Memphis, Tennessee

Memphis is a city in Shelby County, Tennessee, of which it is the county seat. As of 2005, the city of Memphis had a population of 680,768, making it the largest city in the state of Tennessee and the 17th largest in the United States. The greater Memphis metropolitan area had a population of 1,230,303. This makes Memphis the second largest metropolitan area in Tennessee, surpassed only by metropolitan Nashville. Memphis is on the Lower Chickasaw Bluff above the Mississippi River, at the mouth of the Wolf River.

1 The local economy
2 Recent Memphis Business News
3 See also
4 External links

The local economy

Memphis is ideally located for commerce among the transportation and shipping industry. The city is home to the world's busiest cargo airport, which serves as the primary hub for FedEx shipping. Due to its location, more major metro areas can be reached overnight from Memphis than any other city in the central U.S. Memphis has developed as a major manufacturing center of textiles, heating equipment, pianos, automobiles and truck parts. Memphis Light, Gas and Water ("MLG&W") is also one of the largest municipal utilities in the United States.

Memphis is home to a growing number of nationally and internationally known corporations, including approximately 150 businesses from 22 countries. This includes the corporate headquarters of two major Fortune 500 companies: FedEx Corporation and AutoZone Incorporated. Other corporations with a major presence in the area include Back Yard Burgers, Belz Enterprises, Buckeye Technologies, First Tennessee Bank, Guardsmark, Hohenberg Bros. Co., Harrah's, Hilton, ServiceMaster, and Morgan Keegan & Company, Inc. Northwest Airlines also operates a major hub at Memphis International Airport, with daily nonstop flights to Amsterdam.

The entertainment and film industry has recently developed a Memphis reputation. Several major motion pictures have been filmed here, including Mystery Train (1989), Great Balls of Fire! (1989), The Firm (1993), A Family Thing (1996), The People vs. Larry Flynt (1996), The Rainmaker (1997), Cast Away (2000), The Queens of Comedy(2001),21 Grams (2003), Hustle & Flow (2005), Walk the Line (2005), Forty Shades Of Blue (2005), and Black Snake Moan (2007).

The city appeared in the top eight of the 50 best major metro areas in the U.S. for starting and growing a business in 2000, according to Inc. magazine. Southern Business and Development magazine ranked Memphis as one of the most successful models for economic development in the south, also recognized the city as one of the top ten markets over the past decade. In October 2002, Ebony Magazine has cited Memphis as a city for its outstanding African-American leadership. Memphis also had the highest rate of high technology start-up operations over the last three years among the nation’s 60 largest metro areas, according to Brandow Company research.

Source - Wikipedia: Memphis, Tennessee

Recent Memphis Business News

Links to recent headlines via Topix.net

200 Area Homes, Lots Sold to Local Land Trust: Douglas R. Beaty, a local attorney and trustee of the Forest Hill Land trust, has bought 211 homes and lots throughout Memphis for $12.6 million through a special sale deed.
Trolley Lambasted During Main Street Mall Meeting: ALONG THE LINE: The Main Street Trolley's unpredictable schedule was the dominant topic at a public hearing on whether to allow automobile traffic on the Main Street Mall.
Consultants say Jeffersonville should build hotel, convention center: Consultants commissioned by the Jeffersonville Redevelopment Commission to study downtown economic development possibilities, recommended that the city consider building a downtown hotel and convention center ...
BNSF's Memphis intermodal facility could be engine of growth: MEMPHIS, Tenn. - As early as April 1, the best place to see Memphis's distribution muscle will be at Lamar and Shelby Drive.
Main Street Mall Could Reopen to Traffic: Traffic hasn't been allowed on Main Street in Downtown Memphis since the Mid-America Mall was created back in 1976.
Stein World consolidates operations: Stein World Operating Co. LLC is moving into ProLogis' Memphis Distribution Center Building H with a lease that will grow to 350,000 square feet.
Officials likely to OK Kirby-Whitten Road funding: Bartlett Cordova YAHOO! Bartlett / Cordova Officials likely to OK Kirby-Whitten Road funding TDOT requires city to pay 20% of project By David Healy , Memphis Commercial Appeal Tuesday, July 22, 2008 Debra ...
Penn Specialty Chemicals Sells Assets to PennAkem: Sale Date: July 2, 2008 Buyer: Penn A Kem LLC Seller: Penn Specialty Chemicals Inc.