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SummaryDiamond Printing is a printing company located at 611 North Third Street in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The business has reduced hours of operation from 8 hours to 5 hours daily. Staff reduction of 3 full time employees to 2. Due to severe customer interruptions, business is operating on owner’s cash reserves.
Stabilization and Recovery Plan:
• Reconnect with customers to let them know the business is still open
• Reach out to current non-profit clients and organizations
• Increased marketing strategies
• Applied for PPP
• Received a $26,700 infusion from PPP
NEED Grant funds will be used to pay rent, salaries, and utilities.
Projected Total Jobs: