Minority Small Business Development

Memphis Tomorrow, a CEO organization in Memphis, TN

The lack of economic opportunity for minority businesses in the Memphis MSA is well documented, creating a range of social problems and social costs for the entire community. To address this issue, TXP was retained by Memphis Tomorrow to identify targeted recommendations that could be implemented by clearly identified stakeholders. Three primary needs were identified: access to markets, access to capital, and capacity building. The report contained specific recommendations and the potential economic impacts that successful implementation could yield.