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. 

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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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