Posted by lindsay on July 28, 2014
There’s more good news coming out of Memphis these days.
Last year in the US, an astounding 11,000 new jobs were introduced in just one month, dropping the unemployment rate to 7.8, and placing it in line with the national average. Growth was seen across professional and business services, as well as in manufacturing. Reports also showed that, between 2012 and 2013, employment increased by an overall 58,400 jobs.
With the addition of all these opportunities, it’s no wonder that four new charter schools are also being built in Memphis. Tennessee is being recognised as a developing city, with a great deal of potential. “We want the community to know positive things are happening,” said Greg Thompson, CEO of Tennessee Charter School Incubator. “Memphis is becoming a talent magnet (for school organisers) and that’s something to be proud of.” The Walton Foundation will be tapping into its Education Entrepreneurs Fellowship to invest $1M into the project, which will see one primary school and three academies open this year in 2014. By 2016, Knowledge is Power Program (KIPP) plans to open another ten charter schools across the city.
All this good economic news can only further endorse the great opportunity for investment in the US right now.