Think tank study calls for Memphis to diversify businesses

MEMPHIS, Tenn. (AP) - Strategies in a new economic plan call for Memphis to diversity its business growth while securing its logistics brand.

The proposals in the Memphis & Shelby County Regional Economic Development Plan were made public last week when community and economic development leaders met with The Commercial Appeal's ( editorial board.

The plan is being developed by a Washington-based think tank called the Brookings Institution, which has finished analyzing the region's strengths.

Reid Dulberger, president of the Memphis and Shelby County Economic Development Growth Engine, said the group has started drafting a strategy to make the new plan happen but the process is expected to take years.

Information from: The Commercial Appeal,

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