Downtown sees surge in minority owners after lowering development loan costs
Floyd Tyler, who founded Preserver Partners in July 2009, announced his company will be relocating from its current office in Southwind to a new home in the Edge District. “That’s actually how we invest,” Tyler said. “We look for things that are undervalued, so it made sense we would look for property with that same mantra.” (Patrick Lantrip/Daily Memphian)
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.
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Downtown Memphis minority businessMichelle 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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