Up to $250K a year going to small businesses in high-crime areas
The Crime Prevention Through Environmental Design initiative will use “urban and architectural design” and implement the management of “built and natural environments” to fight crime.
Topic: EDGE
RSSThere are 86 article(s) tagged EDGE:
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April 2024
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March 2024
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Community leaders called to collaborate for economic development
The Shelby County Joint Economic and Community Development Board met on Thursday to update and discuss ways to promote economic development around Memphis.
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Chicken, cosmetic and dog-grooming businesses bag thousands in loans
Uncle Lou’s Fried Chicken, Major Pieces Boutique and Glamour Grooming & Boarding received loans to help with hiring employees, renovating facades and other upgrades.
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February 2024
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New committee aims to give small businesses roadmap to success
The EDGE Small Business Incentives Advisory Committee — with members from Global Cafe, Crosstown Concourse, Trap Fusion and beyond — met for the first time to collaborate on how to help local business owners.
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EDGE approves 15-year incentive for massive high-speed internet project
With Memphis’ internet speeds among the slowest among major cities, EDGE officials say this project is an opportunity for growth.
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Blue Suede Networks applies for 15 year tax incentive for $829M project
In five years, BSN estimates the economic impact of its project will be $1.4 billion, create 4,600 jobs and generate $5.76 million in local taxes and fees.
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December 2023
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Renasant Bank’s PILOT has been terminated
The bank has not been able to meet the hiring requirements during the two-year “ramp-up” period.
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Sterick’s garage set for face-lift; three restaurants land loans
EDGE approves the purchasing and refurbishing of the Sterick Building’s parking garage, an amendment to DMN’s Fast Track tax incentive and ICED loans for local eateries.
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Sterick Building to get refurbished parking garage
To help launch the historic skyscraper’s redevelopment project, the EDGE board will refurbish a neighboring garage for $4.2 million. The Sterick will share the parking spaces with an existing hotel.
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September 2023
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Medtronic may invest more than $133 million to develop a new facility in Memphis
Medtronic is evaluating consolidation of its six U.S. distribution centers into two facilities. One of these two facilities would be located in the Mid-South area.
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Strickland unlikely to appoint new economic development head before leaving office
The post will have been vacant for more than two years if a new head is not named before Memphis Mayor Jim Strickland leaves office.
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August 2023
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Electric-vehicle manufacturer launches production in Tunica
A California-based electric vehicle manufacturer is now producing EVs in Tunica.
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June 2023
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Chemical manufacturer seeks PILOT for its North Memphis facility
PMC expects to create 35 jobs with a base salary of $70,000 and will spend $8 million expanding its building at 1248 Warford St. and more than $39 million for new personal property at the site.
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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.
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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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