Archive for the ‘Economic Development’ Category

            Milken Institute’s 2016 Best-Performing Large Cities: In a ranking of the 200 largest MSAs, the Memphis metro ranks #149.   That was a significant move up the list from 2015 when the  region ranked #182, a change of 33 spots, which places Memphis in the top 20 cities with highest […]

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                  Around 35 years ago, I was involved in creating the first matrix for the Memphis and Shelby County Industrial Development Board – the forerunner to the Economic Development Growth Engine (EDGE) – in an effort to bring more rationality and discipline to the awarding of Payment-In-Lieu-Of-Taxes […]

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                Years ago, after listening to the latest idea for revitalizing downtown, former Beale Street developer John Elkington facetiously said Memphis is always chasing the latest trend, but “usually, it’s 10 years after everyone else.” Back then, his comment was met with knowing laughter, but maybe, just maybe, […]

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                    We can identify with Memphis Mayor Jim Strickland and the Greater Memphis Chamber when it comes to Amazon’s $5 billion competition.  It’s the same way we felt when the Powerball got over $600 million – faced with the equivalent of getting hit by lightning, we […]

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by (RSS) Economic Development | August 25th, 2017 7:38am CDT | 18 Comments

          The IRS Tax Statistics Migration Data have been released for 2013-14. Shelby County added 614 people from Nashville with salaries of $13.5 million but we lost 985 people to that city with salaries of $30.7 million; the net loss to Dallas was about $10 million, $3 million to Chicago, $1.5 […]

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by (RSS) Economic Development | August 18th, 2017 7:30am CDT | 25 Comments

              It seems an appropriate time to repost this commentary from March 12, 2015, because Memphis should be in the list above: There are several organizations that thankfully are working on talent attraction and retention in Memphis, but none of the work is more important than the Memphis Urban League […]

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                    It is not possible to think of a place in Memphis that more deserves a Tax Increment Financing (TIF) district than Binghamton. In fact, it’s been 11 years in the making.  That’s how long ago it was that a charrette – the Broad Avenue Planning […]

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                    It is an article of faith by many that handing out tax freezes conclusively sends a message that Memphis is a pro-business community. We think it does just the opposite. It says to the rest of the country that Memphis is not worth investing in […]

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by (RSS) Economic Development | July 6th, 2017 9:45am CDT | 5 Comments

            Fortune magazine is out with its list of the 500 biggest U.S. companies. Wal-Mart Stores remains at the head of the list although its profits are #11.  ExxonMobile falls from #2 to #4, and its profits dipped to #27.  Apple remained #3 and profits were #1. Berkshire Hathaway moved […]

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by (RSS) Economic Development | June 23rd, 2017 12:02am CDT | 1 Comment

                      In the National Urban League’s definitive report, State of Black America, it ranks the largest U.S. metros for its Equality Index. Metro Area Income Equality – ranked from most to least equal – black and white income – 71 metros 1 – Riverside-SanBernardino-Ontario, CA […]

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            Memphis and Liverpool continue their connections this summer with a “songwriters exchange” called From Memphis to the Mersey.  Two people from each city will be selected to engage in an intensive experience in the historic music cities. Memphis’ connections to Liverpool began several years ago with an outreach by […]

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                    In a post last week, I wrote that although there is the widespread attitude that Memphis and Shelby County are the victims of forces beyond their control, current conditions instead result from choices that were made here, some of them many decades ago.  I expanded […]

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by (RSS) Economic Development | June 9th, 2017 12:11am CDT | 7 Comments

            We’ve written recently that Memphis needs a disruption strategy to expand the economy and to create more jobs.  It seems clear that doing the same and expecting different results is not working. More evidence came this week with the jobs growth for the first quarter of this year compared […]

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by (RSS) Economic Development, Regionalism | May 30th, 2017 12:20am CDT | 6 Comments

                            Brookings Institution’s Metro Monitor is a set of objective metrics aimed at guiding the efforts of leaders to advance regional economies.  It tracks the economic performance of the nation’s 100 largest metro areas on growth, prosperity, and inclusion. Brookings said: “These […]

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                Only a few metros in the U.S. are seeing real wages grow at a notable rate and the Memphis MSA is not one of them. That said, metros seem to be dividing into the “haves” and the “have-nots” and only a few dozen record the 2-3% wage […]

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by (RSS) Economic Development, Tourism | May 12th, 2017 12:24am CDT | 12 Comments

                    The news media have recently been reporting about the economic engine that is tourism, spotlighting a report by a national tourism organization that it produces $3.2 billion in direct visitor spending. It is good news for the Memphis Convention & Visitors Bureau which has weathered […]

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                It is curious how exorcised we can get when Mississippi picks off a Memphis business for its economic benefit but how mute we remain when a Shelby County town like Collierville or Germantown does it. The difference between the companies being picked off is stark: the companies […]

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by (RSS) Economic Development, Regionalism | April 25th, 2017 12:40am CDT | 6 Comments

                    This may surprise you but we’ve got to say it: we’re tired of hearing about the paramount importance of regions and how regionalism is the road to a successful future for Memphis. And we admit that we were some of the earliest people who talked […]

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