What is Riverfront Development?
Riverfront Development, operating under the Memphis River Parks Partnership, is dedicated to revitalizing the riverfront for the people of Memphis. The organization focuses on promoting the natural beauty and transformative potential of the Mississippi River. Services include park directory access, event rentals, and educational initiatives, all aimed at fostering community engagement through events like poetry contests and volunteer programs. Their mission is deeply rooted in the Memphis Riverfront Concept, striving to create an inclusive and welcoming environment for all visitors.
How much funding has Riverfront Development raised?
Riverfront Development has raised a total of $739K across 2 funding rounds:
Debt
$350K
Debt
$389K
Debt (2020): $350K with participation from PPP
Debt (2021): $389K led by PPP
What's next for Riverfront Development?
The recent major strategic investment signals a new phase of growth and development for Riverfront Development. This capital infusion is expected to accelerate initiatives aimed at further enhancing the riverfront's appeal and accessibility. The company is poised to leverage this enterprise-level funding to expand its programming, improve park infrastructure, and deepen community involvement, solidifying its position as a key contributor to Memphis's urban landscape and recreational offerings.
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