There are 46 article(s) tagged Economic Development Growth Engine (EDGE):

• June 2021

  • EDGE awards Whitehaven economic development group 100K grant

    EDGE awarded a $100,000 grant focusing on Whitehaven as part of a large effort to work with local economic development partners throughout the county.

    By Omer Yusuf June 16, 2021

• May 2021

  • Walgreens chooses Memphis for new delivery model

    The EDGE Board on Wednesday, May 19, approved tax incentives for Walgreens’ high-tech distribution center, Ampro’s expansion in Frayser and the renovation of an old shopping center in the Heights.

    By Tom Bailey May 19, 2021

  • 3 new projects emerge, totaling $62M in investments, 200-plus jobs

    Walgreens plans a new distribution center in Memphis with 200 jobs. Ampro plans a $30 million expansion in Frayser. And an old shopping center with a huge presence in the Heights neighborhood may be renovated. 

    By Tom Bailey May 14, 2021

  • FedEx, Wright Medical seek waiver for tax-incentive obligations

    Companies receiving tax incentives from the EDGE Board are supposed to meet their commitments for the number of employees coming to the workplace. But because so many employees worked from home during the pandemic last year, some companies are seeking a waiver.

    By Tom Bailey May 14, 2021

  • Site Selection magazine honors Memphis Chamber, EDGE

    For the second consecutive year, the EDGE and Greater Memphis Chamber have received a top 25 honor by Site Selection magazine for their work in 2020 to recruit jobs and investment.

    By The Daily Memphian Staff May 06, 2021

• April 2021

  • Sylvamo focused on Memphis for its global headquarters

    Executives of the printing paper-making company that is spinning off from International Paper expect to decide by October where to put their global headquarters.

    By Tom Bailey April 21, 2021

• March 2021

  • Project Bluebird: Memphis nests with fledgling carmaker

    California-based Mullen Technologies has been literally all over the map in deciding where it will make its first electric vehicle. Now, Memphis leaders feel they’ve made a safe bet on the start-up, and the payoff could be hundreds of manufacturing jobs.

    By Tom Bailey March 21, 2021

  • Tax incentive approved for first Memphis automaker in 63 years

    Mullen Technologies received tax break in return for hiring 434 people, investing $362 million and becoming the first company to make cars in Memphis since the Ford plant closed in 1958.

    By Tom Bailey March 18, 2021

  • Medical device company plans Memphis operation

    Alphatec Spine of California proposes to establish a distribution and repair operation in Memphis, with 95 employees and a $3.5 million capital investment.

    By Tom Bailey March 15, 2021

• February 2021

  • EDGE moves to help pay for Liberty Park

    The EDGE Board approved an “inducement resolution,” and will later vote to authorize issuance of up to $75 million in Tourism Development Zone bonds to help pay for the $125 million Liberty Park.

    By Tom Bailey February 17, 2021

  • Wanted: Better paying jobs to attract talent to Memphis

    ‘We haven’t gone after those jobs ... that would make people drop everything and move to Memphis,' City Council member Martavius Jones said.

    By Bill Dries February 06, 2021

• January 2021

  • Extra $5,000 grants available for COVID-affected restaurants, grocers

    The EDGE board approves more grant money for restaurants and grocers that are affected by the pandemic and the latest restrictions.

    By Tom Bailey January 06, 2021

• August 2020

  • TVA chief details Memphis losses in economic development by leaving the system

    Memphis and Shelby County will sacrifice hundreds of millions of dollars worth of support in economic development if Memphis Light, Gas & Water Division splits from TVA, chief executive Jeffrey Lyash tells the EDGE Board.

    By Tom Bailey, Bill Dries August 21, 2020

  • New DHL campus among 5 projects receiving tax incentives; issue delays XPO application

     XPO Logistics agreed to temporarily pull its application for tax incentives after U.S. Rep. Steve Cohen wrote to EDGE asking that deliberations be delayed because of controversy over previous XPO operations in Memphis.

    By Tom Bailey August 20, 2020

  • Port of Memphis sees huge impact from containers on river

    Proposed Port of Memphis link in a container-on-barges shipping network could yield billions in benefits, Memphis-Shelby County economic development officials say.

    By Wayne Risher August 14, 2020

• June 2020

  • The Four Way wins EDGE grant for COVID comeback

    Nearly $500,000 in emergency economic development grants have been approved for 88 Memphis small businesses struggling to rebound from COVID-19. The Four Way is among latest recipients.

    By Wayne Risher June 26, 2020

  • Burgess knocks ‘Bluff City Law’ tax incentive

    Shelby County Property Assessor Melvin Burgess Jr. said the $1.4 million tax abatement Comcast received wasn't what such incentives were intended for. It’s the second time Burgess has criticized EDGE tax incentives.

    By Bill Dries June 23, 2020

• May 2020

  • Memphis-made Shine ‘n Jam hair gel called market’s ‘hottest thing’

    Two manufacturers and an apartment builder received tax incentives from the EDGE Board.

    By Tom Bailey May 20, 2020

  • Pandrol, Ampro plan to invest more in manufacturing

    Pandrol plans to increase its capital investment in Memphis from $9.3 million to $12.9 million, and Ampro plans to invest $6 million to manufacture a new product line at its plant in Frayser.

    By Tom Bailey May 15, 2020

  • From hair salons to tattoo studio, small businesses get jolt of capital

    The first 11 grants, totaling $62,500, were approved Friday, May 1, under the Economic Development Growth Engine's new program to aid small, inner-city businesses struggling because of the COVID-19 pandemic.

    By Wayne Risher May 01, 2020

• April 2020

  • Logistics company DHL, countertop maker seek EDGE tax breaks

    A supply chain company and a countertop fabricator are seeking tax incentives from the Economic Development Growth Engine Wednesday, April 15.

    By Wayne Risher April 12, 2020