A RESOLUTION BY MEMPHIS RAISE YOUR EXPECTATIONS (MRYE) TO FORMALLY RECOGNIZE THE CORPORATE COMMUNITY LEADERSHIP OF SMITH & NEPHEW USA
WHEREAS, in the current economic development environment, the area’s leading manufacturer in Smith & Nephew USA could have played the game, threatened to leave and likely been the beneficiary of $10M in Memphis & Shelby County tax incentives; and
WHEREAS, Smith & Nephew USA, who is already operating in a quality low-cost business environment in Memphis must have concluded that thankfully they are going nowhere and chose not to play the game while choosing to invest in Whitehaven; and
WHEREAS, Smith & Nephew USA’s local cost benefit analysis must have concluded that being a “good neighbor” that paid their taxes was in the interest of its shareholders; and
WHEREAS, More visionary corporate community leadership as exhibited by Smith & Nephew USA is needed in Memphis to serve the interests of corporations, small business and the community as a whole; and
WHEREAS, Smith & Nephew USA’s local corporate community leadership has gone for the most part unrecognized while it has the potential to be a game changer in the area of local Memphis and Shelby County economic development.
NOW, THEREFORE BE IT RESOLVED, that MRYE formally recognizes Smith & Nephew USA for its outstanding corporate community leadership in Memphis and Shelby County as a good neighbor.