Our mission is to drive the Memphis business agenda for Greater Memphis.
MISSION VISION
Our vision is for the Greater Memphis area to be globally recognized as an economic leader with a global impact that fosters an authentic business environment unique to the soul of our city.
In this year's Annual Report, you'll see how Memphis has emerged as the Digital Delta, attracting transformative projects like xAI's planned expansion while advancing crucial infrastructure through the historic America’s River Crossing Project. These milestone achievements, alongside many others detailed in these pages, showcase how we're strategically positioning Memphis for future growth while creating high-wage jobs and expanding opportunities for all Memphians. Our 186-year legacy of driving regional growth continues to evolve as we position Greater Memphis at the forefront of innovation and economic development.
TED TOWNSEND PRESIDENT & CEO
KEY ACCOMPLISHMENTS
xAI
In June of 2024, the Greater Memphis Chamber announced xAI’s supercomputer would be in Memphis. This investment is one of the largest in Tennessee’s history and continues to emphasize Memphis’ position as the Digital Delta. After just six months in Memphis, xAI announced they would be expanding their supercomputer to over 1 million GPUs.
AMERICA’S RIVER CROSSING
After years of advocacy, the Greater Memphis Chamber helped secure a $393.75 million grant from the Federal Highway Administration, along with up to $250 million in funding from Tennessee and Arkansas, for a new Interstate 55 Bridge over the Mississippi River at Memphis, to be known as America’s River Crossing. This was a collaborative e ort involving the Chamber’s Transportation Committee, the Tennessee and Arkansas Departments of Transportation, and numerous other leaders advocating for the city, ultimately further solidifying Memphis as a global logistics leader.
WORKFORCE BOARD
The Greater Memphis Chamber was named the administrator and fiscal agent for the Greater Memphis Workforce Development Board. The Chamber is responsible for administering and distributing federal funding for workforce development to regional vendors and ensuring local programs are compliant with all necessary procedures.
SOUTH BY SOUTHWEST
This year the Greater Memphis Chamber was invited to Austin to participate in Launch Tennessee’s first ever Tennessee House. We hosted 6 sold out events and featured the city’s innovators and creators across various industries. Our Memphis-themed events were hosted on 3/9 so we aptly named it (3)901 Day. This was an opportunity for us to showcase all that Memphis has to o er.
AWARDS
We won big in 2024. Our success did not go unnoticed. Business Facilities Magazine awarded the Greater Memphis Chamber the 2024 Bronze Deal of the Year for attracting xAI to the city.
$2.2 BILLION TOTAL CAPITAL INVESTMENT (Additional $12 Billion from xAI)
3,800+ TOTAL NEW JOBS
1600+
TOTAL MEMBERS
435
NEW MEMBERS
Joined in 2024
175+ STUDENTS & EDUCATORS REACHED
BY THE NUMBERS
57.31K
TOTAL FOLLOWERS
Across all social media platforms
50+
NEW CHAIRMAN’S CIRCLE INVESTORS
Joined in 2024
219 TOTAL CHAIRMAN’S CIRCLE MEMBERS
212 NEW TEACHERS ONBOARDED TO THE REGIONAL ECONOMY & CAREER PATHWAY
4.3% UNEMPLOYMENT RATE
100+ TOTAL EVENTS
10.9 BILLION REACH (+200.2% in comparison to 2023)
2.5K MEDIA MENTIONS (+34.4% in comparison to 2023)
72 STUDENTS PLANNED TO GO THROUGH RAPID CREDENTIALING PROGRAM
655 YPC Members
16 MANUFACTURING COMPANY TOURS
$102.9 BILLION REGIONAL GDP As of 2023
116 RIBBON CUTTINGS
2024 BOARD OF DIRECTORS
EXECUTIVE COMMITTEE
GREGORY M. DUCKETT
Chairman of the Board
Baptist Memorial Health Care, EVP & Chief Legal O cer
Regions, Mid America Commercial Banking Executive & Memphis Market Executive
TOM NEWBERN
O cer
Autozone, Chief Operating O cer
RICHARD SMITH
O cer
FedEx, COO International, CEO Airline, GMC Board Past Chair
Tyrone Burroughs First Choice Sales & Marketing Group
Micheal Cristal Kroger
Craig Ga n Smith+Nephew
Jason Gillum JAG Investment Firm
Willie Gregory
Nike | GMC Board Past Chair
Kevin Kane
Memphis Tourism
Daphne Large Data Facts, Inc.
Jason Little Baptist Memorial Health Care
Neely Mallory
Mallory Alexander International Logistics
Stacy McCall
ServiceMaster by Stratos
Doug McGowen MLGW
Michael Scarbrough InnovAge
Jessica Taveau Epicenter
Blair Taylor Memphis Tomorrow
Chuck Thomas SWTCC
Michael Ugwueke Methodist Le Bonheur Healthcare
David Waddell Waddell & Associates, LLC
John Webb CIGNA Healthcare
Spence Wilson Jr. Kemmons Wilson Companies
Kera Wright ALSAC
A2H
Logan Meeks
ABB
Ralph Donati
Adams Keegan, Inc.
Jay Keegan
Alco Management
Berkeley Burbank
Allen & Hoshall
Harry Pratt
Allworld Project Management
Michael Hooks, Jr.
ALSAC
Richard C., Shadyac, Jr.
American Material Handling
Josh Lackie
American Residential Services
Chris Fairey
Amplify Cell Technologies
Kel Kearns
Aquaserv, Inc.
Witt Meloni
archimania
Barry Yoakum
AutoZone, Inc.
David McKinney
Baker Donelson
Ben Adams
Bank of America
Trevia Chatman
Baptist Memorial Health Care
Jason Little
Barnhart Crane & Rigging Company
Frank Smith
Barr Brands International
Joe Lyons
Bass Berry & Sims, PLC
Gil Uhlhorn
BDO
Mike Musick
Belz Enterprises
Ron Belz
Big River Steel
Lenore Trammell
BlueCross BlueShield of Tennessee
Kevin Woods
Blue Suede Networks
Charles Elliott
Boyle Investment Company
Matt Hayden
Bryce Corporation
Richard Williamson
Buckman International
Junai A. Maharaj
Butler Snow
Jason Yarbro
Campbell Clinic
Daniel Shumate
Cargill Cotton
Matt Dunbar
Carlisle Corporation
Chance Carlisle
C.A.T. Global
Chris Carr
CBIZ MHM, LLC
Eustis Corrigan
CBRE-Memphis
Frank Quinn
Charles River Laboratories
Ahmad Hussin
Chris Woods Construction
Grant Mills
Cigna Healthcare
John Webb
City Enterprises
David Andrews
Classic American Hardwoods
Bill Courtney Colliers
Tim Mashburn
Congruex
Jackie Schirmer
CSX Intermodal
Jane Covington
Cummins
Patricia Covington
Cushman & Wakefield | Commercial Advisors
Greg Spillyards
Data Facts
Daphne Large
DCA
Doug Carpenter
Deloitte
Jonathan Pennington
CHAIRMAN’S CIRCLE
Delta Benefits Group, Inc
Bobby Jones
Dillard Companies
Chris Bird
Diversified Trust
Robin Smithwick, III
Dobbs Equity Partners, LLC
John Dobbs
Dobbs Management Services, LLC
Edward Dobbs
Draslovka
Jimmy Stockbridge
Drexel Chemical Company
Leigh Shockey
Dunavant Enterprises
Bill Dunavant III
Duncan Williams Asset Management
David Scully
EDGE
Joann Massey
Elvis Presley Enterprises
Jack Soden
EnSafe, Inc.
Don Bradford
ESO Management Services
Jimmy Lackie
Evans Petree PC
Joe Getz
Evolve Bank & Trust
Becky Bowers
FedEx
Richard Smith
FESJC/PGA Tour
Joe Tomek
First Choice Sales & Marketing Group
Tyrone Burroughs
First Horizon National Corporation
Bryan Jordan
Flintco, LLC
Tim Weatherford
Fogelman Properties
Mark & Rick Fogelman
Ford-TEVC at Blue Oval City
Ermal Faulkner
Forvis Mazars, LLP
Kim Sheley
Frontdoor
Evan Iverson
Fullen Dock
Dan Nisbit
GP Cellulose
Chuck LaPorte
Gant Systems
Nick Gant
Gerber Taylor
Charles Gerber
Glankler Brown
Bill Bradley
Grant New Homes
Keith Grant
Gravity Productions
Mark Williams
Green Mountain Technology
Kevin McLaughlin
Higginbotham Insurance & Financial Services
Johnny Pitts
Highline Warren
Darcy Curran
Hunter Fan
Scott Ayers
Hyde Family Foundation
J.R. “Pitt” Hyde, III
Hyosung HICO, Ltd.
Jason Neal
IFF
Jason Wright
IMC Companies
Mark George
Inclusive Excellence Consulting
Mary McConner
Independent Bank
Susan Stephenson
International Paper
Andy Silvernail
JAG Investments
Jason Gillum
Jim Keras Automotive
Jim Keras
KBG Technologies
Kathy Buckman Gibson
Kemmons Wilson Companies
Spence Wilson, Jr.
Kimery Wealth Management
Kevin Kimery
Kroger
Micheal Cristal
Kruger Products
Mark Hauke
Landers Auto Group
Kent Ritchey
Leadership Memphis
Bobby White, Jr.
Lehman-Roberts
Pat Nelson
LeMoyne-Owen College
Christopher Davis
Linkous Construction Co.
Rusty Linkous
Louis Dreyfus Company
Joe Nicosia
LRK
Tony Pellicciotti
Lubin Enterprises, Inc.
Nathan Lubin
Mallory Alexander International Logistics
Neely Mallory, III
Martin, Tate, Morrow & Marston, P.C.
Clay Purdom
Marx-Bensdorf Realtors
Jimmy Reed
Memphis Area Transit Authority
Memphis Capital Group
Joel Banes
Memphis Grizzlies
Jason Wexler
Memphis Light, Gas & Water
Doug McGowen
Memphis Shelby County Schools
Roderick Richmond
Memphis Tomorrow
Blair Taylor
Memphis Tourism
Kevin Kane
Memphis-Shelby County Airport
Authority
Terry Blue
Methodist Le Bonheur
Healthcare
Michael Ugwueke
Meticulous
John Weston
Mid-America Apartment
Communities, Inc. (MAA)
Eric Bolton
Mid-South Drug Testing
Kelly Dobbins
Mimeo
Oliver Doughtie
Monogram Food Solutions
Karl Schledwitz
MoSH
NexAir, LLC
Bill Proctor
Nickson General Contractors
Octavius Nickson
Nike
Willie Gregory
Nucor Steel
Eric Nystrom
Olymbec, USA, LLC
Jason Berger
Orgill
Mike Keeney
Orion Federal Credit Union
Ashley McDurmon
OrthoSouth
Thomas Giel, III
OsteoRemedies
Chris Hughes
Oteka Technologies
Alandas Dobbins
Pathmark Transportation
Wes Kraker
Patterson Warehouses
Nathan Bell
PennAKem
Sameer Rupani
Phelps Dunbar
John Bobango
Pickering Firm, Inc.
Mike Pohlman
Pickler Wealth Advisors
David Pickler
Protech Services Group, Inc.
Dan Weddle
Raymond James
Ryan Ehrhart
Reaves Law Firm
Henry Reaves
Regional One Health
Reginald Coopwood
Regions Bank
David May
Renasant Bank
Shawn Clayton
Richardson International
Jim Meyer
Ring Container Technologies
Brian Smith
Riviana
Tim Gyovai
RKA Construction
Ryan Anderson
Running Pony
Jonathan Epstein
Saint Francis Healthcare
Scott Smith
Sedgwick Claims Management Services, Inc.
Jason Landrum
Seeding Success
Mark Sturgis
Self + Tucker Architects
Juan Self
Semmes Murphey Clinic
McVean Trading & Investments, LLC
Dow McVean
Medtronic
Mike Carter
Memphis Area Associations of Realtors
Amanda Creel
Kevin Thompson
Mueller Industries
Greg Christopher
National Civil Rights Museum
Russ Wigginton
National Guard Products
Lewie Smith
New South Capital Management
Steve Morrow
Pinnacle Financial Partners
Phillip May
Power & Telephone Supply
Company
Jennifer Pentecost Sims
Preserver Partners
Dana Pointer
ProTec
Andy Yambrek
John Lewis
ServiceMaster by Stratos
Stacy McCall
Silver Tree Residential
James Carmichael
Simmons Bank
Chuck Newell
Smith & Nephew, Inc.
Craig Ga n
Southeastern Asset
Management
Jessica Pressgrove
SouthernSun Asset Management
Michael Cook
SouthWorth Capital Management
Je Presley
St. Jude Children’s Research Hospital
James Downing
State Systems
Bob McBride
Stragistics Technology
Hughetta Dudley
Stratas Foods
Jack Straton
Strategic Resource Management
Brad Downs
StringBend Capital
Kevin McEniry
Stryker
Jeanine Redden
Supreme Sta ng
Eduardo Sanchez
Sylvamo
John Sims
Tri-State Truck Center Inc.
Jim Maddox
TruckPro
Chuck Broadus
Truist
Ted Miller
Trust Marketing
Ryan Robertson
Turner Construction
Andy Davis
UMRF Ventures
Pierre Landaiche
United Health Care
Robert Horton
University of Memphis
Bill Hardgrave
UTHSC
Peter Buckley
Vaco
Justin Farmer
Valero Energy-Memphis Refinery
Eric Brown
Vantiva
Rob Wipper
Varsity Spirit
Bill Seely
Vortex Aviation
Systems Technologies
Jeremy Simpson
TAG Truck Center
Gary Dodson
Tate Computer Systems
Sylvester Tate
Tennessee Carriers
Gordon Wynn
Tennessee Valley Authority
Chuck Marquis
The Crump Firm Architects
Metcalf Crump
The J.M. Smucker Company
Carlos Manning
The Peabody Hotel
Doug Browne
The Juice Plus+ Company
Paulo Teixeira
The P3 Group
Dee Brown
The Urban Child Institute
Gary Shorb
Michael Grace
W & T Contracting Corporation
Terrell & Wiley Richards
Waddell & Associates
David Waddell
Ware Jones Realtors
William Ware
Worlds Away
Robert Berry
Worldwide Business Group
Anthony Norris
Wyatt, Tarrant & Combs, LLP
Lee Harkavy
xAI
Brent Mayo
Yates Construction
Alex Teague
YMCA of Memphis & the Mid-South
Jerry Martin
Youth Villages
Pat Lawler
As leaders in the Chairman's Circle, we see firsthand why Memphis continues to attract world-class companies and talent – our strategic location, business-friendly environment, and unmatched quality of life make our region an ideal place to grow and prosper. The achievements highlighted in this Annual Report demonstrate how our members' commitment to showcasing Memphis' competitive advantages is paying dividends through new investments and opportunities. We're proud to partner with the Chamber in telling Memphis' compelling story and building on our momentum as one of America's most promising markets for business growth.
BILL DUNAVANT
2024 CHAIRMAN, CHAIRMAN’S CIRCLE
AMBASSADORS
Omar Aquil Momentum Financial Mid-South, LLC
Tara Barker Vitalant
Mary Beck Mid-South Transplant Foundation, Inc.
Amy Braden HopeWorks
Jana Cardona Designed for Success
Lea Carr Paragon Bank
Jamel Dagher Paragon Bank
Phil Gray Pinnacle Financial Partners Inc
DeJuan Hendricks iHeart Media
Scotty Hendricks New York Life
Christina Hendricks Memphis Grizzlies
MaryAnn Hendricks Memphis Grizzlies
Kimla Hill FedEx
Lakendra Je ries Memphis Grizzlies
Whitney Jo Playhouse on the Square
James Lenschau Wyatt, Tarrant & Combs, LLP
Amber Lias Pinnacle Financial Partners Inc.
Dhane Marques US Tax Works 2.0
Phillip May Pinnacle Financial Partners Inc.
Leslie McClora Nike
Benita McNeer Guaranty Bank
Susan Mealer Answering Advantage LLC
Bruce Meisterman Mid-South Public Communications Foundation /WKNO