What is Advance Memphis?
Advance Memphis is a community-focused ministry dedicated to empowering residents of South Memphis to achieve economic stability through various programs. They offer work readiness training, financial literacy classes, and job opportunities via their staffing agency, addressing the needs of unemployed and underemployed individuals. Additionally, they provide third-party logistics and e-commerce fulfillment services tailored to a diverse clientele, from startups to large firms. Their mission emphasizes building relationships and supporting individuals in overcoming personal barriers to achieve psychological and spiritual well-being.
How much funding has Advance Memphis raised?
Advance Memphis has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Advance Memphis
PPP
Public-Private Partnership
What's next for Advance Memphis?
With the recent strategic investment, Advance Memphis is poised to further expand its reach and impact within South Memphis. The substantial capital from this large-scale late-stage funding round will likely be directed towards enhancing their existing programs, potentially scaling their staffing agency operations, and broadening their logistics and e-commerce fulfillment services. This backing signals confidence in their model for fostering economic stability and personal growth, positioning them for sustained development and increased community support.
See full Advance Memphis company page
