The Greater Memphis Chamber on Tuesday announced two new initiatives, one to steer the organization into the next decade and the other to help reduce the financial burden on small businesses struggling to provide health insurance to their employees.
The two were announced at the President’s annual luncheon at The Peabody Hotel.
House Speaker Beverly Robertson announced the partnership with UnitedHealthcare to provide level funded health insurance plans, in which the employer pays a set amount each month and can potentially receive any excess at the end of the period. year to reinvest it in his business.
âIt’s a simple way to make healthcare costs more predictable and transparent. And risk-based pricing also means you can make substantial savings,â she said.
Going forward, Robertson said the program could expand to include dental and vision insurance options and even pet insurance for vet visits.
âSmall businesses, as you know, are increasingly burdened by the rising costs of health care. That’s why I’m so happy to be here today, âsaid Steve Wilson, CEO of UnitedHealthcare of the Mid-South.
Wilson said more information on how businesses can register will be released in the coming months.
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The chamber also announced its ‘Vision 2030’ plan on Tuesday, “a data-driven strategic initiative to address key areas of competitiveness to position Memphis as a destination of choice for inclusive economic growth,” said Robertson.
The plan focuses on stimulating economic growth by improving infrastructure, creating quality jobs and improving access to jobs for Memphiens. Vision 2030 relies heavily on data, Robertson said.
Data shows Memphis needs to build a workforce ready for the next generation of advanced jobs, prioritize economic inclusion, and attract more jobs to advanced industries.
” Do not mistake yourself. We don’t wait for these companies to come to us. We identify the companies we need here that are aligned with market assets, and we pursue them, âRobertson mentioned.
Ted Townsend, director of economic development for the chamber, also stressed the importance of data in guiding the chamber over the next decade.
The recently launched Center for Economic Competitiveness will collect and analyze data on Memphis’s workforce and economy as well as that of competing cities to guide decisions about economic development over the next decade.
âAs much as we love data, we understand what that data represents. Every job we bring means food on the table. Every certification and diploma we award opens new doors of opportunity for everyone. Every company that Investing in Memphis means more money to open roads and hire police, but for us it’s about keeping the promise of the chamber in Memphis and our mission of prosperity for all, âhe said.
Corinne S Kennedy covers economic development, health and football for The Commercial Appeal. She can be reached by email at [email protected]