Memphis receives EPA funding to clean contaminated areas
This marks the first time since 2009 that a city in Tennessee was granted one of these funds.
Topic: EDGE
RSSThere are 98 article(s) tagged EDGE:
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June 2023
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December 2022
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EDGE board approves Parkside extension, three inner-city loans
The 60-acre Parkside at Shelby Farms mixed-use development received a development agreement extension until Dec. 31, 2023.
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November 2022
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EDGE approves PILOT for Southeast Memphis warehouse
The Honey Pot, a feminine hygiene products company, will be the tenant for the site.
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October 2022
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‘Young Rock’ awarded 4-season PILOT, similar to ‘Bluff City Law’
And if “Young Rock” shooting is moved to another city, NBC can use the local tax incentive for a different television production.
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‘Young Rock’ TV series seeks multi-year jobs PILOT
The third season of “Young Rock” will feature 13 episodes all filmed in or around Memphis and Shelby County.
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September 2022
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Memphis becomes first city in Tennessee with federal incentive for eco-friendly projects
On Wednesday, Sept. 21, Economic Development Growth Engine board members approved the federal eco-friendly incentive for developers.
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July 2022
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EDGE looks to acquire land near former Firestone Plant, vote on Riviana expansion
The Memphis and Shelby County Economic Development and Growth Engine is looking to buy four parcels near the old Firestone Tire & Rubber Co. plant in North Memphis.
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EDGE board approves tax incentive for Legacy at Countrywood
The 175-acre, $400 million mixed-use development near Colonial Country Club in Cordova is approved for an eight-year tax increment financing (TIF) of up to $23 million.
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February 2022
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EDGE board approves PILOT for Northside High School redevelopment
The former vocational high school at 1212 Vollintine Ave. will become a multi-use space for vocational skills training, workforce development, multifamily housing, health care services, performing arts and more.
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January 2022
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New York-based firm could invest $112.5M in former Nike facility
According to a term sheet related from EDGE, Memphis would become home to three manufacturing lines running multiple shifts with capacity to annually produce approximately 22,500 containers and 30,000 chassis.
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November 2021
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EDGE board to review two requests to modify incentive agreements
Both developments — Link Apartments Broad Avenue and Parkside at Shelby Farms — anticipate delays in completion time.
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October 2021
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Blighted buildings to be reborn with art, beauty and business
Each of the applicants EDGE’s finance committee will consider Wednesday seeks to restore blighted and abandoned buildings.
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May 2021
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Memphis Medical District Collaborative names new president
Rory Thomas is charged with making the blocks and blocks — north to south — between Midtown and Downtown, glimmer with personality and vitality of their own.
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March 2021
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Electric car plant proposed for Southwind
Mullen Technologies of Brea, Calif., proposes to open a large electric-vehicle manufacturing plant in a warehouse that Nike vacated five years ago.
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January 2021
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Company seeks incentive to stay, expand in Memphis
Eversana Life Science Services now has three distribution facilities and 315 jobs in Memphis. It’s seeking a tax incentive to expand and add 50 jobs. Otherwise, company officials say it may move to North Mississippi or St. Louis.
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Industrial tool seller may buy, operate Memphis center
Imperial Industrial Supply Co. seeks a tax incentive in return for buying an industrial building in Memphis for distribution of its products. The project would mean a $21 million investment and 35 jobs.
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November 2020
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Bio-services firm may add 561 jobs, invest $213M; seeks incentives
Cognate BioServices, which has been contract-manufacturing in Memphis since 2007, seeks 15 years of property tax breaks that would save the company $52 million in return for the jobs and investment. However, the firm would still pay $65.4 million in taxes during the same period.
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October 2020
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EDGE earns international award for NEED grant
Since its inception in April, EDGE reports having awarded $751,000 in NEED grants to 134 businesses.
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May 2020
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Businesses receive a portion of $41,500 in NEED grants
To date, the EDGE committee has awarded $179,000 to 32 businesses throughout the NEED grant program.
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March 2020
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Tax break approved for new apartments on Broad Ave.
The 350-unit Links Apartments Broad Avenue is to rise next to the iconic water tower of Broad Avenue, across the street from the row of historic commercial buildings.
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February 2020
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Southwest, EDGE offering free hospitality training in Whitehaven
Preference for the training will be given to people who live in Whitehaven.
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Loans offer new home for fitness studio, new life for old Rogers store
The projects just east of Downtown in Annesdale-Snowden and in the Alcy Ball area of South Memphis would activate vacant buildings.
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Bendy Beast Fitness joins Rogers store on loan list
Bendy Beast Fitness currently operates in a home studio in Downtown Memphis.
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December 2019
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North Memphis chemical plant wants to expand, seeks tax break
Penn A Kem executives say a $2.8 million local tax break will help them convince their European holding company to invest in a $38.5 million expansion in Memphis.
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November 2019
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$6.8M in tax incentives approved for four firms by EDGE board
The EDGE board approved new tax incentives for four companies that will invest about $70 million and create about 140 jobs.
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