Policy

An Innovation Model will be set for the region to adopt so that economic assets and development parctioners can have a North Star to esnure efforts to grow the region take into consideration how capital, technology, and talent can assist the creation of new products and services, their commercialization, and sustained market activity. Entrepreneurship and small business activity must be reignited leveraging this innovation model to grow self employment, the number of employer firms, and their particpation in the global marketplace. The model must envision how the Memphis region develops its talent, business activity, economic resources, and its support organizations to not just plan for where we think the marketplace will be in 20 years; but to understand that industries today are constantly evolving, and so must the work to economically develop the Memphis region.

Young Firms & Job Creation

MEMx is concerned that not enough data and research has been dedicated to understanding the impact that firms less than 5 years old and less than 20 employees have in terms of net job creation for the region

Shared Economic Values

MEMx strives to align partners around shared economic values and strategies to inform an economic development delivery system and the needed capital stack to match. Without shared economic values our efforts tend to lack the connective tissue and true vision.

Future of Work

MEMx wants to explore how talent and workforce efforts are aiming for where future industries are going, and creating a workforce system aligned with existing and future corporate activity

Regionalism

Regions are defined by their unique industry concentrations, labor markets, and common infrastructure; however as we compete for talent, technology, and capital we must not fall into the zero sum game trap, but look to integrate with other regions on the uptick and share these economic assets for shared economic success. Regions must invite the exceptional and at the same time share the excpetional. This is what you are seeing in the global marketplace today.

Future Ready Infrastructure

Significant infrastructure investments are being made in the region, however more planning and design should be dedicated for building this infrastructure in a way that empowers the citizen, the employer, and civic organizations ensuring that massive retrofitting is avoided

Creative Capital

More dollars must be generated to attain the type of growth advertised in so many of the region's plans. MEMx will strive to help the region rethink and work to structure a capital stack that meets the needs of our talent and business community

Innovation Driven Economic Development Model

By Collaborative Economics

Prepared For The Bay Area Council Economic Institute Subcontractor to the California Space Authority Through a Grant from the U.S. Department Of Labor Workforce Innovation in Regional Economic Development (WIRED)

Prosper Memphis