Memphis is set to receive a substantial business inflow with Reconext, a Texas electronics company, announcing plans to open a new facility in the southeastern part of the city. The Greater Memphis Chamber disclosed that the move is poised to create over 200 local jobs and entails a $9 million investment, as reported by WREG. The roles available will span engineering, administrative, and production capacities, with the site expected to be fully operational by early 2025.
Reconext is recognized for providing aftermarket services, including repair and refurbishment of electronics as well as asset recovery. A staggering 40% of Fortune 500 companies are listed among their clientele, and the company boasts an international presence with 23 worldwide locations. Ted Townsend, President and CEO of the Greater Memphis Chamber, highlighted the strategic benefits of this expansion, stating, "By choosing Memphis for their expansion, Reconext is leveraging our city’s exceptional logistics network to enhance their customer support." This strategic decision aligns Reconext with Memphis' growing identification as the "Digital Delta," further established by Elon Musk's xAI supercomputer project, according to details from WREG.
In synchronization with local enthusiasm, state officials also expressed their support for the Reconext expansion. "These 200 new, high-quality jobs will create greater opportunity for families across this region for years to come," Tennessee Governor Bill Lee conveyed, as noted by Local Memphis. Additionally, TNECD Commissioner Stuart C. McWhorter pointed out an important contribution of Reconext's arrival to Tennessee's advanced manufacturing sector, which already provides jobs for over 153,000 Tennesseans.
From a macroeconomic perspective, the Southeast region stands to gain significantly from the establishment of Reconext's new hub. The presence of this leading electronics service provider is expected to solidify Memphis's standing within the tech industry, offering a robust asset to its logistical capabilities. "From Memphis, 95% of global consumers can be reached by air within 72 hours," Ted Townsend elaborated, as detailed by Action News 5. This geographical advantage serves both the company’s logistical needs and positions Memphis as a nexus for international trade and commerce.
