18,000 jobs, $4 billion impact: A look at Memphis’ medical device manufacturing industry
September 27, 2022
While Memphis might be known as the logistics capital of the world, another sector has been providing thousands of jobs and billions in gross domestic product for the region: the medical device manufacturing industry.
A new study released by the Greater Memphis Medical Device Council Tuesday showed more than 18,000 jobs in the Memphis area are directly or indirectly supported by the industry and the total wages paid to those workers are about $1.5 billion annually. The projected yearly economic impact of the industry on the region is more than $4 billion, about 5.5% of the Memphis GDP.
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