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Blog | Memphis

Memphis is moving in the right direction and the state is taking notice. That was the message from Tennessee Economic Development Commissioner Bob Rolfe to a crowd of nearly 300 business leaders at the Greater Memphis Chamber’s inaugural State of the Economy event sponsored by Paragon Bank.

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FedEx Trade Networks, a subsidiary of FedEx Corp. responsible for connecting global supply chains announced that the company will move its Memphis headquarters and employees to a location in Downtown Memphis.

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The newest major employer in Downtown Memphis is AgTech startup Indigo Ag, providing a unique resource to farmers through microbe-coated seeds that ensure a high yield crop. The Boston-based company announced this week that they will add 700 new jobs and a $6.6 million investment in Memphis over the next three years.

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