What is New Memphis?
New Memphis is an organization dedicated to fostering a more prosperous and vital Memphis by focusing on talent attraction, development, activation, and retention. Recognizing the critical need for skilled individuals across various sectors – from businesses and government to education and community innovation – New Memphis actively works to bridge talent gaps. Their mission is to ensure that Memphis has the necessary human capital to thrive, solve complex problems, educate its youth, and drive future innovation.
How much funding has New Memphis raised?
New Memphis has raised a total of $403K across 2 funding rounds:
Debt
$150K
Debt
$253K
Debt (2020): $150K with participation from PPP
Debt (2021): $253K led by PPP
Key Investors in New Memphis
PPP
Public-Private Partnership
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for New Memphis?
With a substantial total funding amount and a recent strategic investment, New Memphis is well-positioned for continued growth and impact. The company's focus on talent development and retention suggests a strategic imperative to strengthen the region's workforce, thereby attracting further investment and fostering economic expansion. Future initiatives will likely concentrate on deepening community engagement, expanding talent pipelines, and forging stronger partnerships with local businesses and educational institutions to solidify Memphis's competitive edge in talent acquisition and development.
See full New Memphis company page
