This Brookings brief recaps the state of racial and gender equity within business ownership, the challenges that minority- and women-owned business enterprises (MWBEs) faced during the depths of the Great Recession, and how the COVID-19 small business crisis could...
Mayor Strickland has extended the Safer at Home Executive Order for an additional two weeks through May 5th. In the extension, the City did include some additional conditions, as well as, lift some restrictions. A quick update on those conditions: Effective Friday at...
At its first completely virtual meeting, the EDGE Board approved the Neighborhood Emergency Economic Development (NEED) Grant to provide relief to small inner city businesses affected by the COVID-19 outbreak and worked to keep more than 100 jobs in one distressed...
Since 2014, EDGE has provided $1.5 million in forgivable loans for small businesses leading to nearly $7 million in investment for inner-city neighborhoods. Those loans have helped small business owners improve their businesses and make a tremendous impact on their...
The name, Sewer Capacity Management Incentive doesn’t exactly ring with excitement but the program is leading to growth, opening the door for development where there otherwise might never have been any. The tax incentive was created to help developers who were...
Via Bisnow As major U.S. companies look to capitalize on international freight connectivity and industrial growth, many are zeroing in on Middle America over coastal gateway markets. Millions of square feet of warehouses are under construction in Memphis, as well as...
Via SBA.gov The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. Click here for applications and more information on the...
Dear Employers: I have advised all Memphians to wear facial coverings when they are in public. Knowing just how much we need to cut down on COVID-19 transmission in the workplace, I wanted to make sure you received this message and are using your best efforts to...
Via Brookings The coronavirus pandemic has forced America into a virtual lockdown, leading to severe economic impacts. Data on the smartphone movement indicate that virtually all regions of the nation are practicing some degree of social distancing, resulting in less...
The Greater Memphis Chamber today released the latest numbers from its ongoing COVID-19 Greater Memphis Business Impact Survey. Based on current responses from 150 area business owners in the Greater Memphis region as of April 2, the Chamber estimates the following...
The session underscored the importance of collaboration between government, business leaders, and community organizations in promoting economic growth.
