Talent remains the top priority for Memphis.

It requires us to align our energies and our strategies, but we run the risk of our penchant for big project answers to our problems – whether it is downtown redevelopment, neighborhood revitalization or economic growth – to keep us from the hardest work to create, attract and retain talent.

It’s easy to build big projects. It’s not as easy to build the creative ecosystem, the culture of innovation and the connectivity that joins creatives into a force for a stronger future. That’s why we have a tendency to oversimplify what it takes to attract and retain talent.

Not too long ago, a business leader ascribes to the new Memphis Greenline, formerly the CSX railroad line, the power to attract college-educated 25-34 year-old workers to our city. Previously, in other op-ed columns, it was Shelby Farms Park, the riverfront, arts and culture, and more.

The Thing

Here’s the thing. These outdoor recreational opportunities are important, but they won’t magically pull or keep people in Memphis.

They are just markers, the assets that have to be in place to even get Memphis onto the list of cities that are attractive to 25-34 year-old college-educated workers.  But markers only keep us in the game. After all, young professionals say they are looking for a city that is green. This doesn’t just mean we do it with a new walking/biking trail and a new park. It also means that we have to exhibit green behavior, sustainable practices, less sprawl and better transportation policies.

That’s why Memphis has reached the point where everything that we do needs to be evaluated within a lens of talent, every investment needs to be analyzed to determine if it creates or attracts talent and every new program needs to be weighed by its impact on retaining talent.

In other words, talent is the great issue of our city today, and we’re not just talking about Coach Josh Pastner’s recruiting class for the coming basketball season, although it does remind us of how hard we have to work to keep talent that the whole country is competing for and to attract similarly talented people.

In today’s highly competitive economy, the single most important indicator of success for a city is the presence of talent – college-educated talent. To some, this is interpreted as meaning that we should recruit and attract more of 25-34 year-olds to Memphis.

Losing The Game

That’s one piece of it. But the truth is that in the battle of talent, we are having problems competing.

The better option for us is to play to our strengths, and that’s why creating talent in Memphis is more important than attracting talent. We have talked earlier about Memphis’ distinctive bulge in students when we are compared to the 50 top metros in the U.S. In other words, while other areas of the country in the coming decades will be facing serious workforce shortages, we will not have that problem…if – and it’s a big if – we can move these students to a line receiving a college degree and into the economic mainstream.

In the end, Memphis City Schools isn’t in the school business.  It’s in the talent business.

There are serious reasons that we need to be focused on the 105,000 students in its classrooms – religious reasons, charitable reasons, and social reasons – but set all that aside in favor of our own self-interest.  We can increase the percentage of college-educated Memphians by only 1 percent and it creates $1 billion in economic impact. If we had a $1 billion company knocking on our doors and talking about coming to Memphis, we would give them tax incentives, we would romance them, and we would beg them to move here.

We have a $1 billion opportunity right in front of us — if we can only get one percent more of our people out of college. Besides the city and county school students, it’s worth keeping in mind that we have about 125,000 people in our community who have attended some college but did not graduate, so perhaps we can start with them for a short-term win while also concentrating on the students in our city schools classrooms.

#1 – Talent

While we talk often about the four dimensions of successful cities — distinctiveness, innovation, connectivity, and now talent – the truth is that talent is the thread that holds our competitive fabric together.

Every city is fighting for 25-34 year-old college-educated workers. This group is highly coveted, not just because they are highly educated but because they are highly mobile. And cities like ours who want them and want to keep them have to prove that they have the kind of quality of life that these talented workers say they are looking for – clean, green, safe, and tolerant.

It’s easy in our city to feel overwhelmed by its challenges and undervalued as sources of change. But we are the ones we have been waiting for. The most exciting things happening in Memphis today aren’t coming top-down from leaders of government, the Chamber of Commerce, or high-profile civic groups. Rather, the best reasons to be excited about Memphis are the number of grassroots and neighborhood programs begun by people like you who care about their city and are determined that it can be better.

It’s what Commercial Appeal Geoff Calkins called “Memphis’ special gift.”

More Than Lip Service

He said that what he loved about this city is that “people care and look out for each other. Sometimes in the midst of the drumbeat of fear and negativism here, I have to stop and remind myself what I love about Memphis: the opportunity is there for all of us to shape Memphis. Every one of us can make a difference. It’s not that we have an obligation. It’s a gift. It’s an opportunity that doesn’t exist in other places. You can easily get involved in what gives your life purpose and meaning.” That, too, is a theme for this day. In fact, it’s the theme for this year.

We are our leaders. We are uniquely prepared to know what levers for change we need to address. We are the people we’ve been waiting for.

It’s time for us to make the main thing the main thing.  It’s talent.

We are encouraged by the progress being made by Leadership Memphis and by MPACT Memphis, but it’s time for the rest of us – including those in elected office – to give them more than lip service.  It’s time to give them the resources – financial and civic – to achieve that $1 billion economic impact.