Memphis Capital of the Mid-South Leadership Memphis

Memphis MSA

Population Projections Memphis MSA 2010 Census2015% Change2020% Change2025% Change Memphis MSA1,316,1001,329,3791.0%1,353,4571.8%1,401,0793.5% Shelby927,644887, %875, %892,2541.9% Tipton61,08162,8372.9%66,1245.2%71,1617.6% Fayette38,41347, %54, %54,9011.6% Benton8,7298,7310.0%8,7590.3%8,8040.5% DeSoto161,252196, %219, %240,4919.7% Tunica10,77811, %12,4535.0%12,9023.6% Tate28,88628, %29,6993.9%30,9224.1% Marshall37,14437,6911.5%38,3901.9%38,9871.6% Crittenden, AR50,90256, %57,6172.8%59,4613.2% Source: Univ. of MS, Univ. of TN, Univ. of AR

Memphis MSA Population Growth Source: Nielsen Claritas

Source: EMSI

IRS Migration Statistics Shelby InflowShelby Outflow MigrantsDollarsDollars/PersonPeopleDollarsDollars/Person Crittenden, AR 318 $ 9,255,000 $ 29, $ 8,737,000 $ 30,873 Benton, MS 28 $ 851,000 $ 30, $ 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, $ 1,435,000 $ 26,091 Tate, MS 83 $ 2,507,000 $ 30, $ 2,701,000 $ 33,346 Marshall, MS 272 $ 6,340,000 $ 23, $ 8,252,000 $ 29,159 Tipton, TN 615 $ 17,774,000 $ 28, $ 23,116,000 $ 35,563 Fayette, TN 528 $ 18,178,000 $ 34, $ 31,448,000 $ 48,233 Source: IRS Individual Master File, Statistics of Income, October 2011

Inleakage of Retail Sales RankArea name Total Personal Income Retail Sales Sales to Income Ratio In/Out Leakage 1Sevier, TN$ 2,932,819,000$ 2,013,717, $ 1,217,230,510 2Rutherford, TN$ 8,714,005,000$ 5,979,560, $ 3,611,987,040 3Hamblen, TN$ 1,894,032,000$ 1,263,615, $ 739,228,906 4Putnam, TN$ 2,288,083,000$ 1,351,063, $ 686,790,376 5Madison, TN$ 3,469,897,000$ 2,044,495, $ 1,036,689,443 6Lewis, TN$ 295,590,000$ 170,900, $ 84,770,841 7Knox, TN$ 16,994,073,000$ 8,661,782, $ 3,703,334,917 8Davidson, TN$ 30,069,470,000$ 14,328,356, $ 5,650,572,199 9Henry, TN$ 990,912,000$ 470,865, $ 185,067,972 10Cumberland, TN$ 1,691,634,000$ 802,269, $ 314,579,601

Inleakage of Retail Sales RankArea name Total Personal Income Retail Sales Sales to Income Ratio In/Out Leakage 35Monroe, TN$1,186,150,000$405,833, ($17,099,712) 36Anderson, TN$2,730,119,000$930,307, ($40,488,014) 37Rhea, TN$866,996,000$295,336, ($12,887,021) 38White, TN$660,893,000$223,910, ($10,183,048) 39Lincoln, TN$1,070,493,000$361,769, ($16,761,461) 40Shelby, TN$38,116,646,000$12,802,621, ($619,625,073) 41Macon, TN$637,517,000$213,766, ($10,467,473) 42Warren, TN$1,093,832,000$358,394, ($20,295,103) 43Greene, TN$2,241,821,000$729,117, ($43,049,907) 44Smith, TN$610,470,000$193,567, ($13,007,429) 45Gibson, TN$1,519,810,000$476,154, ($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 $ Nashville $ $ $ 180,640 Hamilton $ Chattanooga $ $ $ 202,968 Knox $ Knoxville $ $ $ 201,828 Madison $ Jackson $ $ $ 164,476 Maury $ Columbia $ $ $ 162,400 Montgomery $ Clarksville $ $ $ 166,316 Rutherford $ Murfreesboro $ $ $ 147,732 Shelby $ Memphis $ $ $ 310,800 Sullivan $ Bristol $ $ $ 182,216 Source: Tennessee Department of Revenue

Current Local Sales Tax Options County Rate City Rate Davidson2.25% Nashville2.25% Hamilton2.25% Chattanooga2.25% Knox2.25% Knoxville2.25% Madison2.75% Jackson2.75% Maury2.25% Columbia2.25% Montgomery2.50% Clarksville2.50% Rutherford2.75% Murfreesboro2.75% Shelby2.25% Memphis2.25% Sullivan2.25% Bristol2.25% Source: Tennessee Comptroller of the Treasury Division of Property Assessments

Worker Flows BentonCrittendenDeSotoFayetteMarshallShelbyTateTiptonTunica Benton Crittenden 3 8, , DeSoto , ,058 9,786 2, Fayette , , Marshall , Shelby 556 5,980 33,010 10,647 4, ,859 2,060 13, Tate , Tipton , ,364 - Tunica , , ,327 Source: U.S. Census Bureau, OnTheMap Application, 2011

Annual Average Wage USTennesseeShelbyDavidson 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 Demand Education Required Industrial Production Managers12-15 yrs Storage & Distribution Managers16 yrs Transportation Managers16 yrs Accountants/Auditors16+ yrs Financial Analysts16+ yrs Human Resource Managers16 yrs Customer Service Representatives12 yrs Electrical/Industrial Equipment Repairers12-15 yrs Conveyor Operators & Tenders12 yrs Materials Movers-Supervisors12-15 yrs Materials Movers-Laborers12 yrs Truck Drivers12 yrs or GED Source: Younger Associates Workforce Analysis

STEM Degrees Greater Memphis Region Engineering Technicians285 Engineering419 Mathematics112 Computer Sciences335 Chemistry, Biology, & Physical Sciences 876 The Annual Number of Science and Technology Graduates Is Low

Educational Attainment Concentration 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 Market Population Growth

Memphis Regional Megasite Workforce Market Population with 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 YearSources: IPEDS, BLS

Memphis Region Has Skilled Workers Available

Memphis Regional Megasite Workforce Market Top Rubber Manufacturing Occupations Sources: BLS, EMSI Complete Employment, Younger Associates Description National Rank 2007 Jobs 2012 Jobs Change Avg. Hourly Earnings Tire Builders (55)$20.17 Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and Tenders (107)$17.45 Team Assemblers38,5457,327 (1,218)$13.60 Inspectors, Testers, Sorters, Samplers, and Weighers42,8052,568 (237)$16.13 First-Line Supervisors of Production and Operating Workers53,6973,065 (632)$24.21 Mixing and Blending Machine Setters, Operators, and Tenders61, (156)$14.43 Cutting and Slicing Machine Setters, Operators, and Tenders (134)$15.80 Helpers--Production Workers83,2642,827 (437)$10.90 Industrial Machinery Mechanics91,7891,747 (42)$21.96 Maintenance and Repair Workers, General108,4727,786 (686)$17.60 Industrial Truck and Tractor Operators116,4945,925 (569)$14.50 Laborers and Freight, Stock, and Material Movers, Hand1230,50828,940 (1,568)$12.15 Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic (186)$13.35 Molders, Shapers, and Casters, Except Metal and Plastic (53)$13.56 Production Workers, All Other153,3173,179 (138)$15.84

Memphis Regional Megasite Workforce Market Unionization Rate Comparison Percentage of Membership Among Private Employers MSARate Chicago12.30% Dallas6.00% Indianapolis7.80% Louisville12.70% St. Louis13.80% Memphis4.70% United States8.40%

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