Memphis, TN is experiencing robust economic momentum, driven by major corporate expansions, large-scale data center investments, and transformative mixed-use and entertainment developments across the region.
Google Plans $10B Campus in Memphis Metro
September 2025
Google is planning a sprawling $10 billion data center campus on 1,200 acres in West Memphis, Arkansas. The project will include five data centers, offices, infrastructure systems, and a major utility substation, supported by a significant PILOT agreement and expected to catalyze AI infrastructure, clean energy expansion, and a long-term economic transformation in the Memphis metro.
Elon Musk’s xAI Buys 114-acre Former Power Plant in Southaven
Elon Musk’s artificial intelligence company has purchased the site of a former natural gas power plant near its massive data center project in Memphis, Tennessee.
DeSoto County Begins $160 Million Landers Center Expansion Project
What This Means For You: The project is set to create an $85 million, 100,000-square-foot expansion of the Landers Center — including 77,000 square feet of convention space — and a $75 million four-star, 240-room convention center hotel. Officials aim to open facilities by late 2027.
Kruger Products Plans Memphis Expansion with $35M Investment
What This Means For You: K.T.G. (USA) Inc. has announced plans to invest $35 million in a new line for bathroom tissue and paper towels at its Memphis manufacturing facility. The new line is expected to be completed in the second quarter of 2026 and create about 20 jobs.
Sediver Expands West Memphis Operations, Adding 25 Jobs
What This Means For You: Sediver, a Blackstone portfolio company, announced the expansion of its West Memphis manufacturing plant that will create 25 new jobs. The company plans to spend just under $1 million on the expansion, which will double the facility’s output capacity to support the growing demand for energy transmission line products in the United States.
Tractor Supply Expands Footprint with Upcoming Memphis-area Location
What This Means For You: Brentwood-based Tractor Supply Co. has filed for a construction permit for its latest Shelby County store. The company hopes to have a soft opening by January 2026, with a grand opening the next month. The location is expected to create 15 new jobs.
