March 2025
The Memphis, TN market is experiencing significant growth and economic development, driven by business expansions and a surge in job opportunities.
The Greater Memphis region is expected to add 10,232 new jobs across all industries by 2025.
Employment in the Greater Memphis region, which covers nine counties in the tri-state area, is expected to rise by 2% through 2025, bringing total regional employment to 658,955. The transportation and warehousing, health care, and manufacturing industries are predicted to experience the most significant job growth.
AAON cuts ribbon on $238 million Memphis investment
Tulsa-based AAON Inc. is expanding its presence and has officially chosen Memphis to mark its next chapter. The company is already talking about even more growth to its data center market, possibly creating roughly 800 new jobs over the next few years.
Agricenter launches plans for $124 million Innovation District
Agricenter president John Butler believes that by building out a $124 million, 137-acre innovation district for the agricultural industry, the Agricenter could become an engine of economic development. About 40 companies currently have a presence within the area that would encompass the innovation district. Butler hopes to double that number to reach the Agricenter’s ambitious job creation goals.
Elon Musk’s xAI buys new property in Memphis amid supercomputer expansion
Elon Musk-owned artificial intelligence firm xAI has bought a 1-million-square-foot property in Southwest Memphis as the startup looks to expand its Colossus supercomputer amid intensifying competition in the industry.
In-N-Out plans expansion into Memphis
The burger chain broke ground in Tennessee in September, with a goal of opening its first restaurant in Tennessee by 2026. The first In-N-Out locations in the state will come to the Nashville area, with more to come across the state including 4-5 stores in Memphis.
Breeze Airways is coming to Memphis airport, offering 3 new destinations
A Utah-based low-cost air carrier is coming to Memphis International Airport, with service to three destinations set to launch this spring. Breeze Airways will offer nonstop routes from Memphis to Raleigh-Durham International Airport (RDU) and Tampa International Airport (TPA), as well as a one-stop flight from Memphis to (Providence) Rhode Island T.F. Green International Airport (PVD). The flights will begin in May, and booking is available now.
Live Nation to operate new live music venue in Memphis
Crosstown Concourse and Live Nation announced plans for the 35,000-square-foot venue in Crosstown — and with it, seemingly more musicians and touring acts.
