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SummaryDesign 31 is a Graphic Design, Marketing and Advertising company located at 254 Court Ave. in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The company lost multiple contracts and one very large account, supply and production rates have
Increased and it has accumulated debt with providers and partners.
Stabilization and Recovery Plan:
• Staying in frequent contact with existing and past customers
• Shifting from print-heavy business to more webinar and online content production
• Shifting all services to small businesses that need creative, cost effective marketing strategies
• Seeking MWBE Certification from City of Memphis
The NEED Grant funds will be used to satisfy debt and supplement inventory costs.
Projected Total Jobs: