(Memphis Daily News) On one of the first pages of a more than 80-page plan to kick start entrepreneurial growth in the Memphis area, a reader is greeted with a stark assessment.
“The Memphis economy is broken,” reads one of the bullet points within the newly released development plan called MEMx, a blueprint developed by Memphis-based Start Co. with help from the national JumpStart Inc. organization as well as with input from more than 200 Memphis partners and community leaders.
That assessment is quickly followed with mentions of assets the plan says Memphis is “fortunately” blessed with and that can be used to fix its economy.
Using Start Co. as an example, the MEMx plan notes that since 2011 Start Co.’s metrics include 7,500 hours of technical assistance provided by Start Co., $530,000 in capital invested or granted by Start Co., and 2,000 participants in Start Co. programming, to list a few.
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