Downtown sees surge in minority owners after lowering development loan costs

By , Daily Memphian Published: May 03, 2019 6:05 PM CT

After increasing the amount and lowering the cost of its development loan program last year, more than 50% of approved applicants for the Downtown Memphis Commission’s development loan program have been minorities. 


Downtown Memphis minority business
Michelle Corbet

Michelle Corbet

Michelle Corbet covers business for The Daily Memphian. Prior to, she was a reporter at the Memphis Business Journal. A native Memphian and University of Memphis graduate, Michelle covered business in Conway, Arkansas after college. Michelle got her start covering business as an intern at The Commercial Appeal.

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