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In its December meeting, the EDGE Economic Development Finance Committee awarded three NEED Grants to local salons struggling with the effects of the COVID-19 pandemic.

Since the COVID-19 pandemic began, salons across the city have been hit hard. Nearly 30 percent of all NEED Grant recipients are salons.

To date, EDGE has awarded $786,700 to 141 businesses throughout Memphis’s most vulnerable neighborhoods; 117 of those (83%) are Minority/Women-Owned Businesses.

The Neighborhood Emergency Economic Development (NEED) Grant was created to provide relief to small businesses, located in Memphis’ most vulnerable neighborhoods that have been affected by the COVID-19 outbreak.

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