Community & Economic Development

MMDC's community & economic development work keeps the District's heart beating strong. From creating retail incubation opportunities along commercial corridors to providing services for businesses looking to open or grow here in the Medical District, MMDC works to ensure that the District is one of the best places to do business.  We help the District work for its residents  by connecting them to job opportunities and MMDC works to strengthen local, minority and women owned businesses by connecting them with procurement opportunities. 

Explore the tools below to connect with us around the areas that interest you. We look forward to doing business with you!

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Business Support

MMDC will walk you through the business support options that are available to you if you are looking to start or grow your business in the Medical District. Support we can provide ranges from business planning and securing loans to assisting business tenants and property owners with making improvements to the actual buildings the businesses are in. 

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Financial Incentives

MMDC's financial incentives are designed to put dollars where they will make the most impact for businesses and property owners. Our current incentives can be used for pre-development, facade, fences, lighting and signage.

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Retail Incubation

A thriving economy brings in all sorts of development, including retail and other service businesses.  MMDC's micro-retail and retail incubators provides spaces for highly motivated entrepreneurs to learn retail skills relatively quickly and test their business concepts in the District. 

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Location Assistance

Though we are not brokers, MMDC's location assistance is intended to connect businesses looking to locate in the District with available spaces. MMDC can also support property owners in securing tenants for vacant spaces.


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Featured Project: Edge Alley

Edge Alley combines a conventional business enterprise— neighborhood café—with an innovative new idea — incubating several micro-retailers and budding entrepreneurs.

Recognizing the immense potential of their location at 600 Monroe, Edge Alley’s ownership consulted early in their development process with MMDC about how they might realize their vision for this concept.

MMDC was able to provide a pre-development grant that connected the Edge Alley team with a local architecture firm who delivered initial renderings. MMDC also help manage a competitive application process through which entrepreneurs were selected to incubate in one of Edge Alley’s four micro-retail bays.  In addition, MMDC worked closely with entrepreneurs to help grow and sustain their businesses. 

To learn more about opportunities to start or grow your business in the District, please contact Vonesha Mitchell.


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Buy Local

MMDC partners with anchors on a District Purchasing Council that meets monthly to network, match with local/minority/women businesses, and connect to resources that support the development and expansion of businesses within Memphis and the Medical District. To learn more about Buy Local please email us.

Operation Opportunity

In 2017, the Memphis Medical District Collaborative and EPIcenter launched Operation Opportunity -- a business plan competition.  Operation Opportunity is one of several programs deployed by MMDC to capture and redirect some of the immense purchasing power of the Medical District's major hospital and higher education partners, particularly as a way to boost minority - and women - owned business enterprise (MWBEs). As a champion for regional entrepreneurs and resource for start-up businesses, EPIcenter was a logical partner.

WINNER PROFILES

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MEDHAUL

"How can we improve patient experience to improve health outcomes and patient satisfaction?" MedHaul is a software application intended to make the work of medical transportation for patients faster, easier, and more efficient. Check out their website here.

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SPARCO PROJECTPEDIA

Sparco Projectpedia is a new online project management tool that will assist institutions in managing staffing and supplier relationships. Unistar-Sparco Computers Inc., a 20-year-old IT company specializing in hardware and software, submitted the winning concept. “By knowing their challenges, we came up with a solution that is customized to what they want and will make them more efficient.”


 
 

Hire Local

MMDC is working on a partner-driven strategy that connects human resource departments with local workforce partners for tailored job training and pipeline development efforts to connect residents to jobs at anchor institutions.

Performance Highlights

·       Completed Data Analysis of Anchor Institution Hiring Demand

·       Laid groundwork for Hire Local council