YOU'RE LISTENING TO

Mid Day Mix

2:00 PM - 3:00 PM

YOU'RE LISTENING TO

Mid Day Mix

2:00 PM - 3:00 PM

What the state says the economic impact is when the Megasite finds a tenant

BROWNSVILLE, Tenn.—The state commissioned the Sparks Bureau of Business and Economic Development at the University of Memphis to prepare a report on the expected economic impact of the Memphis Regional Megasite. The school completed its work in 2017. It used actual results gathered from similar developments and included the impact of ancillary jobs, investment and economic impact created by the project.

Highlights include—

Jobs: 18,871

Labor Income: $1.1 billion

Local Taxes: $60.1 million

State taxes: 120.4 million

Federal Taxes: $399.3 million

Total production output: $9.7 billion

(All data is reported as annual results) 

The report states that more than 23,000 construction jobs will be created and it is expected $3 billion will be invested.

“The recruitment activity would generate new employment and income opportunities for residents of each county on the region…. All counties in this area would share in the benefits…” the report states.

Share On

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
Monday-Friday
Saturday-Sunday

Deal Of the Day

Tuesday

TuesdayGet Deal

Stock Market Brought To You By Talk N West TN

Crypto Brought To You By Mann's Wrecker

    Bitcoin