Economic Data for Greater Memphis

Meet the Greater Memphis Economic Research Group

Powered by the Greater Memphis Chamber, the Greater Memphis Economic Research Group (GMERG — pronounced “G-merge”), provides the economic research and data analysis necessary to move Greater Memphis and its businesses forward.

The Chamber is a big believer in letting data drive decisions — and that includes our economic development strategy. When we tell companies around the world that Memphis has the highest concentration of Black tech talent of any major U.S. metro, that’s based on the deeply-sourced research of our GMERG team. As we build a GREATER Memphis, data is our foundation.

But GMERG also serves our business community by providing various services and reports.

Services

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.

Industry Sector Studies:

Comprehensive research and analysis of specific industries or sectors to understand their dynamics, challenges, and opportunities, often used for strategic planning.

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.

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.

Labor and 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.

Research Publications & Reports:

Presenting findings of research studies and investigations, providing detailed insights and data on various economic topics or subjects for the benefit of stakeholders and the public.

Annual Greater Memphis 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.

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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.

Provides 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 codes which is the North American Industry Code Classification System (NAICS). 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.

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.


Spatial Analysis Reports

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.

To get in touch with our research services team, please contact Tecora Murray, Executive Director of the Center for Economic Competitiveness.