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Young Men's Christian Association
SummaryEDGE Board of Directors approved issuing $7.5 million of Qualified 501(c)3 Non-Profit Bonds for refinancing of debt associated with the YMCA's multipurpose wellness and education facilities. This funding will benefit the YMCA facilities on Quince, Schilling Farms, Cordova, and in Millington. This bond was initially issued by the Industrial Development Board (IDB) in 2010.
EDGE is acting as the legal conduit only; thereby assuming zero risk to EDGE, the City of Memphis, or Shelby County associated with repayment.
The YMCA of the Midsouth focuses on three pillars to benefit our community.
- Youth Development through before and aftercare programs, summer camps and at-risk youth programs.
- Healthy Living through access to fitness facilities, diabetes prevention and help with other chronic diseases.
- Social Responsibility through training and education programs and basic lifesaving skills associated with swimming and water safety.
Projected Total Jobs: