{"id":58,"date":"2017-12-02T16:23:42","date_gmt":"2017-12-02T16:23:42","guid":{"rendered":"https:\/\/wearememphis.saleampdev.com\/?page_id=58"},"modified":"2024-07-30T09:18:23","modified_gmt":"2024-07-30T14:18:23","slug":"the-market","status":"publish","type":"page","link":"https:\/\/wearememphis.com\/business\/the-market\/","title":{"rendered":"The Market"},"content":{"rendered":"

The soul of Memphis<\/a> runs deep\u2014and over the last decade, the Bluff City has been making quite a name for itself. More specifically, Memphis has staked its claim as one of the most progressive and diverse major metropolitan communities in the United States. We are a hub of commerce, education, art, media, and entertainment not just in West Tennessee, but in America as a whole.<\/p>\n

Why Memphis?<\/h2>\n

There\u2019s no single reason that our city finds itself at such an exciting crossroads, but we sure do have a shortlist. First off, our booming economy is built on a transportation infrastructure that has attracted top international corporations and led to flourishing business development.\u00a0And don\u2019t forget that makers, musicians, and entrepreneurs all thrive in our community, giving it a unique vibe that other metropolitan areas simply can’t replicate.<\/p>\n

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Memphis is growing<\/h2>\n

According to recent projections, the Memphis metro area is expected to grow at an unprecedented rate of 1.3 percent between 2017 and 2020, welcoming an estimated 17,000 residents. A long outlook from the present year through 2040 suggests the arrival of an additional 50,000 residents at a growth rate of 3.9 percent, which will push the local population to over 1.4 million.<\/p>\n

What makes Memphis so great for business growth?<\/h2>\n

You may have heard that Memphis is a great place to start a business, but do you know why? Both commercial and residential real estate are affordable, and our low tax rates and business-friendly regulations sweeten the pot. Combine those factors with our civic pride and renowned work ethic, and you have the recipe for startup<\/a> success.<\/p>\n

Memphis offers:<\/p>\n