More than half of Memphians live in economically distressed communities.
That’s according to a new study from a Washington think tank identifying these areas in the hopes that Congress will use tax incentives and other means to lure more jobs and businesses to the places that need them most.
The report is from the Economic Innovation Group (EIG), launched earlier this year by some of the heaviest hitters in Silicon Valley, including Facebook billionaire Sean Parker and tech financier Ron Conway.
