Market Overview

Oakland Emerging as Memphis Area Growth Community

Lowest Property Taxes, Chamber Efforts Building Momentum

Oakland, Tenn. (PRWEB) February 27, 2013

The growth efforts of family and business-friendly communities surrounding Memphis has an emerging star-Oakland. Located in Fayette County, just minutes from the Wolfchase shopping corridor and just southeast of Lakeland and Arlington, it boasts the lowest-in-the-state property taxes and is the fastest growing suburb in the Memphis area.

Between 2000 and 2010 Oakland saw explosive growth of 418%. It's estimated to grow another 19% from 2012 - 2017. Combined city and county taxes in Oakland are 75% lower than in Shelby County making it attractive to families and businesses alike.

“Oakland is a great place to live and work,” said Pattie Krepela, Executive Director of the Oakland Chamber. “Our cost of living, coupled with our high quality of life, makes Oakland a great place for growing families and businesses, and we are only minutes away from all the shopping, dining and entertainment options of Memphis.”

The Oakland Economic Development Committee recently launched a campaign to raise awareness for this rapidly expanding community. The campaign “It's Well within Your Reach” recently launched through television commercials, advertisements in local magazines and through social media. The Chamber also recently launched a new website, OaklandTNChamber.com, in conjunction with the effort. The site is intended to be a tool for the Chamber's many audiences, from the Oakland community, to newcomers and businesses.

“We've created new tools to address the tremendous demand for information about Oakland. We want to show families and potential businesses that this is the premiere growth area in West Tennessee,” said Arnie Birmingham, Chairman of the Chamber and member of Economic Development Committee and local businessman.

While close to the city, Oakland retains the charm of smaller Tennessee communities. It remains quiet and peaceful in an atmosphere of community-backed progress. Families and professionals in the eastern part of the Memphis metroplex may soon discover Oakland as a vibrant new home.

The Oakland Regional Chamber is a nonprofit action agency designed to support and enhance the economic environment and quality of life in our community. Oakland, Tenn. is located 19 miles from Bartlett east of Memphis with a population of more than 6,600. For more information, contact the Oakland Regional Chamber located at 51 Main Street in Oakland, TN, call 901.466.0286 or visit OaklandTNChamber.com.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/2/prweb10480089.htm

 

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