Parkway Knows Memphis
Memphis, Tennessee has a diversified economy consisting of many
well-established companies such as Federal Express, International
Paper, Morgan Keegan, AutoZone, M.S. Carriers, and First Tennessee
Bank. Historically, this diversification has translated into
relative stability during times of economic uncertainty. A renewed
sense of enthusiasm exists in Memphis as a result of the commitment
shown by several large companies such as International Paper,
ServiceMaster, and ThyssenKrupp, who have established their
corporate headquarters in the Memphis area. Furthermore, given that
Memphis is a major health center that is home to the University of
Tennessee medical and dental schools, St. Jude's Children Research
Hospital, Medtronic, Inc., and other notable medical facilities,
Memphis continues to attract biomedical research and
technology-based companies. Revitalization efforts in downtown
Memphis have attracted over 28,000 residents to the CBD, and this
number is projected to increase to 33,000 by 2011. The metropolitan
Memphis area has a combined population of over 1.2 million people,
making it the 17th largest city in the United States at yearend
2006 and the second largest metropolitan area in Tennessee,
surpassed only by metropolitan Nashville.