MDN: Memphis Chamber Announces Program to Assist Minority-, Women-Owned Businesses

MDN: Memphis Chamber Announces Program to Assist Minority-, Women-Owned Businesses

At a press conference fittingly held at the National Civil Rights Museum, The Greater Memphis Chamber announced their newest pilot program Thursday, Dec. 15: the Ascend Memphis Business Development Pilot Program.

The program will pair local, small, minority or women-owned businesses with established businesses from the Chamber’s Chairman’s Circle to provide business development assistance.

For the program’s inaugural year, 15 “member” businesses were chosen to partner with “leader” businesses from the Chairman’s Circle.

The pair will work over the course of a year to enhance the capability of program participants to be competitive, achieve entrepreneurial success and contribute to the strength and vigor of the local economy.

Robertson’s company was recruited by the Chamber to manage the new program.

Robertson was chosen in part because of her experience running a successful minority-owned business.

While participating in the 12-month program, the member businesses will work with their partner business to establish a time-specific action plan that will addresses the needs of the member business. The two businesses will also meet once a month to discuss progress.

After the initial 12-month process ends, the Ascend program will follow up with the member business for a year to identify what were some of the tangible successes and hardships they faced, such as capital acquisition, technical difficulties, increases in contracts and employee base growth.

Although only 15 business were chosen this year, Trenary said that the program will need to ramp up to include 50 to 60 participants a year in the near future.

The minority and women-owned businesses chosen to participate are 1Source, Evaporcool, Hagler Bruce & Turner, PLLC, Healthcare Institute, Industrial Equipment & Specialties, Jones & Tuggle, Neighborhood Pro Builders, Nickson General Contractors, Right Resource, Stragistics Technology, The Burger Joint, Think Inspired, TopCat Contractors, True Concierge and X-Cel Business Products.

MDN: Memphis Chamber Announces Program to Assist Minority-, Women-Owned Businesses

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