New Markets Tax Credit Coalition

  • Memphis,
  • TN
  • (2020)

Loving Arms Home Care Agency

District: Steve Cohen (D-TN09)

Finances working capital and expansion plans for Loving Arms, LLC, a business with locations in Jackson and Memphis, providing home healthcare services to seniors and individuals with intellectual and development disabilities that require assistance to ensure the activities and necessities of daily living are met.

Investment

  • NMTC Amount: $7,000,000
  • Total Project Cost: $7,381,942

IMPACT

  • 308 FTE jobs
  • 200 patients served

CDEs

,

Investor

Project Description

Finances working capital and expansion plans for Loving Arms, LLC, a business with locations in Jackson and Memphis, providing home healthcare services to seniors and individuals with intellectual and development disabilities that require assistance to ensure the activities and necessities of daily living are met. It will help the company meet its growing demand for services within a region that has been heavily impacted by COVID-19 and ultimately help create 85 new FTES, maintain 219 FTEs and retain four FTEs.

MAP

Address: 6064 Apple Tree Drive, Memphis, TN 38115

Census Tract: 47157021721

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