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Tyler's Grocery

ID: ED 20150201
Inner City Economic Development Loan
County Comission District: | City Council District:

Summary

Anthony Warr, dba Tyler’s Grocery & Deli, is seeking a $22,000 Inner City Economic Development (ICED) Loan to help with facade improvements at 973 East McLemore Avenue.

The ICED loan would complete a combined $33,000 investment into the the East McLemore Avenue building.

The loan will help retain 2 jobs, is projected create 2 new jobs, and allow Tyler’s Grocery & Deli to make façade and interior improvements to the 5,250-square-foot building.

The convenience store/cafe, will occupy 3,800 square feet and expand its ability to serve meals to residents and visitors in the Soulsville neighborhood and the improvements would also help acquire a new tenant in the third bay of the building.

Loan Term:

3 years

Projected New Jobs:

2

Projected Retained Jobs:

Not applicable

Average Payroll:

Not applicable

Loan Amount:

$22,000

Loan Use:

Facade and Interior Improvements

Total Projected Capital Investment:

$33,000
Real Property:
Not applicable

Acquisition:
Not applicable

Construction:
$3,644

Renovation:
$29,356

Machinery & Equipment:
Not applicable

Furniture, Fixtures, Office:
Not applicable

Equipment:
Not applicable

Fees & Soft Costs:
Not applicable

Permanent Working Capital:
Not applicable

Miscellaneous:
Not applicable