FOOD + BEVERAGE MEMPHISMOVES.COM

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INDUSTRY SECTOR OVERIEW
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2015 - 2020 2015 -2020 % 2015 - 2025 2015 - 2025 %
Description                                         2015 Jobs 2020 Jobs 2025 Jobs
                                                                                       Change         Change    Change          Change

Dairy Product (except Frozen) Manufacturing              691      1,235     1,445          544          44%         754           52%
Soft Drink and Ice Manufacturing                         981       859       590         (122)         -14%        (391)         -66%
Snack Food Manufacturing                                 321       606       749           285          47%         428           57%
Starch and Vegetable Fats and Oils Manufacturing         757       600       502         (157)         -26%        (255)         -51%
Flour Milling and Malt Manufacturing                     248       580       701           332          57%         453           65%
Nonchocolate Confectionery Manufacturing                 589       446       415         (144)         -32%        (174)         -42%
Animal Slaughtering and Processing                       248       367       484           119          32%         235           49%
Seasoning and Dressing Manufacturing                     298       281       299          (18)          -6%           1            0%
Breakfast Cereal Manufacturing                           483       241       117         (242)        -100%        (366)        -314%
Bread and Bakery Product Manufacturing                    67       154       200            87          57%         133           66%
Fruit and Vegetable Canning, Pickling, and Drying         91       147       117            56          38%          27           23%
Distilleries                                              75       119       179            44          37%         104           58%
Animal Food Manufacturing                                 60       115       112            55          48%          52           47%
Cookie, Cracker, and Pasta Manufacturing                  47       107       169            60          56%         123           73%
Breweries                                                 48        88        71            41          46%          24           33%
Sugar Manufacturing                                       35        81        97            45          56%          61           63%

                                                        5,040     6,027     6,249          986          16%       1,209           19%
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NAICS Description                                                                            2020 Jobs              2025 Jobs            2020-2025 %
                                                                                                                                           Change
31151                    Dairy Product (except Frozen) Manufacturing                            1,235                  1,445                 15%
31191                    Snack Food Manufacturing                                                606                    749                  19%
31121                    Flour Milling and Malt Manufacturing                                    580                    701                  17%
31161                    Animal Slaughtering and Processing                                      367                    484                  24%
31194                    Seasoning and Dressing Manufacturing                                    281                    299                   6%
31181                    Bread and Bakery Product Manufacturing                                  154                    200                  23%
31214                    Distilleries                                                            119                    179                  34%
31182                    Cookie, Cracker, and Pasta Manufacturing                                107                    169                  37%
31131                    Sugar Manufacturing                                                      81                     97                  17%
31199                    All Other Food Manufacturing                                             70                     88                  20%
                                                                                                3,600                  4,411                 21%

                       7.00
                                                                                                            31121 Flour Milling and Malt
                                                                                                            Manufacturing
                       6.00
                                                                                                            31134 Nonchocolate Confectionery
                                                                                                            Manufacturing
                       5.00
                                                                                                            31122 Starch and Vegetable Fats
   Location Quotient

                                                                                                            and Oils Manufacturing
                       4.00
                                                                                                            31123 Breakfast Cereal
                                                                                                            Manufacturing
                       3.00
                                                                                                            31191 Snack Food Manufacturing

                       2.00
                                                                                                            31151 Dairy Product (except Frozen)
                                                                                                            Manufacturing
                       1.00
                                                                                                            31211 Soft Drink and Ice
                                                                                                            Manufacturing
                       0.00

 Location Quotient: Location quotients (LQ) are a useful way of quantifying how concentrated a particular industry, cluster, or occupation is in a region as
 compared to a larger geographic area. In more exact terms, LQ’s are a ratio that compares a smaller regional group to a larger reference region according
 to the same characteristic or asset. An LQ of 1 is equally concentrated within both areas. An LQ of 1.5 indicates that the smaller geographic region is
 50% more concentrated regionally, and an LQ of 2 indicates the geographic region is twice as concentrated regionally. An LQ of 0.5 indicates the smaller
 geographic region is 50% less concentrated against the larger geographic area
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Analyzing critical mass by occupations helps paint a robust picture of regional labor presence and workforce
supply. The top ten manufacturing and distribution related occupations are shown below and employ over
118,000 regional residents as a collective group.

o 75% of these occupations have a Location Quotient (LQ) score greater than 1, and a collective average LQ
  of 1.68. This indicates that these labor force is 68% more concentrated in the Memphis MSA than in
  comparable regions.
o The two occupations with the highest Location Quotients (General Transportation Labor and General
  Production Labor) allow for a great deal of versatility in occupational duties without a high level of
  specialization.

                                                                                        2020 Median         Median
                                                                               2020
   Industry     Description                                                            Location Hourly      Annual
                                                                               Jobs
                                                                                       Quotient Earnings   Earnings
 Distribution   Laborers and Freight, Stock, and Material Movers, Hand          36,196    3.01 $14.36         $29,869
 Distribution   Heavy and Tractor-Trailer Truck Drivers                         14,710    1.90 $23.23         $48,308
 Distribution   Stockers and Order Fillers                                      14,217    1.51 $13.69         $28,475
 Distribution   Light Truck Drivers                                              8,715    2.16 $17.73         $36,878
 Production     Miscellaneous Assemblers and Fabricators                         6,180    1.14 $15.85         $32,970
 Distribution   Industrial Truck and Tractor Operators                           5,813    2.11 $16.35         $34,015
                First-Line Supervisors of Transportation and Material Moving
 Distribution                                                                    5,337    2.66   $26.43
                Workers, Except Aircraft Cargo Handling Supervisors                                          $54,983
 Distribution   Packers and Packagers, Hand                                      4,396    1.69   $12.05      $25,067
 Production     Production Workers, All Other                                    3,308    3.80   $12.22      $25,412
 Production     First-Line Supervisors of Production and Operating Workers       2,964    1.16   $26.80      $55,748
 Production     Inspectors, Testers, Sorters, Samplers, and Weighers             2,557    1.08   $17.17      $35,717
 Production     Machinists                                                       2,239    1.48   $23.38      $48,623
 Production     Packaging and Filling Machine Operators and Tenders              2,067    1.29   $15.13      $31,463
                Passenger Vehicle Drivers, Except Bus Drivers, Transit and
 Distribution                                                                    1,996    0.80   $11.07
                Intercity                                                                                    $23,018
 Distribution   Driver/Sales Workers                                             1,559    0.84   $11.83      $24,614
 Production     Welders, Cutters, Solderers, and Brazers                         1,471    0.88   $21.57      $44,859
 Distribution   Cleaners of Vehicles and Equipment                               1,394    0.94   $12.62      $26,258
 Production     Food Batchmakers                                                 1,227    1.84   $19.81      $41,195
 Production     Paper Goods Machine Setters, Operators, and Tenders                989    2.32   $18.19      $37,838
 Production     Helpers--Production Workers                                        979    0.96   $13.63      $28,350

                                                                               118,314    1.68   $17.16      $35,683

   Located just across the Tennessee border in Horn Lake, Mississippi, is Newly Weds Foods.
   Credited with introducing Panko breading to the United States, Newly Weds has been an
   international leader in Food Ingredient manufacturing, research and development. Newly
   Weds also offers a unique three day turn around on repeat production. Recognizing the
   importance of speed and proximity to their customers, Newly Weds houses one of its 26
   global locations here in the Memphis area.
FOOD + BEVERAGE MEMPHISMOVES.COM
More than 58,000 students in the Greater Memphis region are enrolled in four-year and
 community colleges. With 12 universities and community colleges offering precision production,
 engineering, and manufacturing programs, the city is a magnet for the region’s talent. Focused on
 talent growth and retention, Tennessee also offers free community college to graduating seniors
 as well as adult learners wishing to continue their education via the Tennessee Promise and
 Tennessee Reconnect programs.

                                                                                               264
                                                                                         231
       TRANSPORTATION AND MATERIALS MOVING                                 169
                                                                             179
                                                                            176
                                                                         149
                                                                                                                376
                                                                                                          345
                          PRECISION PRODUCTION                                                           338
                                                                                               267
                                                                                         231
                                                                                         231
                                                                                                 284
                                                                                                                      425
  ENGINEERING TECHNOLOGIES AND ENGINEERING-                                                            319
                RELATED FIELDS                                                       206
                                                                                                       324
                                                                                                         345
                                                                                      224
                                                                                       229
                                     ENGINEERING                                      222
                                                                                   199
                                                                             158
                                                                                   190

                                                   0    50   100       150     200       250    300    350      400   450
      Program
      Completions:         2019
                          Series11      2018
                                       Series10      2017
                                                   Series9    2016
                                                             Series8         Series7
                                                                               2015         2014
                                                                                           Series6

 In 2019, 3,167 individuals completed educational programs with specific applications in the
 manufacturing and distribution industries. As compared to 2014, this is a CAGR of 8% for these
 programs in the region.

 Completion of all regionally available post-secondary education programs grew from 2014 to 2019
 by 6%, with the largest increase in Doctoral Degree program completions at 156%.

In 1859, 16-year-old Domenico Canale immigrated from Italy to Memphis to help his uncle operate a modest
fruit cart downtown. A mere seven years later he began a small food and liquor distribution business which
grew into the largest grocery distribution operation in the region due to the logistic access provided by the
Mississippi river. More than a century-and-a-half of prosperity and success followed the D. Canale Company
until it was sold in 2010. Honoring their great, great grandfather’s legacy of hard work an innovation, two
Canale family sons opened the Old Dominick Distillery in 2017 near the site of the original company’s
headquarters. This marks the first time since prohibition that whiskey has been legally distilled in Memphis,
Tennessee.
FOOD + BEVERAGE MEMPHISMOVES.COM
Typical Industrial Water Bill by MSA
Source: Memphis Light Gas and Water 2021 Rate Survey
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MEMPHIS DELIVERS.
 ROAD

 3RD BUSIEST
  TRUCKING
 CORRIDOR

 Leveraging its sophisticated roadway infrastructure, inbound and outbound commodities
 distributed via roadway amounted to nearly $250 billion and close to 75 million tons of cargo
 passing through the region in 2017. This volume represents approximately 70% of the region’s
 total freight motion.

                         The newest additions to the Memphis MSA’s already
                         robust system of roadways are the I-269 beltway
                         surrounding Memphis and its suburbs (already open), and
                         the I-69 corridor connecting Memphis diagonally to
                         southern Texas and eastern Michigan. I-69 is currently
                         segmented along its proposed route.
FOOD + BEVERAGE MEMPHISMOVES.COM
3RD LARGEST RAIL
     CENTER
RUNWAY

  WORLD’S
BUSIEST CARGO
   AIRPORT

 5th LARGEST
INLAND PORT
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