The Greater Memphis Chamber Announces Goal of 600 New Contracts
Release date: 4/20/2017
Memphis, Tenn.—The Greater Memphis Chamber announced today a new goal to see 600 total new contracts for Minority & Women-Owned Enterprises (MWBE) and Locally, Owned Small Businesses (LOSB) by the end of 2017. This goal was created to directly address the low percentage of receipts MWBE businesses receive in Shelby County as well as to encourage local purchasing.
“The Chamber wants to ensure that it is easy and accessible for any business to succeed in Memphis. In 2017, the growth of local, small, minority & women-owned businesses became such a priority for our organization, that we made it part of our goals and objectives, which is what we measure our success by. It is vital to the Chamber that there be new opportunities for MWBEs and LOSBs so they have the same advantages as other businesses and this goal to grow the number of contracts will have a direct impact on their bottom line,” said Phil Trenary, President & CEO, Greater Memphis Chamber.
This goal is supported by other Chamber initiatives to help MWBE and LOSBs grow such as the Ascend Memphis Business Development Program which pairs intermediate and advanced MWBE/LOSB businesses with larger companies for a mutually beneficial partnership. Another initiative of the Chamber includes launching a web portal this year where businesses can find what contract opportunities are available and connect with MWBE and LOSB companies for those contracts. Since last year, the Chamber has been working to make certification more easily attainable and less costly for businesses who would are wanting to get certified.
For more information on participating, please visit www.memphischamber.com.
For more than 175 years, the Greater Memphis Chamber has been the lead economic development organization for Memphis/Shelby County, and is a private, non-profit, membership-driven organization comprised of 2,200 business enterprises, civic organizations, educational institutions and individuals.