There are 98 article(s) tagged EDGE:
Shelby County Commissioners are expected to vote Monday on committing $450,000 to the Economic Development Growth Engine over the next three years, which officials say would go toward funding two employees to strengthen local economic development.
When EDGE learned that a local manufacturing operation had not fulfilled its job creation promise, it began steps to remove the company from a tax incentive program.
The Memphis & Shelby County Regional Economic Alliance met publicly for the first time Thursday and agreed on priorities for job growth, ranging from transportation and logistics to the music industry.
A Whitehaven restaurant and proposed artist studios are seeking forgivable loans from the Economic Development Growth Engine for Memphis & Shelby County.
On Wednesday, EDGE approved forgivable loans for a Whitehaven restaurant and a studio warehouse for artists near Vance Avenue.
Swedish appliance manufacturer Electrolux has voluntarily terminated its tax incentive agreement with Memphis and Shelby County in advance of the planned closing of the Memphis plant closing next year.
JNJ Logistics will break ground on a new headquarters and employ more than 500 near the old Mall of Memphis, but the headcount will eventually exceed 1,000, a consultant says.
Finding out after the fact that the value of Electrolux's plant was undervalued, Shelby County's property assessor wants to get blueprints, permits and personal property records up front.
With grants and tax abatements, FedEx Logistics has secured a benefit of $34 million for its plans to create a consolidated headquarters in Downtown Memphis. And that doesn't include incentives from the state.
The first of what is expected to be a multifaceted incentive package for FedEx Logistics' planned Downtown Memphis headquarters is a $2 million reimbursable grant.
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.
The Greater Memphis Chamber and the Economic Development Growth Engine organization are expected to roll out their new economic development strategy next month.
Although LEDIC announced its Memphis headquarters more than three years ago, it is just now getting started.
An opportunity for a distribution operator to pursue a new contract could bring 166 new jobs to Memphis.