MMDC & U3A Launch Live Local and Buy Local Programs in Memphis

U3 Advisors, working with the Memphis Medical District Collaborative, has launched two programs in the Memphis Medical District to attract more employees to the district and target more institutional spend at local businesses: Live Local 901, a housing incentive program for employees of 5 anchor institutions in the Medical District, and; The Operation Opportunity Challenge, a business plan competition to encourage Memphis-based innovators, entrepreneurs, and existing businesses to help solve operational pain points within the supply chains of the institutions, and use the experience to launch, scale, or expand their businesses.

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Medical District Begins Buy Local Program

“This is really a story about what can happen when you think about the collective demands of the institutions in the area.” The Memphis Medical District Collaborative (MMDC) announced a “Buy Local” business plan competition in advance of the October 26th kickoff of the “Operation Opportunity” initiative, which will give incentives to small, locally owned businesses to develop purchasing relationships with the big hospitals and universities in the district. U3A Vice President Alex Feldman, along witth MMDC President Tommy Pacello, were on hand for the announcement.
U3 Advisors has been in engaged in the Memphis Medical District since 2014, assisting with the design and implementation of a strategic Anchor Strategy. Read more about U3A's engagement in Memphis here
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