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HIGH COTTON BREWING COMPANY 2

Summary

High Cotton Brewing Company 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.

High Cotton Brewing Company is a brewery located at 598 Monroe Avenue
that has experienced at least a 25% drop in revenue as a result of COVID-19.
The brewery was forced to close its taproom, furlough 4 employees and PT 3
employees.
Stabilization and Recovery Plan:
- Received $77,000 SBA PPP & $20,000 MMDC and DMC funding
- Teamed up with distributer on new advertising campaign
- New product roll outs for bar and restaurants
- Re-Opened Taproom 5/5
NEED Grant proceeds will be used purchase raw materials and pay rent.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

1/12/2021

HIGH COTTON BREWING COMPANY 2

598 Monroe Avenue, Memphis, TN 38103