Via Brookings.edu. The COVID-19 public health crisis, the downturn triggered by the pandemic, and government, business, and individual responses to the pandemic have all provoked the sharpest and fastest economic downturn in U.S. history. At the depth of the downturn,...
The Greater Memphis Chamber released its Greater Memphis MSA Market Overview – COVID-19 Edition on July 2, 2020. The report highlights the state of employment for this region and contains several insights: The Greater Memphis MSA has held competitive unemployment...
Memphis, Tenn. (July 10, 2020) – Sekisui has been a staple of the Memphis restaurant scene for three decades. But when COVID-19 hit, the popular spot was not immune to the effects of the pandemic. “The business was reduced to just to-go orders,” said Sekisui owner...
Memphis, Tenn. (July 9, 2020) – In the midst of a health crisis unrivaled in our lifetimes, Memphis and Shelby County still have momentum. The Regional Economic Alliance (REA) met for its second meeting of 2020, it’s first since the COVID-19 pandemic began. In...
Via Brookings.edu According to two papers discussed at the Brookings Paper on Economic Activity (BPEA) conference in June, the US job market is recovering, albeit slowly. Businesses are re-opening, but with fewer employees than before the pandemic. One of the papers...
Memphis, Tenn. (June 19, 2020) – Opened in May of last year, Trap Fusion had become a popular restaurant in Whitehaven, serving healthy southern cuisine to people from the surrounding neighborhoods and businesses in the area. In fact, in early March, things were going...
Memphis, Tenn. (June 17, 2020) – The EDGE Board today approved its FY2021 operating budget, representing a $153,000 increase over last year. This year’s budget includes additional funds outlined in Programs and Projects including $250,000 for the NEED Grant...
Memphis, Tenn. (June 12, 2020) – For three-quarters of a century, API Photographers, Inc. has been a staple of the local photography and film industry. Now the company is struggling to pay the bills as its normally busy schedule sits almost empty. “We have had to put...
Via The National Law Review. In response to the COVID-19 pandemic, IRS Notice 2020-39 extends several deadlines relating to the opportunity zone program and provides welcome relief for investors and qualified opportunity funds (QOFs). In December 2017, Congress...
Via Main Street America Despite the more than 40 million unemployment filings and anticipated millions of small business closures that will result due to COVID-19, previous economic downturns suggest that there may soon be ripe opportunities for business start-up...
