Economic Gardening of 2nd Stage Companies

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Memphis – Shelby County Economic Gardening Trial Program : Recruitment Session

Small businesses represent 99.7 % of employer firms, employ 50% of all private sector employees, and create more than half of the nations’ private GDP – impressive statistics tells us small businesses are important to the U.S. economy. While we embrace the value of small businesses in the local community, economic developers and community leaders may wonder how to best support them in their transformation into thriving, long – term sustainable businesses that grow jobs and provide maximum impact in the community.

economic-gardeningOne current solution currently being tested is Economic Gardening – a strategy used successfully in local communities across the country to implement traditional business recruitment and retention strategies. Economic Gardening allows communities to search their back yard for rich sources of entrepreneurial and small business activities to grow and sustain strong local economies. This strategy has the potential to enhance place – based neighborhood transformation initiatives now underway in Memphis and Shelby County.

Economic Development Growth Engine (EDGE) for Memphis and Shelby County and the Mayor’s Innovation Delivery Team are hosting an Economic Gardening Recruitment Session with the following goals in mind:

»        Recap from last year’s Economic Gardening 101 Session

»        Explain how this strategy benefits local economic growth

»        Recruit companies to participate from Innovation Delivery Team focus areas and municipalities in Shelby County

Please RSVP by Thursday, August 22nd to Dorian Spears (dorian.spears@memphistn.gov).

 

Friday, August 23rd | 8:30 – 10:00 AM                                    

Lowe Foundation – Information on Economic Gardening

Memphis BioWorks Foundation – Auditorium

20 South Dudley, Memphis, TN 38103

Economic Gardening Presentation by Mark Lange

Continental Breakfast will be provided

 

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