Added: Tiela Helton - Date: 11.11.2021 08:23 - Views: 28620 - Clicks: 5800
Bill Lee GOV. In January, the Seek honest Memphis Administration had commissioned Gresham Smith with producing an "honest" assessment of the the MRM plan, industries most likely to be seeking added capacity, and reasons why the site had not found one or more tenants after more than a decade's work. While the report recounts well-known impediments to the project's success to-date, it also cites potential advantages -- particularly acreage -- in the face of a surge of interest among prospective tenants.
In sum, the authors of the report provide very substantial analysis of the impediments to date and possible cures therefor, but they ultimately -- perhaps inevitably -- report that still further research is needed if there is to be hope of identifying and executing a winning strategy for the MRM.
Based on comments this afternoon during a press conference by Gov. Lee, Economic and Community Development Commissioner Bob Rolfeand Department of General Services Commissioner Christi Branscomthe Lee Administration is committed to taking further steps and making further expenditures to ensure the project achieves further momentum, at a time when they say that, despite regional competition from dozens of other sites, the Memphis Regional Megasite is drawing strong attention from potential tenants.
At least one major prospect is deemed likely to consider the site further. The site has ly been reviewed by such companies, but more often than not has fallen short in the shoppers' estimation of infrastructure uncertainty, workforce adequacy, and-or quality of life dimensions.
There was no explicit reference during today's press conference to how, if at all, federal infrastructure spending might play into MRM development and funding scenarios. With further work toward pipeline development greenlighted, and contractor procurement set into motion, progress and prospects for the site could prove to be a ificant focus of both the Administration and the General Assembly, when the legislature reconvenes in January.
One volunteer group, the West Tennessee Economic Development Caucusas well as numerous city and county officials in West Tennessee have been following the project since the idea surfaced during the Administration of then-Gov. Phil Bredesen. Though the concept has long been considered, today's report also suggests that the Lee Administration is prepared to ly authorized spending for the project, wastewater pipeline development, develop one or more public-private partnerships to mitigate utility build-out costs, and more.
The existence of such partnerships could mitigate the state's direct development costs, thereby freeing more state funds to provided enhanced economic-development incentives to prospective tenants. That said, the Lee Administration is expected to continue examining the site's strengths and weaknesses, developing recruitment strategy and more. The Administration, backed by the General Assembly, has also ly committed to expanding broadband, technology workforce training and other resources that Seek honest Memphis bolster the case for MRM residency by major employers.
Study produced by contractor Gresham Smith. PDF here. Note: This very detailed situation assessment calls for both near-term action and further study. Press release today from the Office of the Governor.
Linked here. Gresham Smith, which had ly worked on other MRM matters under contract, was formally tasked with executing the study that was released today, on January 6. It originally offered to complete the study within 90 days, but was ultimately allowed days or more to complete the study. This story will be updated as warranted. You may not be getting all you can out of your browsing experience and may be open to security risks!
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Welcome Visitor Wednesday, July 21, Home. The Parks Arts in Nashville. Lee opens Memphis Regional Megasite study, vows to advance project. Milt Capps. Published June 8, Comment Print. Of immediate interest: Study produced by contractor Gresham Smith. Venture Notes - June 18, Reality check: Memphis Regional Megasite faces Sunset timer. Venture Notes - April 28, Margaret Dolan says TN startup funding lags, state should weigh tax credit.
Venture Notes - March 29, Venture People - March 19, Tennessee economy tied to cities' tech-weighted industry expansion. Memphis Regional Megasite awaits 'honest' report on potential users, programs, development. Venture Notes - December 29, Venture Notes - December 18, Venture Notes - October 19, Tennessee's scitech industry mentor networks finalize LaunchTN grants. LaunchTN, UpSkill seek grants for innovation marketplace, talent. Tennessee artificial-intelligence center among Presidential advisors' ideas.
Venture Notes - July 7, Seek honest Memphis Launch Tennessee leaders, staff confront budget headwinds.
Venture Notes -- June 1, Venture Notes -- April 13, Lee Company among 7 strategics codeveloping technologies with innovators. SyncEC forges alliances to build entrepreneurship beacon in Highlands. Lee als rethink on best path to bring Memphis Megasite to fruition. Venture Calendar - - Updated. LifeScienceTN report bolsters case for more 'intentional' industry strategy.
Venture Notes -- Aug. Launch Tennessee names Partnerships Coordinator.
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