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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

Approved

5/22/2020

Memphis Records, LLC

2258 Young Avenue, Memphis, TN 38104