Three More Salons Get Relief Through EDGE NEED Grant

In its December meeting, the EDGE Economic Development Finance Committee awarded three NEED Grants to local salons struggling with the effects of the COVID-19 pandemic.

Since the COVID-19 pandemic began, salons across the city have been hit hard. Nearly 30 percent of all NEED Grant recipients are salons.

To date, EDGE has awarded $786,700 to 141 businesses throughout Memphis’s most vulnerable neighborhoods; 117 of those (83%) are Minority/Women-Owned Businesses.

The Neighborhood Emergency Economic Development (NEED) Grant was created to provide relief to small businesses, located in Memphis’ most vulnerable neighborhoods that have been affected by the COVID-19 outbreak.