When Nashville recording engineer Mr. Scott McEwen was seeking a home for his new recording studio, Memphis Magnetic Recording Co., a building in the heart of Memphis, a few blocks south of Beale Street, was a natural fit. Mr. McEwen was approved for a $20,000 EDGE Inner City Economic Development (ICED) loan to assist with façade improvements, HVAC system installation, and a 360-square-foot expansion of a 1920s vacant building located at 618 Vance Avenue. Total qualified project costs are estimated to be $51,156.
Memphis Magnetic Recording Co. will offer artists unique access to museum-quality and vintage analog equipment in a high-quality studio setting. The studio will target roots rock, blues, and soul genres. Prior to establishing Memphis Magnetic Recording Studio, McEwen owned and operated Fry Pharmacy Recording in Nashville, TN. Mr. Steve Nash and Advance Memphis support the project.