Minority business incubator opens

Staff Memphis Business Journal

The Mid-South Minority Business Council on Friday officially opened the Center for Emerging Entrepreneurial Development, an industrial business incubator.

CEED’s initial companies are Manufacturer’s Industrial Group, a metal fabrication business; Imperial Roofing; AVPOL International, a petroleum sourcing and distribution company; Annie’s Termite and Pest Control; Three Point Graphics, a commercial packaging and signage company; and JBWM Food Distribution Co., a wholesale institutional food company.

Similar to business incubator Emerge Memphis, which houses and provides professional services to mostly technology companies, CEED will provide these companies with receptionists, telephone and Internet connections, legal and accounting services and mentoring from established and successful small business.

CEED, located at 158 Madison, was funded from corporate support, and future funding will be obtained through rent, service fees and other fund-raising sources to be determined.

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