The
Memphis area has a diverse and robust economy. Well positioned on America's largest river, the
Mississippi, and located near the population center of the United States, Memphis is a distribution hub.
FedEx maintains its global headquarters in Memphis and uses the
Memphis International Airport as its global superhub facility making the airport the busiest cargo airport in the United States.
UPS also uses Memphis as a hub. The area is also home to one of the United States largest intermodal logistics centers. This includes being the third-largest trucking corridor, fourth-largest inland port, and third-largest in class I railroad services. The Mid-South has the largest percentage of people employed in logistics in the U.S. The Mid-South is also home to several Fortune 500 and 1000 companies, including
FedEx,
AutoZone,
Regions Bank,
ServiceMaster,
BUPERS,
First Horizon Bank,
International Paper, and others. Companies including
Nike,
Baskin Robbins,
Sharp, and
Hewlett-Packard operate large distribution centers out of Memphis. Healthcare has begun to play a major role in the Mid-South's economy accounting for one in nine jobs. There are nineteen hospitals with over 4,100 beds in the Mid-South. The area is also home to
St. Jude Children's Research Hospital, a Nobel Prize winning hospital with over 1,200 scientists working there and the
University of Tennessee Health Science Center.
Tourism Tourism is also a major contributor to the Mid-South's economy with the region being known as the birthplace of Rock and Roll and Blues. Over eight million people visit the Memphis metropolitan area every year for tourist related activities. Over four million people visit
Beale Street every year making it the most visited attraction in Tennessee. The
Memphis Zoo is one of only four zoos in the U.S. to feature a giant panda and is routinely ranked as one of the best zoos in America. The Tunica casino resort area in Mississippi has over twelve million visitors annually and is the third largest gaming area in the U.S. after Las Vegas and Atlantic City. It also contains a lake beach at
Sardis Lake near
Batesville, Mississippi. ==Colleges and universities==