Further business expansions in Frayser bring more optimism
Community leaders are optimistic the current trajectory of one of Memphis’ largest Black neighborhoods is trending upward after years of disinvestment.
Topic: Economic Development
RSSThere are 118 article(s) tagged Economic Development:
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May 2021
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3 new projects emerge, totaling $62M in investments, 200-plus jobs
Walgreens plans a new distribution center in Memphis with 200 jobs. Ampro plans a $30 million expansion in Frayser. And an old shopping center with a huge presence in the Heights neighborhood may be renovated.
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Hollywood-scale film lot planned for Memphis
The application states that the 85-acre filmmaking studio will rival any facility in Hollywood, Atlanta or London.
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Site Selection magazine honors Memphis Chamber, EDGE
For the second consecutive year, the EDGE and Greater Memphis Chamber have received a top 25 honor by Site Selection magazine for their work in 2020 to recruit jobs and investment.
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April 2021
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Amazon confirms two new Memphis-area facilities
Amazon confirms plans to build two more facilities in the Memphis area, one in Frayser/Raleigh and the other in Byhalia, Mississippi.
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City, county to discuss making tax incentives contingent on higher wages
The second joint meeting of the County Commission and City Council includes several proposed changes to economic development incentives used locally to grow the Memphis economy.
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March 2021
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Strickland touts PILOTS during joint meeting on incentives
The four-hour online joint meeting of the two legislative bodies Thursday, March 25, was mostly questions and answers. The group agreed to start talking about proposals to change incentives at the second April 15 session with plans for a third joint meeting.
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Project Bluebird: Memphis nests with fledgling carmaker
California-based Mullen Technologies has been literally all over the map in deciding where it will make its first electric vehicle. Now, Memphis leaders feel they’ve made a safe bet on the start-up, and the payoff could be hundreds of manufacturing jobs.
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Alphatec Spine receives incentive to open distribution and repair operation in Memphis
The California-based medical device company plans to hire 95 employees and spend $3.5 million to open a distribution and repair operation in the city’s southeast industrial submarket.
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Medical device company plans Memphis operation
Alphatec Spine of California proposes to establish a distribution and repair operation in Memphis, with 95 employees and a $3.5 million capital investment.
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January 2021
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Kruger adding 27 jobs, equipment to make facial tissue
The North Memphis plant that makes facial and bathroom tissue and other paper products will soon invest $20 million in new equipment.
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Cummins to close Memphis plant
A Cummins manufacturing plant that rebuilds turbochargers in Memphis will close, eliminating 300 jobs.
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Hunter Fan unleashing light fixtures in firm’s 135th year
Despite the pandemic, the company continues to unveil new products. It tests ceiling fans in the basement of its Goodlett Farms headquarters.
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December 2020
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EDGE approves tax incentive to lure dental company
If Crown World decides to come to Memphis, it would buy and renovate an empty, airport-area office building, invest $2.7 million in the property, and hire 25 people.
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Amazon building 3rd Memphis delivery station in Frayser/Raleigh
Amazon has quietly started site work atop a hill behind its just-opened fulfillment center at 4055 New Allen Road. The future, 183,000-square-foot facility will be a delivery station that employs about 300.
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Cordova’s Amazon delivery station approved, will generate 450 jobs
Amazon is so eager to get the facility built near the southeast corner of I-40 and Appling that the e-commerce giant is – again – not seeking tax breaks or other public incentives that are so common for large-investment, high-employment developments.
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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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Cognate BioServices gets big tax break for big investment, hiring spree
The bio-services firm commits to creating 561 more jobs that pay $63,749 on average, and to making a $212.9 million capital investment.
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MyCityRides receives $25,000 from Regions Foundation of Tennessee
The nonprofit organization so far has sold 270 motor scooters to provide reliable, affordable workforce transportation, but also provides free accessory gear, training, maintenance and insurance.
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October 2020
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Indigo Ag’s carbon credits help farmers, environment
Indigo Ag has launched a new line of business selling carbon credits that benefit farmers in sustainable agriculture. And Indigo’s first eight corporate customers include some stellar names.
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Architectural materials warehouse planned for Olive Branch
Material Bank plans to lease warehouse space, invest $14.5 million and employ 300 people in Olive Branch.
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Amazon plans to build delivery station along I-40 in Cordova
A developer has filed for a 31-acre planned development just west of Appling Road along I-40, where a 141,000-square-foot Amazon delivery station would be built.
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August 2020
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TVA chief details Memphis losses in economic development by leaving the system
Memphis and Shelby County will sacrifice hundreds of millions of dollars worth of support in economic development if Memphis Light, Gas & Water Division splits from TVA, chief executive Jeffrey Lyash tells the EDGE Board.
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Yeti cooler warehouse among 6 new projects totaling 587 jobs, $184M in investments
DHL proposes to build a 975,000-square-foot warehouse and fill it with Yeti coolers and other Yeti products. And a California company proposes to move its headquarters to Memphis.
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Bartlett medical-device maker to invest $13M, add 60 jobs
Engineered Medical Systems has already more than doubled the size of its facility from 40,000 to 92,000 square feet.
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