Spotlight on Local Business Growth
The Economic Development Growth Engine for Memphis and Shelby County, better known as EDGE, plays a pivotal role in uplifting the city’s entrepreneurial spirit. During the fourth annual Small Business Expo, which took place this Thursday, EDGE president and local stakeholders gathered to showcase resources available for small business owners.
Accessible Loans Provide a Boost
One of EDGE’s standout initiatives is its small business loan program. This program offers accessible financing to local entrepreneurs who may face barriers at traditional banks. According to the EDGE president, the program has helped numerous Memphis small businesses grow, hire staff, and invest in new equipment.
The loan program particularly emphasizes reaching businesses that are minority and women-owned, making a lasting impact in neighborhoods from Midtown to South Memphis. You can learn more about these opportunities at growth-engine.org.
Community Collaboration on Display
By bringing together business support organizations and community partners at the Expo, EDGE helped local entrepreneurs connect to resources and mentors. Events like this not only celebrate small business success, but also help new ventures and dreams start right here in Memphis.
Get Involved and Stay Informed
If you are a Memphis entrepreneur or want to support small businesses in our city, explore EDGE’s loan services and join future events. Small businesses are the backbone of Memphis and with the support of programs like this, the city continues to shine as a hub for innovation and growth.
For more info, check out the full story from Action News 5.
Original Story by @WMCActionNews5 at https://www.actionnews5.com/video/2026/06/24/president-edge-explains-how-its-loan-program-helps-small-businesses-memphis/
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