Via Brookings The economic impacts of COVID-19 are already shaping up to be significant, yet uneven, across the country. Yes, workers and businesses are affected, but so too is the fiscal capacity of governments that rely on a healthy economy for their revenue. As the...
Carnell Vann grew up in Frayser and, as he puts it, has been in love with that community his entire life. He is excited and inspired by the recent development across Frayser. Vann just recently reopened amid the COVID-19 pandemic after closing for two months, adhering...
The Economic Injury Disaster Loan is operated directly by the SBA. The Economic Injury Disaster Loan provides working capital only. Alabama, Georgia, and Tennessee are eligible – border counties in neighboring states may be included in an eligible state’s service...
Via Greater Memphis Chamber The Greater Memphis Chamber today released the latest numbers from its ongoing COVID-19 Greater Memphis Business Impact Survey. Based on current responses from business owners in the Greater Memphis region as of March 26: 72 percent of...
To further combat the spread of COVID-19, the City of Memphis has issued a Safer at Home Order effective 6 p.m. on March 24, 2020, through midnight on April 21, 2020. The order directs all residents of Memphis to stay inside their homes and immediately limit all...
Via Brookings Metro Across the country, consumer spending, which supports 70% of the economy, is crashing as people avoid stores, restaurants, movie theaters, offices, and other public places. Already, layoffs have begun in both big cities like Seattle and Atlanta as...
The Small Business Administration (SBA) is making a Disaster Relief Loan available to most small businesses. The SBA will be lending up to $2 Million to businesses at a 3.75% fixed interest rate with a repayment of up to 30 years. You can apply here. Access all...
A new Brookings report examines what trade and logistics workers may face in this ever-evolving landscape. Trade and logistics workers make up 14.2% of the workforce in Memphis. It will be hard to predict where and when COVID-19 will impact supply chains. These...
A new $69 million investment in Binghampton looks to bring more people and more growth to this historic neighborhood. Link Apartments has plans to redevelop the site of a 75-year-old warehouse on Broad Avenue as a new residential living space. EDGE provided a 15-year...
The session underscored the importance of collaboration between government, business leaders, and community organizations in promoting economic growth.
