Memphis Standard

The US Economic Development Administration awarded Vibrant Memphis a grant worth $584,500 to help fund a project in Shelby County.

The grant was awarded on July 23, 2019. The EDA describes the grant as follows:

"This EDA investment funds the Memphis Region Capital Capacity (MRCC). This project encapsulates the operations of two pools of de-risked capital (Formation Fund and Co-Investment Fund) deployed in support of early-stage entrepreneurs."