(D-TN) recently announced the approval of an $800,000 Community Economic Development Grant for the Memphis area. The funding will support efforts to revitalize and strengthen local communities, creating new opportunities for economic growth and development.
The grant will be used to support various projects aimed at improving infrastructure, creating jobs, and promoting small businesses in the area. Specifically, the funding will be used to support the Memphis Economic Development Growth Engine (EDGE), which aims to attract new businesses to the area and support existing businesses in their efforts to grow and expand.
In a statement, Congressman Cohen emphasized the importance of investing in local communities to spur economic development and create new opportunities for residents. He highlighted the impact that this grant will have on the Memphis area, stating that it will help to create new jobs, attract investment, and promote economic growth in the region.
The announcement of this grant comes at a critical time for the Memphis area, as the community continues to recover from the economic impacts of the COVID-19 pandemic. The funding will provide much-needed support to local businesses and organizations as they work to rebuild and grow in the wake of the pandemic.
Overall, the $800,000 Community Economic Development Grant announced by Congressman Cohen represents a significant investment in the future of the Memphis area. By supporting local businesses, creating jobs, and promoting economic growth, this funding will help to revitalize and strengthen communities in the region, setting the stage for continued growth and prosperity in the years to come.
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