There are 117 article(s) tagged economic development:
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.
The application states that the 85-acre filmmaking studio will rival any facility in Hollywood, Atlanta or London.
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.
Amazon confirms plans to build two more facilities in the Memphis area, one in Frayser/Raleigh and the other in Byhalia, Mississippi.
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.
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.
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.
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.
Alphatec Spine of California proposes to establish a distribution and repair operation in Memphis, with 95 employees and a $3.5 million capital investment.
The North Memphis plant that makes facial and bathroom tissue and other paper products will soon invest $20 million in new equipment.
A Cummins manufacturing plant that rebuilds turbochargers in Memphis will close, eliminating 300 jobs.
Despite the pandemic, the company continues to unveil new products. It tests ceiling fans in the basement of its Goodlett Farms headquarters.
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.
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.
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.
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.
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.
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.
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.
Material Bank plans to lease warehouse space, invest $14.5 million and employ 300 people in Olive Branch.
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.
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.
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.
Engineered Medical Systems has already more than doubled the size of its facility from 40,000 to 92,000 square feet.
Start-up Indigo Ag, with its North American commercial operations headquartered in Downtown Memphis, continues to raise investor funding, but has a goal to become self-sufficient by the end of this year.