Here’s a list we can be proud of. Not only did Memphis dodge Forbes’ most miserable cities list last month, but the city was ranked in the top three for most hiring in 2011 amongst the top 50 largest metropolitan statistical areas in the nation, according to the Thursday, March 29 Gallup Job Creation Index.
Memphis employers increased hiring by 38 percent last year. Other metro areas to report the most hiring include San Antonio and Houston.
In 2011, the Greater Memphis Chamber Economic Development Team, including Memphis Light, Gas & Water, the City of Memphis, Shelby County, Tennessee Valley Authority and the Tennessee Department of Economic & Community Development, secured over $1.1 Billion Dollars in new capital investment commitments and the commitment of 3700 new jobs in Memphis and Shelby County.
“2011 was a record-breaking year for economic development and growth in Memphis and Shelby County,” the Greater Memphis Chamber’s president and CEO John W. Moore said in a statement. “We are building on this momentum with more than 30 projects in the pipeline. The chamber and its partners are dedicated to keeping Memphis and Shelby County in the forefront for creating jobs and growing our economy.”
Earlier this week, The Brookings Institute ranked Memphis MSA third in the United States during the fourth quarter of 2011 for job growth.
“We are very proud of the recognition we have received in Memphis for new job growth,” said Ted Townsend, regional director of Greater Memphis for the Tennessee Department of Economic and Community Development. “Thanks to Governor Bill Haslam and Commissioner Bill Hagerty, we’ve been rebuilding our program and enhancing the incentives to both relocating and existing companies.”
To read the New York Times blog post which states that “the cities with the highest proportion of employers hiring were San Antonio and Memphis,” click here.