Electric car plant proposed for Southwind
Mullen Technologies of Brea, Calif., proposes to open a large electric-vehicle manufacturing plant in a warehouse that Nike vacated five years ago.
There are 85 article(s) tagged EDGE:
Mullen Technologies of Brea, Calif., proposes to open a large electric-vehicle manufacturing plant in a warehouse that Nike vacated five years ago.
Eversana Life Science Services now has three distribution facilities and 315 jobs in Memphis. It’s seeking a tax incentive to expand and add 50 jobs. Otherwise, company officials say it may move to North Mississippi or St. Louis.
Imperial Industrial Supply Co. seeks a tax incentive in return for buying an industrial building in Memphis for distribution of its products. The project would mean a $21 million investment and 35 jobs.
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.
Since its inception in April, EDGE reports having awarded $751,000 in NEED grants to 134 businesses.
To date, the EDGE committee has awarded $179,000 to 32 businesses throughout the NEED grant program.
The 350-unit Links Apartments Broad Avenue is to rise next to the iconic water tower of Broad Avenue, across the street from the row of historic commercial buildings.
Preference for the training will be given to people who live in Whitehaven.
The projects just east of Downtown in Annesdale-Snowden and in the Alcy Ball area of South Memphis would activate vacant buildings.
Bendy Beast Fitness currently operates in a home studio in Downtown Memphis.
Penn A Kem executives say a $2.8 million local tax break will help them convince their European holding company to invest in a $38.5 million expansion in Memphis.
The EDGE board approved new tax incentives for four companies that will invest about $70 million and create about 140 jobs.
Developers of OaksEdge in East Memphis seek a residential PILOT to build an $89 million, 240-unit senior living campus near Dixon Gallery & Gardens.
The Superlo loan is identical to one granted by the same body last year for a new Cash Saver in Southgate Shopping Center.
Raymond James, headquartered in St. Petersburg, gets in a fight with their landlord Jacob Sofer, headquartered in New York, over elevators in their Downtown Memphis office building, and the next thing you know, EDGE has given Raymond James $3,238,440 of your and my money to move to East Memphis.
Raymond James plans to create 100 jobs and invest $23.6 million to consolidate its Memphis offices and a new tax increment financing district is expected to spur economic development in Raleigh.
Mississippi-based Renasant Bank is seeking a tax incentive for plans to build a new headquarters to serve its Memphis market. The $15.8 million development is to rise at 5575 Poplar, where the now-empty Executive Square office buildings stand.
EDGE awarded PILOTs to NBCUniversal for “Bluff City Law” and Cherry Tree International for a Memphis distribution center.
Cherry Tree International Corp. is seeking a 10-year Fast Track PILOT from EDGE to create 25 new jobs in Memphis.
Workers at Electrolux Memphis cooking appliance factory have a reprieve of up to nine months on a previously announced closing date. Electrolux said it will stay open through June 2021.
Shelby County economic development leaders Wednesday were able to explain their projects to a HUD official as he helps communities tap into the Opportunity Zone program.
EDGE board approves incentives for projects across the city, from warehouse space to studio living near the University of Memphis.
A startup working to improve efficiency and reduce costs related to warehousing and logistics is considering Memphis as the location for its development and manufacturing headquarters.
Patterson Warehouses Inc. is planning a $30.2 million expansion. To ensure the project stays in Shelby County, EDGE is recommending a six-year tax abatement.
A Florida developer seeks tax incentives to build two student housing developments totaling 50 units near the University of Memphis.