Memphis
Capital of the Mid-South
Leadership Memphis
Memphis MSA
Population Projections Memphis MSA
2010 Census 2015 % Change 2020
% Change 2025
% Change
Memphis MSA 1,316,100 1,329,379 1.0% 1,353,457 1.8% 1,401,079 3.5%
Shelby 927,644 887,968 -4.3% 875,972 -1.4% 892,254 1.9%
Tipton 61,081 62,837 2.9% 66,124 5.2% 71,161 7.6%
Fayette 38,413 47,925 24.8% 54,051 12.8% 54,901 1.6%
Benton 8,729 8,731 0.0% 8,759 0.3% 8,804 0.5%
DeSoto 161,252 196,459 21.8% 219,151 11.6% 240,491 9.7%
Tunica 10,778 11,864 10.1% 12,453 5.0% 12,902 3.6%
Tate 28,886 28,595 -1.0% 29,699 3.9% 30,922 4.1%
Marshall 37,144 37,691 1.5% 38,390 1.9% 38,987 1.6% Crittenden, AR 50,902 56,040 10.1% 57,617 2.8% 59,461 3.2%
Source: Univ. of MS, Univ. of TN, Univ. of AR
Memphis MSA Population Growth 2010 -2015
Source: Nielsen Claritas
Source: EMSI
Source: EMSI
Source: EMSI
IRS Migration StatisticsShelby Inflow Shelby Outflow
Migrants DollarsDollars/Person People Dollars
Dollars/Person
Crittenden, AR 318 $ 9,255,000
$ 29,104
283
$ 8,737,000 $ 30,873
Benton, MS 28 $ 851,000
$ 30,393
27
$ 727,000 $ 26,926
DeSoto, MS 1,608 $ 47,615,000
$ 29,611
1,889
$ 69,275,000 $ 36,673
Tunica, MS 69 $ 1,369,000
$ 19,841
55
$ 1,435,000 $ 26,091
Tate, MS 83 $ 2,507,000
$ 30,205
81
$ 2,701,000 $ 33,346
Marshall, MS 272 $ 6,340,000
$ 23,309
283
$ 8,252,000 $ 29,159
Tipton, TN 615 $ 17,774,000
$ 28,901
650
$ 23,116,000 $ 35,563
Fayette, TN 528 $ 18,178,000
$ 34,428
652
$ 31,448,000 $ 48,233
Source: IRS Individual Master File, Statistics of Income, October 2011
Inleakage of Retail Sales
Rank Area name Total Personal Income Retail Sales
Sales to
Income Ratio
In/Out Leakage
1 Sevier, TN $ 2,932,819,000 $ 2,013,717,344 0.687 $ 1,217,230,510
2 Rutherford, TN $ 8,714,005,000 $ 5,979,560,363 0.686 $ 3,611,987,040
3 Hamblen, TN $ 1,894,032,000 $ 1,263,615,633 0.667 $ 739,228,906
4 Putnam, TN $ 2,288,083,000 $ 1,351,063,918 0.590 $ 686,790,376
5 Madison, TN $ 3,469,897,000 $ 2,044,495,429 0.589 $ 1,036,689,443
6 Lewis, TN $ 295,590,000 $ 170,900,927 0.578 $ 84,770,841
7 Knox, TN $ 16,994,073,000 $ 8,661,782,921 0.510 $ 3,703,334,917
8 Davidson, TN $ 30,069,470,000 $ 14,328,356,384 0.477 $ 5,650,572,199
9 Henry, TN $ 990,912,000 $ 470,865,196 0.475 $ 185,067,972
10 Cumberland, TN $ 1,691,634,000 $ 802,269,993 0.474 $ 314,579,601
Inleakage of Retail Sales
Rank Area nameTotal
Personal Income
Retail Sales
Sales to
Income Ratio
In/Out Leakage
35 Monroe, TN $1,186,150,000 $405,833,601 0.342 ($17,099,712)
36 Anderson, TN $2,730,119,000 $930,307,899 0.341 ($40,488,014)
37 Rhea, TN $866,996,000 $295,336,379 0.341 ($12,887,021)
38 White, TN $660,893,000 $223,910,675 0.339 ($10,183,048)
39 Lincoln, TN $1,070,493,000 $361,769,317 0.338 ($16,761,461)
40 Shelby, TN $38,116,646,000 $12,802,621,499 0.336 ($619,625,073)
41 Macon, TN $637,517,000 $213,766,833 0.335 ($10,467,473)
42 Warren, TN $1,093,832,000 $358,394,662 0.328 ($20,295,103)
43 Greene, TN $2,241,821,000 $729,117,557 0.325 ($43,049,907)
44 Smith, TN $610,470,000 $193,567,876 0.317 ($13,007,429)
45 Gibson, TN $1,519,810,000 $476,154,832 0.313 ($33,797,204)
State & Local Tax Burden
• TN - 7.7%
• MS - 8.7%
* Percentage of Wages Paid in State and Local Taxes
Source: Tax Foundation
Property Tax Comparisons
County Rate City Rate
Combined Rate
Estimated Tax on a $10
Million Commercial
Building
Davidson $ 3.9240 Nashville $ 0.5920 $ 4.5160 $ 180,640
Hamilton $ 2.7652 Chattanooga $ 2.3090 $ 5.0742 $ 202,968
Knox $ 2.3200 Knoxville $ 2.7257 $ 5.0457 $ 201,828
Madison $ 2.1500 Jackson $ 1.9619 $ 4.1119 $ 164,476
Maury $ 2.6200 Columbia $ 1.4400 $ 4.0600 $ 162,400
Montgomery $ 2.9747 Clarksville $ 1.1832 $ 4.1579 $ 166,316
Rutherford $ 2.4867 Murfreesboro $ 1.2066 $ 3.6933 $ 147,732
Shelby $ 4.3700 Memphis $ 3.4000 $ 7.7700 $ 310,800
Sullivan $ 2.3054 Bristol $ 2.2500 $ 4.5554 $ 182,216
Source: Tennessee Department of Revenue
Current Local Sales Tax Options
County Rate City Rate Davidson 2.25% Nashville 2.25% Hamilton 2.25% Chattanooga 2.25% Knox 2.25% Knoxville 2.25% Madison 2.75% Jackson 2.75% Maury 2.25% Columbia 2.25% Montgomery 2.50% Clarksville 2.50%
Rutherford 2.75% Murfreesboro 2.75%
Shelby 2.25% Memphis 2.25% Sullivan 2.25% Bristol 2.25%
Source: Tennessee Comptroller of the Treasury Division of Property Assessments
Worker FlowsBenton
Crittenden DeSoto Fayette
Marshall Shelby Tate Tipton Tunica
Benton
425 -
11
2
27
18
23
5
5
Crittenden
3 8,728
361
52
7
1,692
29
116
18
DeSoto
217
293
21,337
257
2,058
9,786
2,007
213
243
Fayette
42
48
166
2,825
189
1,783
8
336
4
Marshall
308
14
585
69
2,722
445
168
36
40
Shelby
556 5,980
33,010
10,647
4,159
311,859
2,060
13,476
246
Tate
35
18
555
14
94
247
2,352
12
68
Tipton
6
73
52
182
5
1,083
2
5,364 -
Tunica
74
73
2,970
12
108
1,852
580
25
2,327
Source: U.S. Census Bureau, OnTheMap Application, 2011
Annual Average Wage
US Tennessee Shelby Davidson
Natural Resources & Mining $ 55,944
$ 39,685
$ 42,891
$ 124,778
Construction $ 52,298
$ 47,120
$ 50,651
$ 55,588
Manufacturing $ 60,496
$ 54,775
$ 81,407
$ 52,677
Wholesale Trade $ 68,226
$ 62,075
$ 66,084
$ 64,902
Retail Trade $ 27,731
$ 28,077
$ 30,421
$ 31,612
Transportation, Warehousing & Utilities
$ 53,023
$ 49,343
$ 61,110
$ 44,988
Information $ 81,955
$ 59,067
$ 55,575
$ 69,435
Financial Activities $ 80,110
$ 65,317
$ 90,549
$ 80,296
Professional & Business Services
$ 64,487
$ 51,585
$ 46,100
$ 65,389
Education & Health Services $ 45,285
$ 45,969
$ 48,410
$ 56,425
Leisure & Hospitality $ 20,218
$ 19,334
$ 19,642
$ 31,848
Other Services $ 49,289
$ 37,677
$ 33,563
$ 34,764
Source: US Bureau of Labor Statistics, TN Dept of Labor & Workforce Development, 2012
Targeted Industries
• Data Centers• Transportation-Related
Manufacturing• Food Processing &
Packaging• Solar Component
Manufacturing
Targeted Industries
• Polymer Science• Marine Research• Remote Sensing• High Performance Computing• Automotive
Targeted Industries
• Aerospace/Aviation• Automotive Assembly• Automotive Suppliers• Contact Centers• Communications & Information Technology• Remote Data Centers• Defense/Homeland Security• Food Processing• Metal Fabrication & Steel• Plastics/Polymers/Chemicals• Shared Services Centers• Shipbuilding• Timber/Wood Products• Warehouse & Distribution
Targeted Industries
• Bio-medical• Electronics• Manufacturing/Logistics• Information Technology• Music/Film/Tourism
Automotive Assembly Plants
© Younger Associates, 2011
Occupations in DemandEducation Required
Industrial Production Managers 12-15 yrs
Storage & Distribution Managers 16 yrs
Transportation Managers 16 yrs
Accountants/Auditors 16+ yrs
Financial Analysts 16+ yrs
Human Resource Managers 16 yrs
Customer Service Representatives 12 yrs
Electrical/Industrial Equipment Repairers 12-15 yrs
Conveyor Operators & Tenders 12 yrs
Materials Movers-Supervisors 12-15 yrs
Materials Movers-Laborers 12 yrs
Truck Drivers 12 yrs or GED
Source: Younger Associates Workforce Analysis
STEM DegreesGreater
Memphis Region
Engineering Technicians 285
Engineering 419
Mathematics 112
Computer Sciences 335
Chemistry, Biology, & Physical Sciences 876
The Annual Number of Science and Technology Graduates Is Low
Educational AttainmentConcentration of 16+ Years of Education
Source: Neilson Claritas
Area Megasites
© Younger Associates, 2011
Marketing Memphis Megasite
Any Style of Living is Available and Affordable
Memphis Regional Megasite Workforce MarketPopulation Growth
Memphis Regional Megasite Workforce Market
Population with 13-15 Years of Education
Higher Education
Memphis Regional Megasite Workforce Market
50
•Colleges, Universities, and Technical Schools
27
•Provide Training for Top Rubber Manufacturing Occupations
16,888
•Annual Graduates
2,217
•Annual Graduates Trained for Top Rubber Manufacturing Occupations
More New Technically Trained Workers Each Year Sources: IPEDS, BLS
Memphis Region Has Skilled Workers Available
Memphis Regional Megasite Workforce MarketTop Rubber Manufacturing Occupations
Sources: BLS, EMSI Complete Employment, Younger Associates
DescriptionNational
Rank2007 Jobs
2012 Jobs
ChangeAvg. Hourly
Earnings
Tire Builders 1 108 53 (55) $20.17
Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and Tenders 2 369 262 (107) $17.45
Team Assemblers 3 8,545 7,327 (1,218) $13.60
Inspectors, Testers, Sorters, Samplers, and Weighers 4 2,805 2,568 (237) $16.13
First-Line Supervisors of Production and Operating Workers 5 3,697 3,065 (632) $24.21
Mixing and Blending Machine Setters, Operators, and Tenders 6 1,132 976 (156) $14.43
Cutting and Slicing Machine Setters, Operators, and Tenders 7 544 410 (134) $15.80
Helpers--Production Workers 8 3,264 2,827 (437) $10.90
Industrial Machinery Mechanics 9 1,789 1,747 (42) $21.96
Maintenance and Repair Workers, General 10 8,472 7,786 (686) $17.60
Industrial Truck and Tractor Operators 11 6,494 5,925 (569) $14.50
Laborers and Freight, Stock, and Material Movers, Hand 12 30,508 28,940 (1,568) $12.15
Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic 13 509 323 (186) $13.35
Molders, Shapers, and Casters, Except Metal and Plastic 14 216 163 (53) $13.56
Production Workers, All Other 15 3,317 3,179 (138) $15.84
Memphis Regional Megasite Workforce Market
Unionization Rate Comparison
Percentage of Membership Among Private Employers
MSA Rate
Chicago 12.30%
Dallas 6.00%
Indianapolis 7.80%
Louisville 12.70%
St. Louis 13.80%
Memphis 4.70%
United States 8.40%
Top 5 Business Location Decision Factors
•Quality of Workforce•Infrastructure•Proximity to Markets or Suppliers•Access to Research & Development•Incentives•Quality of Life
What is “Quality of Life”?
• Economy rich and diverse enough to provide opportunities for two-professional households
• Strong K-12 educational opportunities• Environment where housing and
income are in equilibrium• Trip to work is a manageable commute• Communities that welcome diversity