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The medical device industry in Memphis, Tennessee employs approximately 7,000 people directly and 10,000 people indirectly, generating $2.4 billion annually in economic impact for the local economy and $50 million in annual tax revenue. Facing the challenge of future growth limited by the supply of skilled workers in critical career pathways, MOVE-HIRE (Medical device Occupations Value Education - Help In the Regional Economy) is funded through a grant from the U.S. Department of Labor.
The GMACWorkforce MOVE-HIRE’s total project cost is $12,761,801 funded by a $5,992,314 (47%) grant from the United States Department of Labor and leveraged with $3,077,442 (24%) other Federal, $527,714 (4%) state, and $3,164,331 (25%) institutional and private funds.