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17 BERKSHIRE, LLC 2

Summary

17 Berkshire LLC was originally awarded an EDGE NEED grant on 8/7/2020. An additional grant award of $5,000 was provided due to the effects of a subsequent Shelby County Health Department health directive placed on restaurants, bars and local grocery stores.

17 Berkshire LLC is a bakery located at 2094 Trimble Place that has experienced at least a 25% drop in revenue as a result of COVID-19. The bakery was forced to close, furlough 7 employees and cancel events.
Stabilization and Recovery Plan:
• Reopened
• Received SBA funds
• Expanded menu items
• Operating with reduced staff
• Increased focus on smaller events/orders to increase revenue
NEED grant funds will be used for rent, utilities, and software needed for new virtual product launch offerings.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

1/12/2021

17 BERKSHIRE, LLC 2

2094 Trimble Place, Memphis, TN 38104