Up to $250K a year going to small businesses in high-crime areas
The Crime Prevention Through Environmental Design initiative will use “urban and architectural design” and implement the management of “built and natural environments” to fight crime.
Topic: Economic Development Growth Engine
RSSThere are 30 article(s) tagged Economic Development Growth Engine:
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April 2024
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September 2022
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Riviana Foods to undergo $80.6M expansion
In July, EDGE approved an 11-year PILOT incentive for the project at 2314 S. Lauderdale St. Construction is expected to begin in early 2023.
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September 2021
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About Town: The search for Binghampton grocery continues
A year after Save A Lot’s closure, Binghampton is firmly a food desert again and there are now no immediate plans to find a replacement.
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EDGE board grants 2 new PILOTs for business expansions
The PILOTs were granted to RedDot, a Washington-based HVAC manufacturer and distributor, and DHL Supply Chain, a third-party logistics provider.
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August 2021
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Bartlett maker of vinyl records plans expansion, including into Memphis
Memphis Record Pressing LLC credits the resurgent popularity of vinyl records for its plans to expand in Bartlett and Memphis.
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July 2020
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EDGE throws lifeline amid COVID-19 challenges
Sekisui won a grant from the Economic Development Growth Engine to aid the sushi restaurant's comeback from an extreme loss of business due to COVID-19.
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May 2020
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Baker, barber, groomer receive grants to sustain inner-city businesses
The Economic Development Growth Engine has $862,500 left to distribute in Neighborhood Emergency Economic Development grants after approving 24 grants totaling $137,500 over the past three weeks.
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April 2020
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New grants aim to shore up small businesses in distressed neighborhoods
The EDGE board on Wednesday approved a $1 million fund for Neighborhood Emergency Economic Development grants to coronavirus-impacted businesses in distressed neighborhoods. EDGE immediately began accepting applications.
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January 2020
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Negotiations underway with potential grocer for $16 million Frayser Gateway
The Frayser Gateway is expected to include a new grocery store for the neighborhood. The development mirrors the Binghampton Gateway, which opened in 2018.
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December 2019
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Tax incentives approved for transformer plant, chemical plant
The EDGE Board on Wednesday approved $13.1 million worth of new tax incentives for two companies that plan to make $141 million in capital investments and add at least 159 jobs.
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November 2019
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$6.8M in tax incentives approved for four firms by EDGE board
The EDGE board approved new tax incentives for four companies that will invest about $70 million and create about 140 jobs.
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County Commission committee recommends Raleigh TIF proposal
The full Shelby County Commission is set to vote on the Raleigh TIF district Nov. 18 and Memphis City Council must also approve it before it goes into effect.
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October 2019
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Raleigh TIF proposal generates excitement, potential for neighborhood
The Raleigh TIF is the first proposed TIF in the neighborhood and is centered around the Raleigh Springs Town Center development along Austin Peay Highway.
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EDGE board to vote on implementing TIF district in Raleigh
A portion of the property tax revenue in the TIF district would go toward funding streets, sidewalks and other infrastructure needs in Raleigh.
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September 2019
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GWERC director working to help Whitehaven businesses unlock economic incentives
With a population of 40,000 in 2016, the U.S. Census Bureau estimates that Whitehaven’s median income was $39,000 – higher than the city of Memphis at $37,000.
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July 2019
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Frayser barber close to realizing dream of opening own shop
Carnell Vann has spent the past 10 years trying to open a barbershop in his Frayser neighborhood. Now he's close to realizing his dream.
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Midtown pasta maker secures loan for former Fuel Cafe space
The canopy of the former gas station that most recently housed Fuel Cafe is one stop closer to being closed in to increase seating capacity for a new homemade pasta and pizza restaurant.
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June 2019
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AutoZone secures tax abatement for Downtown expansion
AutoZone is approved for a tax incentive to expand its Downtown presence into a “campus environment.”
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AutoZone plans expansion, $145M investment Downtown
AutoZone seeks a 15-year tax incentive in return for expanding its Downtown Memphis presence with a $145 million investment and addition of 130 jobs.
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April 2019
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Dulberger: IKEA seems ‘committed to making the Memphis store work’
Despite creating fewer jobs and paying lower salaries than promised, EDGE CEO and president Reid Dulberger says IKEA is committed to its Memphis store.
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March 2019
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EDGE holds Graceland TIF public hearing, approves Midtown project
A public hearing on Graceland expansion drew no public comments, and changes to a tax abatement agreement for Midtown apartments sailed to easy approval Wednesday.
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February 2019
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Electrolux downsized staff by 55 percent in runup to closing announcement
Electrolux trimmed its Memphis factory's workforce by more than half during 2018, during the runup to a surprising Jan. 31 announcement it would shut down in Memphis in two years.
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December 2018
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Canadian elevator company ‘no longer pursuing’ approved tax incentive
A Canadian elevator company is no longer pursuing a local tax incentive for its $3.5 million investment and creation of 25 new jobs in Hickory Hill.
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November 2018
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Hard seltzer sales spur Memphis distribution center
White Claw Hard Seltzer is the main reason malt beverage maker Mark Anthony Brewing Inc. wants to establish its own distribution center in Memphis. -
EDGE seeks legal opinion on project code names
Some local leaders want to keep major economic development projects out of the public eye until the company is ready to disclose its plans.
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About 30 results