Summary

Steve Nash of Advance Memphis was awarded a $25,000 Inner City Economic Development (ICED) Loan to help with facade and interior improvements at 575 Suzette Street.

The ICED Loan would complete a $225,487 investment into the Suzette Street building.

The loan will enable the organization to retain 15 jobs while creating six new jobs and allow Advance Memphis to make facade and interior improvements to the 23,652 sq.-ft. building. It will also create at least 3 tenant spaces with potential major employers and serve as a small business incubator in the long abandoned building.

Advance Memphis is a non-profit founded in 1999 that offers employment education, employments opportunities, financial literacy courses, GED tutoring and other wrap around services such as counseling and addiction recovery for residents in the 3816 zip code. Advance recently purchased the Suzette Street building near their main campus on Vance Avenue to further its reach by offering rental space to local employers to employ additional residents in the neighborhood.

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