Communities Unlimited, program manager for the MEMShop program, is seeking applicants for a second round of business launches on Film Row in downtown Memphis.
A couple of streets over from bustling South Main is Film Row. During Hollywood’s heyday, this South 2nd Street strip was a distribution center for all of the major movie studios. The street has been vacant for decades, but this iteration of MEMShop
once again promises to activate the space. The initiative works with property owners to provide subsidized rent for small-business aspirants as well as provide ongoing consulting and marketing for the space.
Three businesses will be selected in this round and will receive a pre-negotiated six-month lease, financial assistance, free, customized, managerial consulting and marketing consulting. These three new shops are being funded by Innovate Memphis (formerly the Mayor’s Innovation Delivery Team), the co-author of the MEMShop program.
Those interested can apply at t
he MEMShop website
where they can also find additional information.
MEMShop activates vacant storefronts, incubates new and existing retail businesses and showcases the unique personality and assets of each business.
ALTShop is a program of Communities Unlimited, a Fayetteville Arkansas based non-profit CDFI with an office in Memphis. Its Memphis office provides services that include managerial assistance and loan funds for small businesses. They co-created and managed the MEMShop program with the City of Memphis Mayors Innovation Delivery Team (now called Innovate Memphis).