City and County Come Together to Support Public Education Through Sales Tax Referendum

  Local elected officials who understand the importance of investing in education are standing together to increase funding for schools in  Shelby County by supporting a half-cent sales tax referendum appearing on the November ballot. The leaders collectively agree that the additional funds are needed to ensure that the schools of Shelby County have the resources they need to offer a world-class education. In a news conference today, leaders shared their commitment to supporting the referendum and working together to benefit all the school children in Shelby County.

 Although the City of Memphis will no longer be mandated by the state to fund education, Mayor A C Wharton Jr. has said that the education of all children is a prerequisite and moral responsibility shared by everyone. He is particularly concerned about making sure that all children in Memphis and Shelby County have access to quality Pre-K.

“All the experts will tell you that Pre-K is critical when it comes to a child developing the skills needed to succeed in school and later in life,” said Mayor Wharton.”That’s the reason we are urging the citizens of Memphis to support this referendum and the Shelby County Unified School Board to allocate a portion of the funding for Pre-K.”

The Shelby County Commission approved asking the voters in Memphis, Millington and unincorporated Shelby County if they would support a half-cent sales tax increase in the form of a referendum. The question will appear as the first referendum on the November 6th ballot.

Shelby County Commission Chairman Mike Ritz believes when the county becomes the single funding source locally  for schools, these funds will desperately be needed to address the shortfall in the budget for the Unified School System resulting from the merger and improving education quality overall through proposed efforts like extending Pre-K to all children.  

“It is Shelby County’s responsibility to fund education, and we are limited in how we can generate funds to support our citizens outside of the sales tax and property tax,” said Ritz. “This half-cent sales tax will provide $30 million dollars to our schools and help with the education of our children. If this does not pass, we will have very few other options to fund education outside of the property tax.”

The Shelby County Unified School Board is in the process of preparing for next year’s transition and needs a fully funded budget. “Today’s announcement gives me hope that if the citizens of Memphis vote to pass this referendum our children will be provided with the essential needs required to obtain the quality education that they deserve,” said Patrice Robinson, Shelby County Unified School Board Member.

 

Key Points:

  • Current sales tax 2.25 increasing to 2.75 (1/2 cent)
  • 50% of the sales revenue will go to schools ($30.3 million dollars)
  • A $14-$17 return on every dollar invested in early childhood education

Early Voting begins October 17 through November 1, 2012. Election Day is Tuesday, November 6, 2012.

 

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“Small Business Connections: Marketing Meets Microfinancing” Workshop Tours” Stopping Next in Memphis

Accion, NYSE Euronext, and Yelp Bring The Big StartUp to Local Entrepreneurs

EmergeMemphis, 6:00PM-8:00PM

 

On October 9, the New York Stock Exchange (NYSE: NYX), Accion, and Yelp will bring the NYSE Big StartUp “Small Business Connections: Marketing Meets Microfinancing” nationwide workshop tour to Memphis. The seventh stop on the Small Business Connections tour, the event will provide local small business owners with social media marketing know-how and access to capital.

 

Yelp’s Manager of Local Business Outreach, Darnell Holloway, will explain how entrepreneurs can work with major social media platforms such as Yelp, Facebook, LinkedIn, and Twitter to both engage with customers online and navigate the world of online reviews. Additionally, Regional Market Manager Nathanial Owen of small business lender Accion, which has provided over $2.6 million in loans in Arkansas, Louisiana, Missouri, and Tennessee since 2011, will discuss how to access capital and finance marketing costs with an Accion microloan. Both Yelp business outreach staff and Accion loan officers will be present to answer questions and offer personalized consultations to participants.

 

Additionally, Accion client Daniel Watson of Visions Enterprise, LLC will describe how his $5,000 microloan helped shape his business. The owner of a B2B dry seasonings and breaders business, Daniel used his capital to purchase inventory and develop e-commerce on his website, bringing in more sales. “This Small Business Connections workshop addresses the specific issues and needs of business owners in a fast-paced digital world,” Daniel testifies. “I’m excited to learn more about new ways to integrate my business strategy within an online customer market. Through programs like this, hopefully we can turn this economy around one small business at a time.”

 

“Small Business Connections” is the first small business event tour from the NYSE Big StartUp, a nationwide job creation and business growth initiative that connects small businesses with established corporations, such as Yelp. Launched in March 2012, the NYSE Big StartUp program also integrates the Accion-NYSE Job Growth Fund. This program was started with a $1.5 million commitment by NYSE Euronext, which will provide small businesses and startups with the capital and support they need to grow. 

 

The Small Business Connections tour has proven to be a high-impact resource for local small business owners. Attendees from previous tour events report learning an average of three new marketing techniques. Participants met an average of three other small business entrepreneurs who could help them expand through new channels.

 

Event Details

EmergeMemphis

516 Tennessee Street

October 9, 6:00-8:00pm

Registration: http://yelpmemphis.eventbrite.com/

 

About Yelp
Yelp (NYSE: YELP) connects people with great local businesses. Yelp was founded in San Francisco in July 2004. Since then, Yelp communities have taken root in major metros across the US, Canada, UK, Ireland, France, Germany, Austria, The Netherlands, Spain, Italy, Switzerland, Belgium, Australia, Sweden, Denmark, Norway, Finland and Singapore. Yelp had a monthly average of 78 million unique visitors in Q2 2012 (source: Google Analytics). By the end of Q2 2012, Yelpers had written more than 30 million rich, local reviews, making Yelp the leading local guide for real word-of-mouth on everything from boutiques and mechanics to restaurants and dentists. Yelp’s mobile application was used on 7.2 million unique mobile devices on a monthly average basis during Q2 2012. For more information, please visit http://www.yelp.com/ or send an email to press@yelp.com.

About Accion

As the only nationwide micro- and small business lending network in the United States, Accion connects small business owners with the accessible financing and advice it takes to create or grow healthy businesses. Accion Texas Inc. is the largest member of the Accion U.S. Network and manages the largest microloan portfolio in the U.S. In Alabama, Arkansas, Kentucky, Louisiana, Mississippi, Missouri, Tennessee, Accion Texas Inc. offers business loans between $500 and $250,000, and up to $5 million in Texas, along with training, networking and other support services for hardworking entrepreneurs.  Historically, Accion Texas Inc. has made more than 12,400 loans totaling more than $125 million.  For more information, visit www.acciontexas.org.

Since 1991, the five members of Accion’s U.S. Network have collectively made over 44,000 loans, totaling over $320 million. Additionally, over 400,000 business owners across the nation have turned to Accion for financial and business advice via workshops, online tools, and one-on-one consultations. Globally, Accion (www.accion.org) is a pioneer in microfinance, reaching millions of individuals through its international network of partners. For more information on Accion in Boston, please visit www.accionusa.org.

 

About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company’s exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext’s equities markets – the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca – represent one-third of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world’s second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: http://www.nyx.com.

 

Contacts:

Accion

Laura Kozien

lkozien@accion.org

 

Yelp

Kristen Whisenand

kristen@yelp.com

 

NYSE Euronext

Judy Shaw

jshaw@nyx.com

 

“Small Business Connections: Marketing Meets Microfinancing” Workshop Tour Stopping Next in Memphis

Accion, NYSE Euronext, and Yelp Bring The Big Start Up to Local Entrepreneurs

EmergeMemphis, 6:00 PM-8:00 PM

 

On October 9, the New York Stock Exchange (NYSE: NYX), Accion, and Yelp will bring the NYSE Big StartUp “Small Business Connections: Marketing Meets Microfinancing” nationwide workshop tour to Memphis. The seventh stop on the Small Business Connections tour, the event will provide local small business owners with social media marketing know-how and access to capital.

Yelp’s Manager of Local Business Outreach, Darnell Holloway, will explain how entrepreneurs can work with major social media platforms such as Yelp, Facebook, LinkedIn, and Twitter to both engage with customers online and navigate the world of online reviews. Additionally, Regional Market Manager Nathanial Owen of small business lender Accion, which has provided over $2.6 million in loans in Arkansas, Louisiana, Missouri, and Tennessee since 2011, will discuss how to access capital and finance marketing costs with an Accion microloan. Both Yelp business outreach staff and Accion loan officers will be present to answer questions and offer personalized consultations to participants.

Additionally, Accion client Daniel Watson of Visions Enterprise, LLC will describe how his $5,000 microloan helped shape his business. The owner of a B2B dry seasonings and breaders business, Daniel used his capital to purchase inventory and develop e-commerce on his website, bringing in more sales. “This Small Business Connections workshop addresses the specific issues and needs of business owners in a fast-paced digital world,” Daniel testifies. “I’m excited to learn more about new ways to integrate my business strategy within an online customer market. Through programs like this, hopefully we can turn this economy around one small business at a time.”

“Small Business Connections” is the first small business event tour from the NYSE Big StartUp, a nationwide job creation and business growth initiative that connects small businesses with established corporations, such as Yelp. Launched in March 2012, the NYSE Big StartUp program also integrates the Accion-NYSE Job Growth Fund. This program was started with a $1.5 million commitment by NYSE Euronext, which will provide small businesses and startups with the capital and support they need to grow.

The Small Business Connections tour has proven to be a high-impact resource for local small business owners. Attendees from previous tour events report learning an average of three new marketing techniques. Participants met an average of three other small business entrepreneurs who could help them expand through new channels.

 

Event Details

EmergeMemphis

516 Tennessee Street

October 9, 6:00-8:00pm

Registration: http://yelpmemphis.eventbrite.com/

 

About Yelp

Yelp (NYSE: YELP) connects people with great local businesses. Yelp was founded in San Francisco in July 2004. Since then, Yelp communities have taken root in major metros across the US, Canada, UK, Ireland, France, Germany, Austria, The Netherlands, Spain, Italy, Switzerland, Belgium, Australia, Sweden, Denmark, Norway, Finland and Singapore. Yelp had a monthly average of 78 million unique visitors in Q2 2012 (source: Google Analytics). By the end of Q2 2012, Yelpers had written more than 30 million rich, local reviews, making Yelp the leading local guide for real word-of-mouth on everything from boutiques and mechanics to restaurants and dentists. Yelp’s mobile application was used on 7.2 million unique mobile devices on a monthly average basis during Q2 2012. For more information, please visit http://www.yelp.com/ or send an email to press@yelp.com.

 

About Accion

As the only nationwide micro- and small business lending network in the United States, Accion connects small business owners with the accessible financing and advice it takes to create or grow healthy businesses. Accion Texas Inc. is the largest member of the Accion U.S. Network and manages the largest microloan portfolio in the U.S. In Alabama, Arkansas, Kentucky, Louisiana, Mississippi, Missouri, Tennessee, Accion Texas Inc. offers business loans between $500 and $250,000, and up to $5 million in Texas, along with training, networking and other support services for hardworking entrepreneurs.  Historically, Accion Texas Inc. has made more than 12,400 loans totaling more than $125 million.  For more information, visit www.acciontexas.org.

 

Since 1991, the five members of Accion’s U.S. Network have collectively made over 44,000 loans, totaling over $320 million. Additionally, over 400,000 business owners across the nation have turned to Accion for financial and business advice via workshops, online tools, and one-on-one consultations. Globally, Accion (www.accion.org) is a pioneer in microfinance, reaching millions of individuals through its international network of partners. For more information on Accion in Boston, please visit www.accionusa.org.

 

About NYSE Euronext

NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company’s exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext’s equities markets – the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca – represent one-third of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world’s second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: http://www.nyx.com. 

 

Contacts:

Accion

Laura Kozien

lkozien@accion.org

 

Yelp

Kristen Whisenand

kristen@yelp.com

 

NYSE Euronext

Judy Shaw

jshaw@nyx.com