Memphis is never going to be mistaken for Silicon Valley, and isn’t trying to be. That said, Memphis has quietly and unassumingly become a viable hub startup businesses and entrepreneurs.
Built for business
When you think of business and technology centers, Memphis may not be the first city that comes to mind. We are Memphis, after all, and music, blues, and BBQ are what we’ve long been known for. But Memphis is also home to some of the most cutting-edge technology-driven medical facilities in the country, including St. Jude Children’s Research Hospital and Methodist University Hospital.
Memphis isn’t a stranger to massive entrepreneurial success either. In fact, a once small company called FedEx found its start in the heart of Memphis and now brings in an estimated $45 billion in annual revenue. All Memphis entrepreneurs may not quite see that type of success themselves, but make no mistake – Memphis is built for business.
A Memphis state of mind
Memphis is where originality and soul converge to create change and as the power of Memphis is in its people, there’s no better place to shake things up. We are a city of doers, dreamers and believers. We create, we invent, we experiment. This “Memphis state of mind” is one reason why Memphis has been and continues to be the home of an impressive range successful of startups.
Money matters in Memphis
The simple truth is that startups often fail, which will likely have as much to do with money as with anything else. Just a couple of years ago, Memphis made the list of cities with the lowest startup costs, meaning entrepreneurs who set up shop in Memphis have an advantage over those in many other urban areas across the country.
A home for everyone
Memphis may not be known as a startup hub quite yet, but a rising number of people are learning that our city is diverse, innovative and invested in its people. Not only does this make Memphis a wonderful home for everyone, it provides an amazing opportunity for the next great startup.
No, Memphis isn’t Silicon Valley, but it could be the perfect headquarters for your business.
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