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