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Memphis Business News

BUSINESS NEWS

Interior of a new calzone restaurant with colorful dishes

Memphis Welcomes New Calzone Spot at Local Filling Station

June 12, 2025

News Summary A new calzone restaurant has opened at the Memphis Filling Station, offering a variety of fresh calzone options for takeout and dine-in customers. This addition reflects the evolving...

Students in a Memphis classroom emphasizing safety measures.

Memphis-Shelby County Schools Board Approves $1.95 Billion Budget

June 12, 2025

News Summary The Memphis-Shelby County Schools board has approved a budget of $1.95 billion, the first under interim Superintendent Roderick Richmond. The budget allocates $1.37 billion for the general fund...

Construction site of xAI data center in Memphis with community members discussing in the foreground.

Conflict Erupts Over xAI Expansion Plans in Memphis

June 12, 2025

News Summary Memphis is facing tensions regarding Elon Musk’s xAI expansion plans, which propose multiple new sites in the area. While state officials emphasize job creation, community leaders raise concerns...

Futuristic portrayal of Memphis as a hub for AI innovation with tech elements in the skyline.

Memphis Emerges as a New Hub for AI Innovation

June 11, 2025

News Summary Memphis is being recognized as an emerging center for AI innovation with the opening of xAI’s Colossus and AAON’s significant investments. The developments promise job creation, bolster the...

Viewers outside a theater for the release of Materialists

Celine Song’s ‘Materialists’ Set for National Release in Memphis

June 11, 2025

News Summary Writer-director Celine Song’s film ‘Materialists’ is poised for a national release this week in Memphis, following her acclaimed work in ‘Past Lives.’ The film features a star-studded cast...

Opening ceremony of Meharry Medical College training center in Memphis

Memphis Welcomes Meharry Medical College’s New Training Center

June 10, 2025

News Summary Memphis has inaugurated the new Office of Memphis Programs for Meharry Medical College, marking its first satellite campus. This expansion aims to enhance local healthcare and educational access,...

Laboratory focused on innovative wound care solutions

SweetBio Advances Wound Care Solutions in Memphis

June 9, 2025

News Summary SweetBio, a biotech company in Memphis, is making strides in wound care with its innovative products like VERIS™ and APIS®. Founded by siblings Kayla and Isaac Rodriguez, the...

A diverse team working collaboratively in an office setting

Consilience Group Expands and Welcomes New Leadership in Memphis

June 9, 2025

News Summary Consilience Group, a women-owned professional services firm in Memphis, has announced growth and new leadership. Since 1999, it has expanded its reach to 19 states, providing services tailored...

A panoramic view of Memphis showcasing its burgeoning business landscape and skyline.

Consilience Group Expands Operations Across 19 States

June 8, 2025

News Summary Consilience Group, a Memphis-based women-owned professional-services firm, has expanded to 19 states since its inception in 1999. With a focus on people-centered services, they deliver strategic planning, assessment,...

Finance

Students in a Memphis classroom emphasizing safety measures.

Memphis-Shelby County Schools Board Approves $1.95 Billion Budget

June 12, 2025

News Summary The Memphis-Shelby County Schools board has approved a budget of $1.95 billion, the first under interim Superintendent Roderick Richmond. The budget allocates $1.37 billion for the general fund...

Memphis skyline depicting economic growth and development

Fred Smith Discusses Economic Challenges in Memphis

June 6, 2025

News Summary At the American Dream Initiative Solutions Summit, Fred Smith, founder of FedEx, addressed economic challenges facing Memphis, emphasizing the need for strategic investment in education, public infrastructure, and...

Architectural rendering of the new West Tennessee Bank in Germantown's medical corridor.

Germantown’s Medical Corridor to Welcome New Bank

June 4, 2025

News Summary A new bank proposed by West Tennessee Bank is set to open in Germantown’s medical corridor, enhancing accessibility for residents and healthcare providers. The Germantown Planning Commission has...

View of a Memphis neighborhood with single-family homes and rental properties

Memphis Welcomes Wall Street Investment

April 23, 2025

News Summary Memphis is experiencing a rapid transformation in its housing market due to an influx of out-of-town investment groups and hedge funds. Recent statistics indicate a significant decline in...

Aerial view of Memphis logistics industry during economic turmoil

Economic Turmoil in Memphis Following Trump Tariffs

April 11, 2025

News Summary Memphis faces significant economic challenges due to recent tariffs announced by former President Trump, impacting major local companies like FedEx and AutoZone. Stock prices are falling sharply, with...

Fresh produce displayed in a Memphis farmer's market with citizens shopping.

Memphis Residents Brace for Impact as EU Increases Tariffs

March 13, 2025

News Summary Memphis residents are preparing for potential price hikes on imported goods due to new tariffs imposed by the European Union in response to the U.S. reducing tariffs. This...

Diverse professionals collaborating in a banking office setting

Tanya Hart: From Teller to Executive Leader

February 17, 2025

News Summary Tanya Hart’s inspiring journey from a vulnerable neighborhood in Memphis to becoming the Executive Vice President and Chief HR Officer at First Horizon Corporation showcases the power of...

Workers performing tree trimming near power lines in Memphis

Memphis Utility Provider Resolves Legal Dispute with Tree-Trimming Company

February 1, 2025

News Summary Memphis Light, Gas and Water (MLGW) has settled a federal lawsuit against Asplundh Tree Expert, LLC, over contract breaches concerning tree trimming services vital for maintaining city power...

Scenic view of a Memphis neighborhood showing houses

Memphis Housing Market Sees First-Time Buyers Aging

January 21, 2025

News Summary The Memphis housing market is witnessing a significant shift, with the median age of first-time home buyers rising to 38 years, the highest since 1981. High interest rates,...

CONSTRUCTION

Manufacturing Facility Expansion

Radians Announces Major Expansion in Memphis, Boosting Local Economy and Workforce

September 11, 2024

Exciting Expansion for Radians in Memphis Memphis is buzzing with good news as a local manufacturer, Radians, has announced its plans to significantly expand its operations right here in town....

Corporate Campus Landscape

Exciting Development in Memphis: Prime Office Building Available for Sale

September 10, 2024

Exciting Development in Memphis: A Prime Office Building Hits the Market Here in Memphis, things are buzzing as a notable office building just became available for sale. The heart of...

Crispy chicken delight

Memphis Welcomes Kukuruku Crispy Chicken: A New Filipino-style Restaurant Opening Before Thanksgiving

September 10, 2024

Memphis is getting a tasty new addition to its food scene just in time for the holiday season. Kukuruku Crispy Chicken, a Filipino-style chicken restaurant, is set to open its...

Urban Development Debate

Memphis City Council Faces Community Backlash Over Proposed Whataburger Development on Union Avenue

September 4, 2024

Memphis City Council Divided Over Development Plans for Empty Lot on Union Avenue Memphis, Tenn. – The future of a vacant lot on Union Avenue is causing quite a stir...

Airport Locksmith at Work

Memphis International Airport’s Locksmiths: The Unsung Heroes of Security and Convenience

September 3, 2024

Memphis: The Unsung Heroes of Airport Security – Locksmiths In the bustling city of Memphis, where the planes take off and land at an impressive pace at the Memphis International...

Transit Spending Accountability

MATA’s Financial Mismanagement Sparks Service Cuts and Public Outcry in Memphis

August 30, 2024

MATA’s Spending Scrutinized Amid Service Cuts in Memphis Memphis, Tennessee – The Memphis Area Transit Authority (MATA) is under the microscope after recent reports highlighted extravagant spending amidst a looming...

Buc-ee's Construction Progress

Buc-ee’s Family Travel Center Coming to Fayette County Following Tax Incentives Approval

August 15, 2024

Buc-ee’s Heading to Fayette County: Tax Incentives Approved for Major Construction Fayette County, Tennessee, is getting ready for a major addition to the community as leaders have officially given the...

New Hotel Construction

Home2 Suites Hotel Set to Open in Downtown Memphis by October 2024

August 15, 2024

Home2 Suites Set to Open in Downtown Memphis If you’ve been strolling around Downtown Memphis recently, you’ve likely noticed an exciting new construction project taking shape at the corner of...

New hotel construction site

Exciting New Home2 Suites by Hilton Hotel Set to Open in Downtown Memphis in October 2024

August 14, 2024

Exciting New Hotel Coming to Downtown Memphis! Memphis residents and visitors, get ready for some exciting news! A shiny new four-story building is popping up at the corner of Vance...

Marketing

Memphis Young Entrepreneur Aiden Hubbard Sweetens Community with Mr. Lemon-Aiden Lemonade Stand

Memphis Young Entrepreneur Aiden Hubbard Sweetens Community with Mr. Lemon-Aiden Lemonade Stand

December 12, 2024

Memphis Wonder Kid Stirs Up Sweet Success with Mr. Lemon-Aiden Meet the Young Entrepreneur Making Waves in the Memphis Business Scene In the vibrant city of Memphis, a remarkable young...

Memphis Becomes a Major Hub for AI with Supercomputer Expansion and Tech Investments

Memphis Becomes a Major Hub for AI with Supercomputer Expansion and Tech Investments

December 7, 2024

Memphis Hits the AI Jackpot with Major Supercomputer Expansion MEMPHIS, Tenn. — Exciting news is buzzing around the city as xAI unveiled plans to expand its groundbreaking “Colossus” supercomputer facility...

Exciting Times Ahead for Memphis as Economic Ties with South Korea Strengthen

Exciting Times Ahead for Memphis as Economic Ties with South Korea Strengthen

December 5, 2024

Exciting Times Ahead for Memphis as Economic Ties with South Korea Strengthen Memphis, a city known for its rich cultural heritage and vibrant music scene, is now at the forefront...

Memphis City Council Faces Budget Challenges with New Funding Initiatives

Memphis City Council Faces Budget Challenges with New Funding Initiatives

December 5, 2024

Memphis City Council Tackles Budget Concerns with New Funding Shifts In the bustling heart of Memphis, the municipal juggernaut that is the City Council took center stage recently as it...

Memphis' 9906 Candle Co. Lights Up the Community with Handcrafted Aromas

Memphis’ 9906 Candle Co. Lights Up the Community with Handcrafted Aromas

November 27, 2024

Memphis Shines with the Sweet Aroma of 9906 Candle Co. Have you ever walked into a room and felt instantly transported to a cozy, happy place? That’s the magic of...

Exciting Initiative Launches to Propel Black-Owned Businesses in Memphis

Exciting Initiative Launches to Propel Black-Owned Businesses in Memphis

November 22, 2024

Exciting News for Memphis: Initiative to Boost Black-owned Businesses Memphis is buzzing with optimism as an organization dedicated to closing the racial income and wealth gap in U.S. cities has...

Exciting Developments in Education and Real Estate Transforming Memphis!

Exciting Developments in Education and Real Estate Transforming Memphis!

November 13, 2024

Exciting Updates Hitting the Streets of Memphis! Hey there, Memphis! Hope you’re all doing well. We’ve got some exciting news buzzing around the city that you might want to pay...

Memphis Sees Positive Shift in News Consumption and Community Perception

Memphis Sees Positive Shift in News Consumption and Community Perception

November 5, 2024

Memphis: The Shift in News Consumption and Community Perception Hey there, Memphis! Have you noticed how our local news landscape is changing? Well, recent data suggests that our dear city...

Exciting Leadership Changes Energize Southaven Chamber of Commerce

Exciting Leadership Changes Energize Southaven Chamber of Commerce

November 4, 2024

Exciting Changes at the Southaven Chamber of Commerce Southaven has something to celebrate! Late last week, the Chamber of Commerce made some exciting announcements regarding its leadership team. This news...

Real Estate

Community members supporting Harvest Church in a serene setting.

Germantown’s Harvest Church Expands amid Tragedy

June 6, 2025

News Summary Harvest Church in Germantown is moving forward with its expansion plans despite the recent tragic plane crash that claimed the lives of four church leaders, leaving Pastor Kennon...

View of Downtown Sheraton Hotel in Memphis under renovation

Memphis Moves Forward with Downtown Sheraton Redevelopment

June 4, 2025

News Summary Memphis has signed a consulting contract with Capstone Development to redevelop the Downtown Sheraton Hotel. The city is set to acquire the property for $22 million, with an...

Exterior view of the Downtown Sheraton Hotel in Memphis

Memphis Moves Forward with Downtown Sheraton Acquisition

June 3, 2025

News Summary The City of Memphis plans to acquire the Downtown Sheraton Hotel for $22 million to enhance tourism infrastructure. A City Council vote on this resolution is scheduled for...

Meeting on urban planning and city development in Memphis.

Memphis Appoints John Zeanah as Chief of Development and Infrastructure

May 31, 2025

News Summary The City of Memphis has appointed John Zeanah as its new Chief of Development and Infrastructure. Bringing extensive experience in urban planning, Zeanah will oversee critical departments to...

Community scene of new affordable housing developments in Memphis.

Memphis Launches Building Home Program to Combat Housing Crisis

May 29, 2025

News Summary Memphis is taking decisive action to tackle its affordable housing crisis with the introduction of the Building Home Program, unveiled by Mayor Paul Young. This initiative aims to...

Fire engulfing the historic Clayborn Temple in Memphis

Arson Destroys Historic Clayborn Temple in Memphis

May 28, 2025

News Summary A devastating fire deemed arson has ravaged the historic Clayborn Temple in Memphis, causing over $5.5 million in damages. Investigators are seeking a person of interest, and a...

Bar Limina's exterior after renovations

Bar Limina Receives Grant for Exterior Improvement

May 23, 2025

News Summary Bar Limina in Memphis has been awarded a $14,650 grant to enhance its exterior, including sidewalk repairs, landscaping, and new signage. This funding is part of a revitalization...

New liquor store near Woodland Presbyterian Church and School in Memphis

Memphis Community Disputes New Liquor Store Near School and Church

May 21, 2025

News Summary The opening of a new liquor store, The Station, in Memphis has sparked significant community debate. Located near Woodland Presbyterian Church and School, it faces opposition from local...

Demolition site of Somerset Apartments in Memphis

Demolition of Somerset Apartments Set to Begin in Memphis

May 20, 2025

News Summary The long-vacant Somerset Apartments in the Oakhaven community of Memphis will be demolished as part of a redevelopment plan to create quality, affordable housing. The initiative, announced by...

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