Ten years ago, the Greater Memphis Chamber, along with many business and community leaders, joined with the City of Memphis and Shelby County in the pursuit of an NBA Team. Part of the success in securing a team was the result of an economic impact study that showed the significant economic impact an NBA Team would have on the Memphis community. At the time, the study showed a great return on investment, and ten years later, the economic impact has more than doubled what was originally projected.

The Greater Memphis Chamber commissioned Younger & Associates to conduct the economic impact analysis on the Memphis Grizzlies and FedExForum. The total economic impact on Memphis/Shelby County generated by these activities is $223 million annually. This includes the impact of all spending by the Memphis Grizzlies, by the operation of FedExForum, and all visitor spending, as it flows through the Shelby County economy.

The total number of jobs supported in the Shelby County economy as a result of the economic activity generated because of FedExForum and the Memphis Grizzlies is 1,534. This includes the jobs employed directly by these two entities and jobs that exist throughout the Shelby County economy in support of the operations and visitor spending.

Memphis/Shelby County local tax revenues generated as a result of the Memphis Grizzlies, FedExForum operations and the related visitor spending total $5.3 million annually. This includes local sales tax, hotel/motel tax, other taxes such as business licenses, alcohol tax, motor vehicle registration and additional property taxes generated as a result of increased spending and employment.

To read the complete study, please click here.