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Memphis Records, LLC
Summary
Memphis Records, LLC is a recording studio located at 2258 Young in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. Two Independent contractors are currently out of work. The Applicant has lost of all studio revenue and is providing weekly income for 1 PT employee.Stabilization and Recovery Plan:
• Focus on mixing projects remotely.-Developing virtual concert projects for non-profits and bands with new releases
• Revised pricing model to lump sum vs per hour fee schedule for virtual streaming projects
• Developed safety and cleaning protocol
Need Grant proceeds will be used to pay staff while working to assist non-profit fund-raising events, studio maintenance and cleaning.
Financing Amount:
$5,000
Projected Total Jobs:
Not applicable
Total Investment:
Not applicable