Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Entrepreneur asks Clarksville for $150,000 forgivable loan to open Live Wellness & Coffee Club
Summary
Shay Mansfield requested a $150,000 forgivable loan to open Live Wellness & Coffee Club at 1300 Main Street. The business would combine a coffee bar, coworking lounge and recovery services; Mansfield projected 3'5 employees and Year 1 revenue of $350,000'$400,000.
Economic Development Director Tammy Gibson introduced Shay Mansfield, who presented Live Wellness & Coffee Club, a combined coworking and wellness center proposed for 1300 Main Street in Water Tower Square. Mansfield asked the council to consider a forgivable loan (the amount she stated was $150,000) to help fund build-out and equipment and said she would contribute about $100,000 of her own funds.
Mansfield described services including a coffee bar, co-working lounge, infrared sauna, cold plunge and recovery modalities and said the business aims to hire 3'5 employees in Year 1 and partner with local vendors. She told the council, "I choose Clarksville because I believe in this town and that it's full of potential and people are hungry for something like this." Staff said the application will be shared with council before the next meeting for further review.
