Memphis-based nonprofit Epicenter recently announced it has raised $40 million to support entrepreneurs in the Mid-South, including a $10 million commitment from FedEx Corp.
Since 2015, Epicenter has helped launch more than 250 businesses. The new funds will allow the organization to pilot, launch and scale innovative small businesses by providing access to capital and other resources.
“Together with our partners across the region, we’re grateful to these funders, who share our vision that entrepreneurship is a viable economic development strategy to build a more vibrant, equitable and prosperous city,” said Leslie Lynn Smith, Epicenter’s president and CEO.
– Leah Steinberg, The 100 Companies