Memphis Business Climate
Make Your Move to Memphis
Memphis, located in West Tennessee near the geographic center of the U.S., offers an attractive business climate with low debt and pro-business regulations. Tennessee is a right-to-work state with no personal income tax on wages, and it boasts some of the country’s lowest state and local tax burdens. Our state budget is not only stable; it maintains a healthy surplus, making Tennessee the #1 fiscally stable state in the Southeast.
See Why Memphis is making companies Greater.
Memphis Is
Pro-business
Tax credits, infrastructure improvements, and state, local and utility incentives. These are some of the available funding opportunities to help you get the necessary resources to relocate or expand your business. Add a regional GDP of $96 billion with a 3.4 percent projected 5-year job growth rate, and you have a prime business climate.
Plus, with a low cost of living, earnings go further.
Intermodal
Memphis’ central location and well-earned reputation as America’s Distribution Center have led to unmatched logistics infrastructure. Memphis has:
- The #1 busiest cargo airport in North America
- Five Class 1 railroads
- The #3 busiest trucking corridor in the U.S.
- The #5 largest inland port in the U.S.
Skilled and Work-Ready
- Of the region’s more than 1.3 million residents: 63 percent are in the prime working age group of 25 to 54.
- In 2022, more than 15,000 program completions were issued from 30 different institutions, bolstering the skilled and work-ready talent pool.
Memphis has a diverse workforce, too, boasting the highest concentration of Black professionals in tech, manufacturing, human resources, and sound recording of any major metro and leading the nation in the concentration of women in tech, scientific research and development, architecture/engineering, and human resources.
Memphis Talent By the Numbers
44,000+
Manufacturing Professionals
85,000+
Logistics Professionals
82,000+
Service Professionals
84,000+
Health Professionals
56,000+
Administrative Professionals
25,000+
Construction Professionals
ARS calls Memphis home — watch to learn why!
Want to learn more about how the business climate in Memphis can perfectly fit your company?