City of Memphis City of Choice The Collective Vision City Mayor Pro Tem Myron Lowery City Council Chairman Harold Collins County Mayor A C Wharton Former County Commission Chairman Diedre Malone County Commission Chairman Joyce Avery Memphis City Schools Superintendent Dr. Kriner Cash Memphis is a city of choice. Middle income families live here, public school students have options for the future, poor families move into the economic mainstream, and talented workers are developed, attracted and retained. Benchmark of Success Clean, Green, Safe, and Vibrant Neighborhoods City of Choice Sea ttle-- Port land Belle v --Va ncou ver, ue-- OR-- Evere tt, W A PM SA WA PMS A Minneapolis--St. Paul, MN--WI MSA A A ukesha, WI PMS d, MI MSPM SA Milwaukee--Wa MI egon--Hollan Detroit, ids--Musk Grand Rap Salt La ke City --O gden, Sacra men San Fran cis co, UT MSA Denver, CO PMSA CA P MS A Las Ve gas, N V--AZ River side-S an B ernar d MSA ino, C A PM SA PMSA , NJ J PMSA rdon unteterdon, N un et--H ers set--H om er S -om x S dlese Cl esex-Mid Middl MSA rgh, PA PMSA Pittsbu --WV A D--VA IN MS A Lafayette, DC--M s, OH MS Columbu ngton, hi as W lis, IN MSA Indianapo SA Y--IN PM MSA ti, OH--K Kansas City, MO--KS St. Louis, MO--IL MSA Cincinna C MSA VA--N News, A ewport , KY--IN MS ach--N Louisville Be ia in --Virg Norfolk SA , NC M el Hill --Chap urham -D hRaleig A A TN MS SC MS Nashville, ll, NC-Rock Hi stonia-tte--Ga Charlo MS MSA Oklahoma City, OK MSA Memphis, TN--AR-PMSA Chicago, IL to, C A PM SA x--Mes SA OH PM --Elyria, --Lorain eveland Atlanta, Phoeni Y MSA ,N SA YM Ner r, st tehe Roc Roches GA MSA a, AZ M SA Dallas, TX PMSA Jacksonv Houston, TX PMSA San Antonio, TX MSA MSA ille, FL MSA New Orleans, LA A o, FL MS Orland FL MSA rwater, rg--Clea bu t. Peters Tampa--S SA n, FL M a Rato h--Boc lm Beac West Pa SA FL PM Miami, Memphis Competitors Most Economically Segregated City of The Top 50 Metro Areas 50 Memphis 40 30 20 10 0 Current Trends Per Capita Income 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 90th Median Memphis Current Trends Memphis’ Difference: Kids Colored area is Memphis; black lines mark 51 largest metros Age Pyramid, Memphis, TN--AR--MS MSA 85 plus 80 to 84 Female Male 75 to 79 70 to 74 65 to 69 60 to 64 Age Group (2000) 55 to 59 50 to 54 45 to 49 40 to 44 35 to 39 30 to 34 25 to 29 20 to 24 15 to 19 10 to 14 5 to 9 Under 5 -6% -4% -2% 0% 2% 4% Source: Census Bureau data Current Trends 6% Lower Percentage of College Students (18-24 year-olds enrolled in college) Current Trends • Our public business model is broken • Our trajectory leaves no margin for error • 105,000 students are treated as problems rather than as a competitive advantage • Economic development strategies are anchored in cheapness rather than quality • Incremental progress is not enough because we never catch up Why it Matters Memphis Does Have an Alternative Future… We Can Become a City of Choice Core Services Alone Cannot Change The Game. Only Through Strategic Investments Can We Yield CityDividends Talent Dividend 0% Washington-Arlington-Alexandria, DC-VA-MD-WV San Jose-Sunnyvale-Santa Clara, CA San Francisco-Oakland-Fremont, CA Boston-Cambridge-Quincy, MA-NH Raleigh-Cary, NC Austin-Round Rock, TX Minneapolis-St. Paul-Bloomington, MN-WI Seattle-Tacoma-Bellevue, WA Denver-Aurora, CO New York-Northern New Jersey-Long Island, NY-NJ-PA Baltimore-Towson, MD Atlanta-Sandy Springs-Marietta, GA San Diego-Carlsbad-San Marcos, CA Portland-Vancouver-Beaverton, OR-WA Hartford-West Hartford-East Hartford, CT Chicago-Naperville-Joliet, IL-IN-WI Columbus, OH Kansas City, MO-KS Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Charlotte-Gastonia-Concord, NC-SC Richmond, VA Rochester, NY Salt Lake City, UT Sacramento-Arden-Arcade-Roseville, CA Indianapolis-Carmel, IN Dallas-Fort Worth-Arlington, TX Milwaukee-Waukesha-West Allis, WI Los Angeles-Long Beach-Santa Ana, CA St. Louis, MO-IL Nashville-Davidson-Murfreesboro-Franklin, TN Miami-Fort Lauderdale-Pompano Beach, FL Orlando-Kissimmee, FL Providence-New Bedford-Fall River, RI-MA Houston-Sugar Land-Baytown, TX Phoenix-Mesa-Scottsdale, AZ Pittsburgh, PA Cincinnati-Middletown, OH-KY-IN Virginia Beach-Norfolk-Newport News, VA-NC Detroit-Warren-Livonia, MI Buffalo-Niagara Falls, NY Oklahoma City, OK Birmingham-Hoover, AL Cleveland-Elyria-Mentor, OH New Orleans-Metairie-Kenner, LA Jacksonville, FL Tampa-St. Petersburg-Clearwater, FL San Antonio, TX Memphis, TN-MS-AR Louisville-Jefferson County, KY-IN Las Vegas-Paradise, NV Riverside-San Bernardino-Ontario, CA 20% 40% 60% Four Year College Attainment Rate Current Trends If we move Memphis from 23.7% college attainment to 24.7% college attainment)… The Memphis Talent Dividend = $1 billion annually Memphis Talent Dividend Green Dividend Current Trends If we move Memphis from 26.6 miles per day to 25.6 miles per day… The Memphis Green Dividend = $232 million annually Memphis Green Dividend Opportunity Dividend Poverty Rate 20% Memphis 18% 16% 14% 12% 10% 8% 6% 4% 2% Current Trends If we move Memphis from 17.8 % poverty rate 16.8% poverty rate… The Memphis Opportunity Dividend = $109 million annually Memphis Opportunity Dividend Total City Dividends for Memphis… $1.341 Billion Annually City Dividends ARRA Stimulus Opportunities Sustainable Shelby Memphis Fast Forward City of Choice Process CEOs For Cities Brookings Institution Gates Foundation City of Choice Is a New Way of Looking at Future Decision Making To Reverse These Trends City of Memphis /Shelby County Human Capital Development / Education Healthcare Energy Conservation and Green Jobs Public Safety Transportation Housing Business / Economic Development Infrastructure Neighborhood Redevelopment Social Services / Special Needs Government Efficiency, Accountability, Transparency Game Changers Areas of Priority Information Technology City of Choice Concentrates on Game Changers that Can Turn Around Current Trends Game Changers • • • Game changers will improve Memphis’ trajectory. Game changers: - Build on what we are first, best, and only in – our distinctive strengths and authentic assets. - Emphasize bold action. - Keep human capital as the over-arching issue. - Are about alignment, collaboration, and connectivity. Game changers are actions taken with the end in mind -- a city of choice. City of Choice Hope VI Eliminated Public Housing and Replaced them with Neighborhoods “Memphis is the Model City That Got it Right” Ron Sims, Undersecretary HUD City of Choice Attracts New Intellectual Capital and National Experts to Help Solve Our Problems City of Choice Builds Competitive Advantage on Our Authenticity – What’s First, Best and Only First, Best, and Only • Distinctive assets, culture, and character that are authentic to Memphis and the basis for our competitive advantage. • Creativity: music, culture, entrepreneurship • Logistics: modern world commerce was invented here • Natural Resources: Mississippi River, connected by Wolf River greenways to Shelby Farms/eastern Shelby County • Tourism: National Civil Rights Museum, Graceland, music heritage sites, Beale Street • Medicine: St. Jude Children’s Research Hospital, biotech niche, regional center for hospitals City of Choice Creativity Beale Street Logistics FedEx Tourism Graceland Natural Resources Mississippi River Medicine Memphis BioWorks Medicine St. Jude Game Changing-Projects Are Not Just About The Projects Themselves They Are Also About How They Interconnect With Other Projects Memphis Bio-Works Legends Memphis Motorsports Park Playhouse on The Square Greenway & Greenline Greenway and Greenline Uptown Development Shelby Farms Park St .Jude FedEx Beale Street Landing Fairgrounds Civil Rights Museum Stax Graceland Aerotropolis University Place