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Goode Development

ID: ED20140901
Inner City Economic Development Loan
County Comission District: | City Council District:


Goode Development was awarded a $25,000 Inner City Economic Development (ICED) Loan to help with facade improvements at 2519 Broad Avenue, the home of Bounty on Broad Restaurant.

The ICED loan would complete a combined $730,000 investment into the the Broad Avenue building.

The loan is projected to create 25 new jobs and allow Goode Development to make facade improvements to the 12,000-square-foot building.

The Bounty on Broad restaurant, which opened in September, occupies 4,500 square feet and is one of the first gluten free restaurants in Memphis, according to the owners.

Loan Term:

3 years

Interest Rate:


Projected New Jobs:


Projected Retained Jobs:

Not applicable

Average Payroll:

Not applicable

Loan Amount:


Loan Use:

Facade Improvement

Total Projected Capital Investment:

Real Property:

Not applicable



Machinery & Equipment:
Not applicable

Furniture, Fixtures, Office:
Not applicable

Not applicable

Fees & Soft Costs:
Not applicable

Permanent Working Capital:
Not applicable

Not applicable