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Kaye's Pints & Scoops

ID: ED20210701
Inner City Economic Development Loan
County Comission District: | City Council District:

Summary

Kiamesha Wilson dba Kaye’s Pints & Scoops (KPS) was awarded a $15,000 Inner City Economic Development (ICED) Loan to help with both exterior and interior improvements at 2089 Winchester Road. Project costs are estimated to be $100,000.

Mrs. Wilson brings more than 15 years of marketing and strategic planning experience to KPS and has completed training at Scoops School, a frozen dessert education and training facility located in St Louis, Missouri. She is also a member of the National Ice Cream Retailers Association.

KPS will be a micro creamery offering small-batch hand-crafted premium ice cream. KPS will make and distribute its own natural premium ice cream to customers that value healthy and quality deserts. Consumers will be able to purchase products via online ordering for delivery or pick-up. Mrs. Wilson plans to serve, local retailers, area restaurants, and specialty shop while also offering one-on-one courses and collaborative events with other local businesses.

The ICED loan will help Mrs. Wilson make improvements to the 1,449 square foot space constructed in 1960. Exterior improvements include replacing rotten wood, installing a service door, and removing front overhang. Interior improvements include installation of a service ramp, commercial doors, flooring, new electrical panels, and plumbing.

This project is supported by The Greater Whitehaven Economic Redevelopment Corporation.

Loan Term:

3 years

Interest Rate:

Not applicable

Projected New Jobs:

3

Projected Retained Jobs:

1

Average Payroll:

Not applicable

Loan Amount:

$15,000

Loan Use:

Not applicable

Total Projected Capital Investment:

$100,000
Real Property:
Not applicable

Acquisition:
Not applicable

Construction:
Not applicable

Renovation:
Not applicable

Machinery & Equipment:
Not applicable

Furniture, Fixtures, Office:
Not applicable

Equipment:
Not applicable

Fees & Soft Costs:
Not applicable

Permanent Working Capital:
Not applicable

Miscellaneous:
Not applicable

Approved

7/7/2021

Closing

Not applicable

Kaye's Pints & Scoops

2089 Winchester Road, Memphis, TN 38116