Archive for the ‘Economic Development’ Category

                  We have no question about the good intentions that lie behind the push to give EDGE yet more power – this time the power to waive taxes for developers of apartments and hotels – but we have concerns that it’s being done without EDGE providing any […]

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by (RSS) Economic Development | February 8th, 2018 7:30am CST | 5 Comments

                        This post was written by a favorite Memphis economist of ours, David Ciscel, former Chair of the Economics Department, Associate Dean of Fogelman School of Business, Dean of the Graduate School; Dean of the School of Business at Christian Brothers University; and Senior […]

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by (RSS) Economic Development | January 24th, 2018 7:30am CST | 3 Comments

              In Monday’s blog post, Now What? Life After Amazon’s Rejection, we wrote: “But if you’re looking for a theme for the finalists, it is quality.  Where the Memphis metro decided many years ago to go for cheapness, these cities invested in quality – quality tech workforce, quality of […]

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by (RSS) Economic Development | January 22nd, 2018 7:38am CST | 14 Comments

                    So, can we now turn lemons into lemonade in the wake of the Amazon announcement that our community didn’t make the company’s Top 20 list? The odds were always astronomical that Memphis would ever make the list despite a good team try by economic development […]

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by (RSS) Economic Development | January 4th, 2018 7:47am CST | 4 Comments

            Following up our Data Points post from last week – Memphis Metro’s GDP Lags – economist David Ciscel posted data in the post’s comment.  However, the data were garbled so we are posting it here. Compensation Per Job by Metro Area Wages, Salaries + Employer/Government Benefits 2008-16 2008 2016 […]

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by (RSS) Economic Development | January 2nd, 2018 7:22am CST | 15 Comments

                            The following post was written by a favorite Memphis economist of ours, David Ciscel, former Chair of the Economics Department, Associate Dean of Fogelman School of Business, Dean of the Graduate School; Dean of the School of Business at Christian Brothers […]

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                        “Sprawl is a rot that tends to consume the old city. We can hope that Memphis is just 20 years behind other cities, as people across the country have come to recognize that high-density living is actually easier living. Other old cities are […]

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                      Looking back, there’s no real argument that suburban sprawl was not a direct hit on the city at its center, draining Memphis of its people and its resources and crippling its fiscal health while new infrastructure in the suburbs demanded by developers was taking […]

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by (RSS) Economic Development, Uncategorized | December 12th, 2017 7:51am CST | 7 Comments

                There are times when the truth hurts but the longer we obscure it, the longer it is before we get serious about finding solutions. That’s especially true when it comes to our economy. Strip away talking points, conversations about the beauty of business tax incentives to international […]

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by (RSS) Economic Development, Uncategorized | December 8th, 2017 7:30am CST | 10 Comments

                The average jobs growth for regions the size of the Memphis between 2007-2017 was 9.1%. Jobs growth for the Memphis region was 0.4% with jobs increasing from 642,500 to 645,300. Jobs Growth – Percentage of growth and number of jobs: 31.9% – Austin – 783,800 to 1,033,800 […]

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by (RSS) Economic Development, Poverty | December 6th, 2017 7:30am CST | 4 Comments

                    Continuing the theme from the last post, we cannot solve our region’s child poverty  rate – the highest of any MSA in the country – unless we are address the need for better paying jobs for parents. With its reliance on service class jobs, Memphis […]

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by (RSS) Economic Development, Livability | November 13th, 2017 7:25am CST | 12 Comments

Memphis in May International Festival has entered its fifth decade, and while its economic impact hits record levels, some important decisions loom in its future. We’ve made no secret of our admiration for the way the festival’s president and CEO Jim Holt brought it back from the edge of bankruptcy when he was hired 19 […]

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by (RSS) Economic Development, Education, Talent | November 8th, 2017 6:30am CST | 4 Comments

                    It is hard to think of a smarter investment in this community’s future than pre-K, and that’s why we welcome Memphis City Council’s interest in protecting and expanding the program so every four-year-old can benefit. Three things occur to us as a result of the […]

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We were watching the Lost City of Z a few days ago about a doomed British expedition to the Amazon at the dawn of the 20th century, and it was a fitting metaphor for the cities who believe El Dorado can be found with Amazon.com, Inc. The elusive pursuit of riches in uncharted territory have […]

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by (RSS) Economic Development | October 26th, 2017 6:30am CST | 4 Comments

                “Our advantage is the Negro…and there is no race problem at all.” That comment was made in 1900 when The Commercial Appeal was assessing the state of a new century’s economy in Memphis, and the Business Men’s Club — an all-white group that would become the Chamber of Commerce — boasted how low […]

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by (RSS) Economic Development, Education | October 24th, 2017 6:29am CST | No Comments

                    It may not have made headlines, but it was big news nonetheless: Seeding Success and PeopleFirst Partnership merged. This new organization – now just called Seeding Success – is an exciting development because so much of the new thinking about education has come from the […]

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            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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