Economy

July 11th @ Cohen Must Go!

LaTroy talks with JR: Economic Opportunity

M. LaTroy Alexandria-Williams Unveils Bold Economic Vision for Memphis

From the Transcript

M. LaTroy Alexandria-Williams, Democratic candidate for the 9th Congressional District, has proposed a comprehensive economic plan aimed at revitalizing Memphis and restoring its status as a major U.S. city. Alexandria-Williams’ vision focuses on leveraging Memphis’ strategic location and untapped potential to create thousands of high-paying jobs and attract global businesses.

At the heart of his plan is the transformation of Mud Island into an international trade center. This ambitious project could potentially create 80,000 new jobs with salaries ranging from $35 to $350 per hour. “Memphis has the potential to be the third or fourth largest city in the United States because of its location,” Alexandria-Williams asserts.

Complementing this initiative is a proposal to develop President Island into a hub for green jobs and renewable energy. Inspired by President Obama’s $4 trillion green jobs initiative, this project could generate positions paying between $50 and $500 per hour, focusing on energy, wind, and other green technologies.

Alexandria-Williams also emphasizes the need to improve Memphis’ transit system, seeing it as a key driver for growth and job creation. He advocates for opening up the city to outside businesses and encouraging competition, particularly in the logistics sector, to break what he calls the “good old boy network.”

The candidate proposes a shift from what he perceives as an 18-year “trickle-down” economic approach to a “trickle-up” theory. This change, he argues, would better serve the diverse Memphis community. Alexandria-Williams stresses the importance of electing representatives who reflect the community’s demographics and can effectively address local needs.

A significant portion of Alexandria-Williams’ platform addresses racial inequality and its economic impacts. He contends that racism and “white superiority” are major economic factors that need to be confronted for the city to progress. “Racism is the highest paying percentages in the world,” he states, emphasizing the need to dismantle systemic barriers to economic equality.

Alexandria-Williams calls for new leadership with fresh ideas to help Memphis grow economically. He argues that the city needs sophisticated, competitive leadership capable of negotiating with powerful business interests. “These businessmen who control the city and who control the state, they’re like lions,” he says. “You got to have someone who has the wits and the myth and the mighty to be able to find ways to work with them.”

In his critique of current leadership, Alexandria-Williams advocates for a more inclusive approach to economic development that benefits all segments of the Memphis community. He proposes round table discussions involving diverse participants from Memphis and beyond to generate innovative solutions for the city’s economic challenges.

As Memphis faces the challenge of reclaiming its former status as a major U.S. city, Alexandria-Williams presents himself as the “tiger” needed to navigate the complex economic landscape and bring about transformative change. His vision for Memphis is one of economic growth, racial equality, and inclusive prosperity, aimed at positioning the city as a competitive force in the 21st century economy.

Economic Development Plans

Mud Island International Trade Center

M. LaTroy Alexandria-Williams proposes transforming Mud Island into an international trade hub, potentially creating 80,000 new jobs with wages ranging from $35 to $350 per hour and attracting global businesses to Memphis.

President Island Green Jobs Operation

Inspired by Obama's $4 trillion green jobs initiative, Alexandria-Williams envisions turning President Island into a green jobs center focusing on energy, wind, and other green technologies, with potential jobs paying $50 to $500 per hour.

Transit System Development

Alexandria-Williams sees significant potential for growth and job creation through the development of Memphis' transit system.

The Promise

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For Memphis to Grow, Steve Cohen Must Go!

For Memphis to grow, Steve Cohen must go! The city's economic performance has been lagging behind other major Tennessee metros, with Memphis falling 40 spots to #175 out of 200 large cities in the Milken Institute's 2024 Best-Performing Large Cities report. Despite some recent investments, including St. Jude's expansion and Ford's Blue Oval City project, Memphis continues to struggle with high poverty rates and economic disparities. M. LaTroy Alexandria-Williams argues that Memphis has declined from being the 6th largest city in the United States to around the 14th or 18th largest today, indicating a lack of effective growth and development under current leadership. He criticizes the "trickle-down theory" approach that has been in place for the last 18 years, coinciding with Cohen's tenure in Congress. Alexandria-Williams advocates for a "trickle-up theory" and emphasizes the need for new leadership with fresh ideas and concepts to make Memphis grow, suggesting that Cohen's representation has not adequately addressed the city's economic challenges or leveraged its potential as a centrally located distribution hub.