EDGE approves PILOT for Southeast Memphis warehouse
The Honey Pot, a feminine hygiene products company, will be the tenant for the site.
There are 96 article(s) tagged EDGE:
The Honey Pot, a feminine hygiene products company, will be the tenant for the site.
And if “Young Rock” shooting is moved to another city, NBC can use the local tax incentive for a different television production.
The third season of “Young Rock” will feature 13 episodes all filmed in or around Memphis and Shelby County.
On Wednesday, Sept. 21, Economic Development Growth Engine board members approved the federal eco-friendly incentive for developers.
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.
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.
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.
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.
Both developments — Link Apartments Broad Avenue and Parkside at Shelby Farms — anticipate delays in completion time.
Each of the applicants EDGE’s finance committee will consider Wednesday seeks to restore blighted and abandoned buildings.
Rory Thomas is charged with making the blocks and blocks — north to south — between Midtown and Downtown, glimmer with personality and vitality of their own.
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.