Business News

Agriculture needs a revolution for rural America to prosper. AgLaunch, a Memphis business accelerator, is facilitating innovation by supporting ag-tech companies and helping them partner with farmers.

Six years after its first store opened in Mississippi, the Fred’s retail chain set up its corporate headquarters in Memphis. The company called the Bluff City home from 1953 until recently.

Memphis has quickly become a center for logistics, medical and agricultural startup companies. The organizers of a major startup convention…

Memphis has quickly become a center for logistics, medical and agricultural startup companies. The organizers of a major startup convention have apparently taken notice.

Last year saw a flood of shared mobility operators bringing electric scooters and bicycles to Memphis. In June, Bird scooters made hundreds of shared electric scooters available throughout the city, just weeks after the introduction of Explore Bike Share.

Remote work has become quite popular, with nearly 4 million Americans working from home for at least half the week. Memphians who want a shared workspace should look no further than these spots:

Late last year, guitar-maker Gibson chose to move its guitar production from Memphis to Nashville. It did not take long for the company’s building to find a new occupant.

On-demand digital printing company Mimeo announced it will move its headquarters to Memphis, bringing 171 new jobs to the city. The company received $2.5 million in tax breaks to relocate.

The City of Memphis Office of Business Diversity & Compliance has partnered with Start Co to launch Propel, a business accelerator for minority-owned startups.

Up to 40 percent of food grown, processed and transported in the United States is never eaten, yet 1 in 8 Americans – or 40 million people – suffers food insecurity. The average four-person family wastes $1,500 a year on food.

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.

Memphis is a great place to be for women entrepreneurs. According to the website magnifymoney.com, Memphis is No. 4 on the list of best cities for women to start businesses and is notable for its high median income for women entrepreneurs and its strong startup scene.

Amazon is months away from opening a gigantic new distribution center in Memphis that is set to employ 600 people. The cutting-edge facility boasts high-tech machinery built to accept bulk goods, sort them and reload orders onto trucks in less than 25 minutes. The outgoing orders are sent to other distribution centers and not directly to customers.

There are a lot of unusual things you can buy from vending machines: burritos, cupcakes, champagne, gold. Soon, Memphians may even be able to buy cars.

Fidelity Bank recently launched P.O.W.E.R. (Potential of Women Entrepreneurs Realized), a program designed to spur revenue growth of its women-owned business clients.

Phillip Ashley Chocolates was named the Official Chocolatier of the 2017 Emmy Awards Governors Ball.

A group in Frayser created a new clothing line called “Bee Memphis,” which stands for “becoming economically empowered.” The owners say they want to reverse economic decline in the community due to the loss of jobs and residents in the area.