Wyatt, Tarrant & Combs, LLP is pleased to announce that Thomas R. Dyer has been honored by Tennessee’s Economic Development Council (TEDC) as the state’s leading volunteer advocate of economic development.
Dyer, a member of the Corporate & Securities Service Team, recently received the prestigious 2018 Jim Spradley Volunteer of the Year Award for his 20-year effort to further economic development in Memphis and Shelby County. As vice chairman of the Economic Development Growth Engine (EDGE) board, Dyer continuously supports a variety of local workforce initiatives and was a leader in developing a sustainable pipeline of skilled talent for the medical device industry in Memphis.
Other economic development efforts for which he was honored include: securing state funding for a medical device industrial facility in northeast Shelby County; advocating for a payment-in-lieu-of-taxes (PILOT) to support a $20-million expansion of a Thomas & Betts facility in Memphis; and promoting the approval of a $20-million expansion project for JNJ Logistics, which created 222 new jobs in the area. Dyer also is a strong proponent for the use of PILOTs as an economic development tool. He is a leading advocate to use PILOTs for two major development projects to upgrade and construct inner-city retail centers designed to enhance neighborhoods and attract tenants.