Tax breaks sought for two U of M-area apartment developments
A Florida developer seeks tax incentives to build two student housing developments totaling 50 units near the University of Memphis.
There are 86 article(s) tagged EDGE:
A Florida developer seeks tax incentives to build two student housing developments totaling 50 units near the University of Memphis.
The vacant Fuel Cafe on Madison could be renovated into a new pizza and pasta restaurant by a local grower who sells handmade pastas at local farmers markets.
Developers of two large projects south of Interstate 240 are seeking amendments to their plans, one for a truck terminal expansion on American Way, the other for a gated residential community at Forest Hill-Irene and Shelby Drive.
After securing a PILOT earlier this year, Cleveland Track Material Inc. has completed a $6 million expansion of its Memphis manufacturing facility that will result in 51 new jobs.
A railroad products manufacturer may be moving its U.S. headquarters from New Jersey to Memphis after receiving a 15-year property tax incentive on Wednesday.
Railroad track products manufacturer Pandrol USA LP is seeking a PILOT to create 73 jobs, invest $9.3 million and establish its North American headquarters at 611 Winchester Road.
The finance committee of the Economic Development Growth Engine for Memphis & Shelby County (EDGE) approved two forgivable loans for small businesses Wednesday.
A restaurant owner seeking to open an Al’s Tasty Burger in its original Soulsville location and a long-time Whitehaven hair salon owner are seeking Inner City Economic Development (ICED) loans.
Trying to keep up with an "ever-changing retail environment," IKEA has offered to voluntarily drop two years of its property tax abatement since it has been unable to create the number of jobs at the pay levels it promised in 2015.
Peel back the fancy ribbon-cutting ceremonies and press conferences for new jobs and all you’re left with is handouts to big, connected companies and higher taxes for the rest of us.
Companies want to locate in communities that will work with them long after the ribbon-cutting and headlines are done. We know that our local firms are constantly being courted by other communities looking to grow their economies.
Two Memphis companies are ready to hire 76 new workers and invest nearly $15 million combined to expand local operations.
Shelby County Commissioners have approved committing $450,000 to the Economic Development Growth Engine over three years to hire two economic development case managers.
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.