Greater.

Celebrating 186 Years of Growth and Prosperity — December 4, 2024

Together, we’re driving the Greater Memphis region forward, making it a leader in business agility and success. Join the Greater Memphis Chamber in honoring the collaboration, innovation, and transformation that are making Memphis Greater every day.

Register for Our Annual Chairman’s Luncheon

Greater Memphis Chamber

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.

Why Memphis Fact Sheet

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.
Doctor in surgery

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!

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Want to learn more about how the business climate in Memphis can perfectly fit your company?

The journey starts here