TBA Law Blog


Posted by: Azya Thornton on Oct 30, 2024

The city of Memphis has launched a new initiative that will focus on investing in more environmental and sustainable urban development, according to ABC News 24. Green Bank aims to provide cleaner energy, lower costs and green infrastructure upgrades for small businesses. Memphis Mayor Paul Young told the paper that the initiative launched on Tuesday through a $150,000 investment from the Tennessee Valley Authority. "It's one of those things that has a triple bottom line. It benefits the families that are in the home, it benefits their pockets and it benefits the environment," Young said. The Green Bank plans to launch a capital campaign to establish a revolving loan fund and open the loan application process by early next year.