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HI-TONE 2

Summary

Hi-Tone was originally awarded an EDGE NEED grant on 5/29/2020. 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.

Hi Tone is a music venue located at 282 N Cleveland in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. All events have been cancelled and the future schedule is uncertain. All employees have been furloughed. Fixed costs are going unpaid.
Stabilization and Recovery Plan:
• Loan payments deferred until September
• Focused on building out new space
• Planning expanded menu
• Expanding performance area
NEED Grant funds will be used to for insurance, utilities and debts owed from being closed.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

1/12/2021

HI-TONE 2

282 North Cleveland, Memphis, TN 38104