Tulsa, Oklahoma company picks Memphis for expansion
The commercial and industrial HVAC solutions manufacturer will invest $238.5 million in Memphis and create 291 new jobs with an average wage of $56,232.
Topic: EDGE
RSSThere are 98 article(s) tagged EDGE:
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November 2024
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Tulsa, Oklahoma-based publicly traded company one step closer to Memphis
The Economic Development Growth Engine Board approved a Jobs 15-year payment-in-lieu-of-taxes incentive for AAON Inc., three forgivable loans, and an extension of the closing date of Richardson Oilseed PILOT at its special call board meeting on Wednesday, Nov. 6.
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October 2024
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Economic Development Growth Engine receives national recognition
EDGE received the “Outstanding Local Development Finance Agency of the Year” award from the National Council of Development Finance Agencies.
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September 2024
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For Joann Massey, supporting small businesses makes a big difference
Joann Massey will lead the economic development efforts for Memphis and Shelby County, spearheading efforts to attract investments, create jobs and help local businesses.
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County Commission to weigh in on Memphis gun control
Shelby County commissioners will vote on a move to support the Memphis City Council’s lawsuit against the Shelby County Election Commission. The body also considers allocating millions in proposed emergency jail repairs.
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August 2024
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Group investing in BlueCross building secures $750K loan
“We wanted to save this property from potential blight,” said the investment group’s Michael Hooks Jr. “We are blessed to even be able to participate.”
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City Council approves Joann Massey for EDGE president
Massey was hired as EDGE vice president of operations in February 2023.
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July 2024
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New EDGE president nominated
Memphis Mayor Paul Young and Shelby County Mayor Lee Harris have nominated an Economic Development Growth Engine president after more than two years without one.
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100 N. Main loan approved, Texas-based company coming to Memphis
The 100 N. Main development team awarded an additional $1.8 million loan, the Texas-based company Reconext was awarded a tax incentive, two companies received tax-incentive amendments and more.
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100 N. Main development team seeking additional funds
The developer is requesting an extra $1.8 million from EDGE.
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Federal government wants Memphis entrepreneurs to know about small biz resources
“There is federal investment coming in, but we need local talent and especially diverse entrepreneurs to step in and take advantage of this historic time,” said the deputy administrator for the U.S. Small Business Administration.
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May 2024
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Grilled Asparagus restaurant returning — in Whitehaven
The Economic Development Growth Engine approved a loan to Chef Christopher Beavers, who is reopening his restaurant The Grilled Asparagus.
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April 2024
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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.
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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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