There are 60 article(s) tagged PILOT:

• May 2019

  • EDGE approves 15-year PILOT for Pandrol USA

    A railroad products manufacturer may be moving its U.S. headquarters from New Jersey to Memphis after receiving a 15-year property tax incentive on Wednesday.

    By Elle Perry May 15, 2019

• April 2019

  • Dulberger: IKEA seems ‘committed to making the Memphis store work’

    Despite creating fewer jobs and paying lower salaries than promised, EDGE CEO and president Reid Dulberger says IKEA is committed to its Memphis store. 

    By Michelle Corbet April 17, 2019

  • Beacon Center: On EDGE and PILOTs, the numbers don’t add up

    Peel back the fancy ribbon-cutting ceremonies and press conferences for new jobs and all you’re left with is handouts to big, connected companies and higher taxes for the rest of us.

    By Ron Shultis April 14, 2019

  • EDGE: Tax abatement works in a competitive world

    Companies want to locate in communities that will work with them long after the ribbon-cutting and headlines are done. We know that our local firms are constantly being courted by other communities looking to grow their economies.

    By Reid Dulberger April 14, 2019

  • Smucker, Cleveland Track seek incentives to expand Memphis operations

    Two Memphis companies are ready to hire 76 new workers and invest nearly $15 million combined to expand local operations. 

    By Terry Hollahan April 13, 2019

• February 2019

  • Strickland: City, county ‘overpaid’ for Electrolux

    Memphis Mayor Jim Strickland says a month ago, Electrolux executives assured him their Memphis plant would stay open and even expand to include new product lines. With word of the plant closing in 2021, he told The Daily Memphian Politics Podcast the city, county and state "overpaid" in terms of incentives.

    By Bill Dries February 07, 2019

• December 2018

  • EDGE: Trucking firm moves, YMCA preps for renovations, manufacturer sells

    Power Transport, a transportation and logistics company with a fleet of more than 125 trucks, is seeking a tax abatement to fix up a warehouse near the airport for its corporate offices.

    By Michelle Corbet December 14, 2018

  • Building density, building community

    With a shared private and public goal to increase population density as a mechanism to become more efficient and successful as a city, the expansion of Memphis and Shelby County’s Economic Development Growth Engine (EDGE) payment in-lieu-of taxes (PILOT) incentive to include Midtown has been welcomed by multifamily developers in our community.

    By Rick Wood December 11, 2018

• November 2018

  • Hard seltzer sales spur Memphis distribution center

    White Claw Hard Seltzer is the main reason malt beverage maker Mark Anthony Brewing Inc. wants to establish its own distribution center in Memphis.

    By Michelle Corbet November 15, 2018

• September 2018

  • L.A. boutique hotel plans to ARRIVE in Memphis next year

    Palm Springs, California. Austin, Texas. Phoenix, Arizona. Wilmington, North Carolina. Albuquerque, New Mexico. Houston, Texas. Memphis, Tennessee.

    By Elle Perry September 20, 2018