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

Olive Branch traffic signal tabled: The City of Olive Branch is working with the Mississippi Development Authority to find another source of funding for the installation of a traffic signal at Stateline and Hacks Cross roads.
Mercury Printing Gives Davis Expanded Role as President: KEVIN DAVIS Position: President Company: Mercury Printing Basics: Davis recently was promoted to president from his role as vice president of finance and administration.
Community revitalization: 'Church talk' must yield to 'bank talk': Community revitalization: 'Church talk' must yield to 'bank talk' Rev. Dr. Floyd H. Flake is a quintessential expert in faith-based community revitalization.
Olive Branch traffic signal tabled: OLIVE BRANCH - The City of Olive Branch is working with the Mississippi Development Authority to find another source of funding for the installation of a traffic signal at Stateline and Hacks Cross roads.
Beale Street in Memphis Keeps Blues Music Alive: For more than 50 years, musicians on Beale Street have been playing what became known as the Memphis blues.
Howe's BrooklynTwo Octogenarian Vets Thrive in Heights Using Lifelong Rule: - Stay Active': THERE MUST BE SOMETHING ABOUT the water in Brooklyn Heights . This is a story about the vitality of two Heights residents, both veterans of World War II who are nearly 90, and their inspiring encounter on a ...
Taking Back Out Neighborhoods: Sober House: A Memphis preacher wants to help recovering drug addicts and alcoholics by opening Sober House, a new homeless shelter near Highland Heights.
Dining Out: Well Done: Mollie Fontaine Lounge: one of downtown's hippest hangouts. For many years Cielo, the fine-dining restaurant that Karen Carrier operated in a historic Victorian Village home at 679 Adams Avenue, enjoyed great ...