Memorial Investment Exchange
DeKalb
Memorial Investment Exchange (MIX) is a community development group affiliated with the “Lift DeKalb” Investments and Development Community Action Group for the Memorial Revitalization Project in DeKalb County. The primary goal of the Memorial Drive Revitalization Plan is to provide vision and consensus of business owners and the community. Our goal is to create a revitalization strategy for this important corridor with beautification, vibrant businesses, mixed-use development, and living wage employment opportunities. MIX envisions improving the quality of life and sense of community on and around East Memorial Drive where the community plays an active role in partnership with DeKalb County, future investors, future developers, etc. By doing this, our hope is to come together collaboratively in a way that builds a sense of ownership and pride within the community.
Overall Outcomes of Investment
About Us
The mission of M.I.X. “Memorial Investment Exchange”
The mission of M.I.X “Memorial Investment Exchange” is to develop viable urban communities that principally benefit all levels of income. We will work collaboratively with key shareholders, such as non-profit agencies, governmental entities, the business community, the faith-based community, residents, and schools.
Community Leadership: We believe in building the power and leadership in our community, by fostering connections and supporting civic participation from all residents. We also believe the active members of our community should have a decisive voice in shaping the future of our community by working together to achieve common goals.
Economic activity that benefits surrounding regions
The Evolution of a Economic Development Corridor
Memorial Drive Corridor has the potential to deliver socioeconomic benefits to the community through business investments, updates to infrastructures, and overall community stakeholder support. Developing corridors have the potential to diversify markets, improve business owners’ livelihoods, and provide more efficient services to the community through the investment of infrastructure dollars.
PRACTICE A DOTS MODEL – DESIGN, OUTREACH, TRAIN (CREATE AND DEVELOP) AND IMPLEMENT SYSTEMS AND ADMINISTRATION
Impact of Investment
D- Have your business plan, proforma, general projections, outline of partners and design with a SWOT analysis well-polished. Next provide summary sheets with the key deliverables in promotional item format and/or easily assessable on social media.
O– Conduct internal audit of resources and business plan, then provide community charettes and the opportunity to clearly express the upcoming projects with transparency.
T- Train the appropriate workforce and adequately staff each development phase of the business, while continuing to address equitable workforce solutions as they arise.
S- Implement a systematic structure that supports the business and staff.
Include a strategic plan, marketing plan and developmental plan in the
business system implementation process.
Ways to Invest
Long-term (5-years or more) investment in economic opportunities in the corridor that include loan fund support for women-owned businesses and real estate projects to help nonprofit organizations build more programs in the community, centered around home ownership initiatives to help families stay and find stable housing.
Incorporate Environmental, Social, and Governance (ESG) into investment strategy. Working in investments that produce competitive returns while increasing investments in construction, small businesses, and housing along the Memorial Drive corridor.
Elements of Collaborative Impact Investments: Anchor partners, community involvement, racial equity, impact measurement and management, adaptive planning, market mapping and ecosystem champions.
Initiatives
The Economic Revolution
Low-Income Housing Tax Credit
(LIHTC often pronounced “lie-tech”, Housing Credit) is a dollar-for-dollar tax credit in the United States for affordable housing investments.
New Market Tax Credits
The Community Development Financial Institutions (CDFI) Fund in the Department of the Treasury has been authorized to administer the program.
Census Qualification
QALICB is a Qualified Active Low-Income Community Business. QALICBs are any for-profit or non-profit corporation or partnership.
Our impact
Our Team And Expertise
Annual Reports
Our team brings a wealth of experience in commercial real-estate development, from property management to specializing in unconventional housing for veterans, etc. Let us help you succeed!