Memphis named top tech company destination - WMC Action News 5 - Memphis, Tennessee

Memphis named top tech company destination

(Source: WMC Action News 5) (Source: WMC Action News 5)
MEMPHIS, TN (WMC) -

Memphis has been named one of the top cities in the country for the technology industry.

Forbes Magazine says the number of tech related jobs in the United States has been growing since 2004, and Memphis is getting a piece of the pie.

Eric Mathews started a Memphis tech company called Start Co.

"We have grown from when I started out to now," Mathews said. "We have six people on our team. So definitely, we're seeing growth."

Add Start Co's growth with hundreds of other tech related companies that have opened in Memphis in the past few years, and you can see that the tech business has been very good for the Bluff City.

"You can do everything from desktop support to hardware and equipment support in the tech field," Leslie Lynn Smith, president of EPIcenter, said.

EPIcenter is part of Memphis Bioworks. It stands for Entrepreneurship-Powered Innovation Center. It's designed to be the front door for entrepreneurship in Memphis.

"In Memphis, with the huge footprint around logistics and the health care industry, there is a huge opportunity to bring technology solutions into those industries," Smith said. "There is also a real opportunity to sell those technologies to other businesses across the landscape."

Mathew's Start Co., for example, has now started showing start up businesses and entrepreneurs how to grow in the tech business.

"I know one company that just raised over $700,000, and they are adding nine new positions in the next 30 days."

Industry experts cite a number of things like location, workforce, and proximity to FedEx as reasons why the tech industry is succeeding and growing in Memphis.

The best news to all this is the number of jobs this growing industry could bring to Memphis.

"Jobs that trend into the $25,000-$35,000 annual range, and certainly there is growth beyond that," Mathews said.

But tech industry managers say now is not the time to let up.

They say the industry is evolving and Memphis businesses must continue to evolve or get left behind.

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