Press Releases

Memphis Chamber CEO Hails Region’s ‘Record-Breaking Year for Economic Development, Growth’

Press Release from the Memphis Chamber of Commerce, March 30, 2012:

Gallup Job Creation Index shows Memphis MSA 38% Increase in Hiring – Chamber-led efforts assist

In a survey released by Gallup on Thursday, March 29, Memphis, Tennessee, was ranked in the top three for most hiring in 2011 amongst the Top 50 Largest MSAs in the United States. According to the Gallup Job Creation Index, the San Antonio, Texas, Houston, Texas and Memphis, Tenn., metro areas reported the most hiring. Memphis employers increased hiring by 38%.

In 2011, the Greater Memphis Chamber Economic Development Team, including Memphis Light, Gas & Water, the City of Memphis, Shelby County, Tennessee Valley Authority and the Tennessee Department of Economic & Community Development, secured over $1.1 Billion Dollars in new capital investment commitments and the commitment of 3700 new jobs in Memphis and Shelby County. Earlier this week, The Brookings Institute, ranked Memphis MSA 3rd in the United States during the 4th quarter of 2011 for job growth.

“2011 was a record-breaking year for economic development and growth in Memphis and Shelby County,” said John W. Moore, President & CEO of the Greater Memphis Chamber. “We are building on this momentum with more than 30 projects in the pipeline. The chamber and its partners are dedicated to keeping Memphis and Shelby County in the forefront for creating jobs and growing our economy.“

“We are very proud of the recognition we have received in Memphis for new job growth,” said Ted Townsend, Regional Director of Greater Memphis for the Tennessee Department of Economic and Community Development. “Thanks to Governor Bill Haslam and Commissioner Bill Hagerty, we’ve been rebuilding our program and enhancing the incentives to both relocating and existing companies.”

To see the complete Gallup Job Creation Index, please visit:

To read the New York Times blog post which states that “the cities with the highest proportion of employers hiring were San Antonio and Memphis.”

The Greater Memphis Chamber is the lead economic development agency for Memphis/Shelby County, and is a private, non-profit, membership-driven organization comprised of 2,300 business enterprises, civic organizations, educational institutions and individuals.

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