Memphis’ Diversity Development Incubator will launch third season in March.
Today, Mayor Wharton announced the third season of the City of Memphis’ Diversity Developer Incubator.
The Diversity Developer Incubator (DDI) was established by the city in 2008 as a new initiative to io increase the number of minorities and women participating in local real estate development. The initiative is a collaborative partnership that includes the City of Memphis: Law Division & Housing Community Development, Memphis Housing Authority, Center City Commission, and Memphis City Beautiful.
“I am both proud and excited to be on board for this third season of the Diversity Developer Incubator,” said Wharton. “It certainly is a program and initiative I embrace wholeheartedly, as it pointedly puts forth the city’s important goals of increasing the number of private and public partnerships attacking blight throughout the city of Memphis.” Further aims of the program include ultimately becoming the “model” for increasing the presence of minorities and women in real estate development.
“As a graduate of the program, I can say first hand that it help me to get involved with new real estate development projects,” said DDI alum Craig Dandridge. “My learning curve was shortened because of the training I received in class. Thank you Mayor Wharton for you continual commitment to this worthy program.”
DDI’s 2010 program classes will entail various topics relative to developing a project. The first portion of the program is dedicated to introducing participants to real estate development. In addition, participants interact with some of the more experienced minority and women developers from around the country. The more experienced minority and women developers share their experiences and detail how they overcame various obstacles in order to accomplish their goals.
The final portion of the overall course will culminate in a class competition for developing a piece of city-owned real estate. Classes will begin in Spring 2010 and run for a period of 13 weeks.
- In 2008, the DDI had 117 participants; in 2009, it had 218 participants.
- Important upcoming dates:
- Monday, March 1, 2010 at 5:30 p.m. – DDI Information Session at City Hall (in Council Chambers)
- Monday, March 15, 2010 – Deadline to signup for the DDI program