Trap Fusion restaurant, artist studios seek ICED loans
A Whitehaven restaurant and proposed artist studios are seeking forgivable loans from the Economic Development Growth Engine for Memphis & Shelby County.
Topic: EDGE
RSSThere are 95 article(s) tagged EDGE:
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March 2019
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EDGE approves ICED loans for Trap Fusion, Warehouse Studios
On Wednesday, EDGE approved forgivable loans for a Whitehaven restaurant and a studio warehouse for artists near Vance Avenue.
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Electrolux returns to tax rolls after ending incentive agreement
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.
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February 2019
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JNJ Logistics to start building new Memphis headquarters
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.
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Property assessor wants in on the front end of deals after Electrolux fallout
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.
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FedEx Logistics HQ incentives top $34 million with EDGE approval
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.
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Extended tax freeze, reimbursable grant sought for FedEx Logistics’ Downtown Memphis HQ
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.
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Strickland: City, county ‘overpaid’ for Electrolux
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.
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January 2019
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Robertson outlines chamber-EDGE joint venture to debut in February
The Greater Memphis Chamber and the Economic Development Growth Engine organization are expected to roll out their new economic development strategy next month.
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LEDIC revives plans for East Memphis headquarters
Although LEDIC announced its Memphis headquarters more than three years ago, it is just now getting started.
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Memphis vies for 166 new order fulfillment, distribution jobs
An opportunity for a distribution operator to pursue a new contract could bring 166 new jobs to Memphis.
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December 2018
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Large permit filed for Madison Avenue apartments
The development group 1544 Madison Partners, which consists of Orgel Family L.P., Three Madison Investments, Berlin Boyd, Adam Slovis, Benjamin Orgel, Jay Lindy and Michael McLaughlin, has filed a $21 million building permit application with city and county construction officials. -
EDGE: Trucking firm moves, YMCA preps for renovations, manufacturer sells
Power Transport, a transportation and logistics company with a fleet of more than 125 trucks, is seeking a tax abatement to fix up a warehouse near the airport for its corporate offices. -
Building density, building community
With a shared private and public goal to increase population density as a mechanism to become more efficient and successful as a city, the expansion of Memphis and Shelby County’s Economic Development Growth Engine (EDGE) payment in-lieu-of taxes (PILOT) incentive to include Midtown has been welcomed by multifamily developers in our community.
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November 2018
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Mike’s Hard Lemonade maker seeks tax break on Memphis warehouse
The maker of Mike's Hard Lemonade, a major customer of Memphis contract brewery Blues City Brewing, is seeking a tax abatement for a warehouse and distribution center in southeast Memphis. -
Advisory board to hold chamber, EDGE accountable
During the spring, controversy sparked a joint meeting of the Memphis City Council and Shelby County Board of Commissioners. -
Leaders propose joint venture for Chamber, EDGE
Local government and business leaders have joined together to propose new changes to the economic development process, which includes a new joint venture to oversee how the Greater Memphis Chamber and the EDGE board recruit new jobs. -
Strickland backs regionalism in new economic development push
An emerging plan for a better local economic development strategy will include a healthy dose of regionalism, Memphis Mayor Jim Strickland says, and adhere closely to recommendations from ad hoc groups calling for better research, closer management of companies looking at Memphis and setting and sticking to goals for pursuing specific industries.
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September 2018
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City working group looks for direction on EDGE
The city’s working group on economic development is about to compare notes on the attributes of a “perfect” economic development organization. -
Memphis sees potential in river shipment of cargo containers
Memphis doesn’t want to miss the boat if and when container ships start plying the Mississippi River on a regular basis.
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