby County Government through our health department and the Memphis & Shelby County Office of Planning and Development has played a significant role,” said Shelby County Mayor Lee Harris.

About The Greater Memphis Chamber:

One of Memphis’ oldest institutions, dating back to 1838, the Greater Memphis Chamber is a privately funded nonprofit that serves as the region’s lead economic development organization and the “Voice of Memphis Business” on local, state, and national issues. The Chamber’s mission is to drive the Memphis business agenda for Greater Memphis. We do this by relentlessly pursuing prosperity for all — through economic and workforce development, pro-growth advocacy, and by providing support and resources to its investors, which include many of the region’s largest employers.

GREATER MEMPHIS CHAMBER UNVEILS 2024 MEMPHIS IN MAY POSTER

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GREATER MEMPHIS CHAMBER UNVEILS 2024 MEMPHIS IN MAY POSTER Year long celebration of honored country, France, continues with unveiling of poster during Memphis Symphony Orchestra Performance

Wednesday, May 29, 2024 The Greater Memphis Chamber, in conjunction with ARTSMemphis and the Memphis Symphony Orchestra, debuted the 2024 Memphis in May Honored Country Poster on Saturday, May 25 at the Cannon Center at 7:00 p.m. Celebrating France for all of 2024, the Chamber commissioned a fine arts poster through ARTSmemphis to commemorate France, continuing a longstanding tradition of the Memphis in May International Festival. This year’s chosen artist is  Michele Noiset. The poster debuted during the Symphony’s performance of DVOŘÁK NEW WORLD SYMPHONY on Saturday, May 25 at the Canon Center for Performing Arts. The fine arts poster is sponsored by Phelps Dunbar and 1910 Frameworks. Noiset, an acclaimed illustrator and Assistant Professor of Illustration at the University of Arkansas in Little Rock, has a rich career spanning the publishing, advertising, and editorial sectors with prominent clients like McDonald’s, Nickelodeon, and the New York Times. Noiset has a long history when it comes to France, with her parents having sought refuge during World War II from Belgium to Toulouse, France. She was recommended by an ARTSmemphis selection panel comprised of curators from museums and academia, and arts organization representatives. “We are grateful to the Chamber for continuing to recognize local artists and applaud Michele for being selected by the Chamber as the latest in a long line of distinguished Memphis in May Poster artists,” said Elizabeth Rouse, President & CEO for ARTSmemphis . “We couldn’t think of a better partner than ARTSmemphis to help us find the artist that would embody the spirit of Memphis with a nod to France. For the Chamber team, Michele captured the soul of Memphis in her artwork, while at the same time capturing the strength of France,” said Ted Townsend, President & CEO for the Greater Memphis Chamber. “France is a crucial trade partner to Memphis and Tennessee: Tennessee imports more than $1 billion in products from France each year (up 83% from 2017-2022) and the state exports nearly $500M per year to France (up 17.5% from 2017-2022). Throughout this year, we will continue to honor France it’s ties specifically to Memphis business.” The poster will be available to purchase through 1910 Frame Works and Gallery at their store at 2029 Union Avenue or on their website at https://www.1910frameworks.com/.   -MEMPHIS-   About The Greater Memphis Chamber One of Memphis’ oldest institutions, dating back to 1838, the Greater Memphis Chamber is a privately funded nonprofit that serves as the region’s lead economic development organization and the “Voice of Memphis Business” on local, state, and national issues. The Chamber’s mission is to drive the Memphis business agenda for Greater Memphis. We do this by relentlessly pursuing prosperity for all — through economic and workforce development, pro-growth advocacy, and by providing support and resources to its investors, which include many of the region’s largest employers.