In partnership with Grow America Fund (a Community Development Financial Institution licensed under the U.S. SBA Preferred Lenders Program), the EDGE Impact Fund will make SBA-guaranteed loans of $150,000 or more to small businesses throughout Shelby County. The program is open to qualified, existing businesses in operation for at least three years with 2 – 500 employees and revenues between $500,000 and $20 million (subject to the SBA size standards by industry). Real estate development projects and financing entities are not eligible. Loans can be used to fund working capital, machinery, and equipment, owner-occupied real estate acquisition, construction, renovation, and tenant improvements.
Recent Posts
- EDGE Awarded PILOTs Attract International BusinessEDGE PILOT program encourages two international companies to choose Memphis.
- TVA and Port of Memphis Clearing Way for ProgressOn Friday, February 3, 2023, TVA and the Port of Memphis reached an exciting new milestone for the Allen Restoration Project—the implosion of the three 400-foot-tall stacks at the retired Allen Fossil Plant. Removal of the stacks bring TVA and the Port of Memphis one step closer to the shared goal of restoring the site for future economic development. The Allen site is a critical component of the Port master redevelopment plan. Initially implemented in 2019, this plan includes major infrastructure upgrades to Presidents Island and a short, middle, and long-range plan to help maximize the impact of 2,300 acres of under-developed industrial land in the adjacent Frank C. Pidgeon Industrial Park.
- Wednesday, December 20, 2023: EDGE Board MeetingWednesday, December 20, 2023 Memphis Area Association of REALTORS®