Greater Memphis Chamber unveils plan to draw 50,000 new jobs to region

The Greater Memphis Chamber has a plan to draw tens of thousands of new jobs to the metro area by the end of the decade, and the plan focuses on inclusion, advanced industries and increasing science, technology, engineering and mathematics graduates.  

Ted Townsend, chief economic development officer for the Greater Memphis Chamber, said there could be “no more resignation than anything less than the spectacular for our region. Why? Because the competition is fierce.” 

The chamber unveiled its strategic growth plan Monday at the mid-year chairman’s forum at The Guest House at Graceland.  

Ted Townsend, Chief Economic Development Officer for the Greater Memphis Chamber, poses for a portrait, Friday, Oct. 29, 2021, in Memphis, TN.

The plan outlines how the region could gain 50,000 new, high-quality jobs by 2030, with half of those jobs going to minorities, a goal the chamber called “ambitious but attainable.” Helping with that effort will be the newly formed division for diversity and community development at the chamber. 

The vast majority of current economic growth is in advanced industries like artificial intelligence, machine learning, robotics, aerospace engineering and other similar industries, Townsend said.