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Health Tech Institute of Memphis

ID: ED20151004
Inner City Economic Development Loan
County Comission District: | City Council District:


Melanie Washington of Employment Solutions, dab Health Tech Institute of Memphis, was awarded a $25,000 Inner City Economic Development Loan to help with facade and interior improvements at 571 Vance Avenue.

The ICED Loan will complete a combined $37,500 investment into the Vance Avenue facility.

The loan will help retain 3 jobs while creating four new jobs and allow the Health Tech Institute to make facade and interior improvements to the 3800 sq.-ft. building.

Health Tech Institute of Memphis was formed in 2000 buy husband and wife team, Melanie and Ronald Washington as an authorized post-secondary institution with the Tennessee Higher Education Commission and an eligible training provider for the Workforce Investment Network. The four approved training programs are: Health Information Management, Pharmacy Technician, Medical Assistance, and Office Administration. The ICED Loan will enhance Health Tech's presence in the community and update interior facilities for a site visit from the United States Department of Education to obtain accreditation that will expand their business model and ability to enroll more students into various programs.

Loan Term:

3 years

Interest Rate:


Projected New Jobs:


Projected Retained Jobs:


Average Payroll:

Not applicable

Loan Amount:


Loan Use:

Facade Improvements

Total Projected Capital Investment:

Real Property:

Not applicable

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





Health Tech Institute of Memphis

571 Vance Avenue, Memphis, TN 38126