Tuesday, January 28, 2020

Mississippi Will Welcome Googles First U.S. Operations Center

Mississippi Will Welcome Googles First U.S. Operations Center rfinley@seodig… Tue, 01/28/2020 - 16:07

With Google's presence obvious in every American home, it may come as a surprise that none of its operations centers are located in the United States. This will change in 2020.  

Right before the Christmas holidays, Google announced its plans for the first U.S.-based operations center. Even though the exact location hasn't been disclosed, the facility is expected to appear in northwestern Mississippi in late 2020.

Google's first operations center opened in the Philippines in 2018. Instead of using third-party support as it did before, the tech giant decided to give users an opportunity to interact with Google employees.

The Philippines operation center started supporting users and customers in the U.S, UK, New Zealand, Australia, and the Philippines. Surprisingly, before 2018, Google didn't consider itself a large enough company to build its own customer support center.

To start on the right foot, the giant followed the example of JPMorgan Chase & Co, which put its Global Service Center in the Philippines back in 2005.

Google's operation specialists deal with a variety of support matters, from advertising assistance and payment problems (Google Wallet and Google Pay) to different product troubleshooting issues.  

By the end of 2020, the company expects to create more than 4,800 customer support jobs. At least 350 of them will be available in northwestern Mississippi.

"We are excited to continue growing our workforce across the Southeast and are confident that Mississippi will be a great home for Google," says Troy Dickerson, vice president of Google's operations center division.

A new U.S. - based operations center can provide new support opportunities for Google users in the United States. Considering the company's plans for new customer support jobs, opening the operations facility Mississippi is just the first step toward maximizing its service efforts in the U.S.A. and beyond.

Today, Google has operations centers in the Philippines and India. They employ around 1,000 people.

New Opportunities for Mississippi Residents 

Even though the exact location of the new operations center is currently unknown, rumor has it that it will open in the Memphis metro area. Hundreds of people will get an exciting opportunity to work for Google.

 "This operations center will give us the opportunity to hire amazing local talent as we expand in the region." – says Dickerson.

Google employees receive a wide variety of impressive benefits, including three weeks of paid vacations and up to 22 weeks of parental leave, excellent life and disability insurance, and much more. Such rewards as paid meals, culture clubs, games rooms, and employee resource groups, which Google is so famous for, are likely to be part of the package.

As Google enters the northwestern Mississippi areas, it doesn't just create new job openings. Many other companies are likely to follow suit and bring their business to Memphis, thus providing even more job opportunities and boosting the city's popularity.

Many local businesses are likely to benefit from the opening of a new Google facility. Servicing employees, providing housing, and offering entertainment is just part of the package. As a new location for Google's operations center, the Memphis metro area could attract new investments and increase its touristic value.  

The decision to bring the new facility to Mississippi was based on the number of local talent and the success of other giants such as FedEx and Amazon. Google is planning to contribute to the growing economy of the state while taking advantage of the existing benefits.

Making a Smart Investment 

With all the new opportunities opening up for Memphis residents as the plans for the Google operations facility come to life, investing in local property warrants extra attention. For more information, please contact us today.

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Tuesday, January 14, 2020

Why Property Investors Are Looking at Memphis in 2020

Why Property Investors Are Looking at Memphis in 2020 rfinley@seodig… Tue, 01/14/2020 - 19:28

Memphis, Tennessee, is a Southern city with which to be reckoned. Located right beside the Mississippi River, the city has more to offer property investors, tenants, and rental property owners than just terrific real estate prices.

One of the Great Music Cities in the US

The Blues Hall of Fame is in the city, and, of course, Memphis is the home of Elvis' Graceland. Most musicologists agree that Memphis is the birthplace of rock and roll. Ike Turner and his band recorded Rocket 88 at Sun Studios in 1951. Many agree that this was the first rock and roll song ever recorded.

Memphis' Beale Street is another music shrine in the downtown area. It hosts the Beale Street Music Festival, which in 2020 spotlights artists such as Mavis Staples, The Lumineers, LIL Wayne, and more on a four-stage venue in Tom Lee Park.

Memphis in May International Festival 

After more than 40 years of practice, this festival ranks up there among the most fun activities in existence. It includes four events:

  • The Beale Street Music Festival

  • International Week (Ghana highlighted this year)

  • The World Championship Barbecue Cooking Contest

  • The Great American River Run

Memphis: A Strong Business City

Besides being a hopping, beautiful, historic city, Memphis is well-known for its business savvy.  It is the city that birthed the world's first hotel chain and the first self-serve grocery store. Need we even mention that FedEx started in Memphis?

Additionally, Memphis is home to three Fortune 500 companies and over 100 Fortune 500 companies that operate out of Memphis. The city also piques the interest of Millennials looking for a place to call home. And, St. Jude Children's Research Hospital is attracting Gen Z-ers by the bucketload.

Rental Property in Memphis

Millennials are not abandoning the idea of owning a home, but according to a new survey from Freddie Mac, 82 percent of renters say renting is more affordable than owning. At this time, the median rent in Memphis is $950 per month. Rentals in Memphis are almost 25 percent lower than the metro area and nearly 30 percent lower than the national average. These numbers bode well for the possibility of continued rent increases. The highest rents are in Downtown Memphis, Mud Island, and River Oaks, where the average is between $1,184 and $1,325.

House Affordability in Memphis

Real estate investors rely on two basic metrics. They are the affordability index and the historic price changes. The FHFA 2019 Q2 House Price index results in this reality:

  • Memphis' home prices in the metro area have grown by over 110 percent since Q1 1991.

  • In the last five years, Memphis home prices have increased by almost 31 percent and expanded by 0.66 percent from the previous quarter.

  • The Kiplinger Tool shows that home prices in Memphis, since the real estate cycle peak in May 2006, have decreased by 7.6 percent.

  • Since the latest real estate cycle market bottom, March 2012, home prices in the city have increased by over 49 percent.

  • Memphis' affordability index is 1 out of 10, which means the metro area is one of the most affordable places to own a house in the US.

Memphis' Quality of Life Score

CBS News said this about the cost of living in Memphis: Memphis' COL is 14.3 percent lower than the national average. Not only are there numerous places to see and visit (the zoo, museums, theaters, and fabulous shopping) but the average two-bedroom, two-bath apartment rents for approximately $726 a month.

Reedy and Company

Our company manages rental properties for local and foreign investors. We offer more services to property investors than most other companies in this industry, including in-house maintenance, leasing, collecting, sales, and acquisitions. Our team is committed to tending to your tenants while guarding the interests of our owners. Discover more about us and our services at Reedy and Company.

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