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EDGE ALLEY, LLC 2

Summary

Edge Alley was originally awarded an EDGE NEED grant on 6/19/2020. 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.

Edge Alley is a restaurant located at 600 Monroe Avenue that has experienced
at least a 25% drop in revenue as a result of COVID-19. The restaurant was
forced to furlough 18 employees and has experienced a dramatic reduction in
customers.
Stabilization and Recovery Plan:
- Resuming social media, print and editorial marketing schedules as soon as
business reopens.
- Applied for PPP. Received a $60,000 infusion from PPP.
- Contactless transactions.
Grant funds will be used for salaries, paying vendors, and expanding online
ordering/pickup services.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

1/26/2021

EDGE ALLEY, LLC 2

600 Monroe Avenue, Memphis, TN 38104