There are 30 article(s) tagged Economic Development Growth Engine (EDGE):
The Council Scorecard tracks two key votes from the Oct. 19 Memphis City Council session — one on how to approach redistricting, another blocking a higher minimum wage to qualify for economic development tax breaks.
The higher minimum wage for EDGE tax break incentives was well short of seven votes Tuesday, Oct. 19, on the Memphis City Council. Opponents of the measure defeated a move to delay the outcome but there may still be some life left in the call for higher pay for tax breaks.
The Tuesday, Oct. 18, City Council session also includes a vote on further commercial uses of the Annesdale Mansion and a vote on raising the minimum wage to qualify for economic development tax break incentives.
A reporters roundtable on the WKNO program “Behind The Headlines” looks at the most recent chapter in a long-running civic discussion about tax break incentives for economic growth.
The Council Scorecard looks at a lopsided council committee vote earlier this month on a new minimum wage for EDGE incentives and the outside events influencing it.
City Council members took a test vote of sorts in committee sessions on a proposal to make pay of $21 an hour the minimum for getting tax breaks from EDGE. The new Ford plant in Haywood County came up in the discussion.
Binghampton Development Corp. Executive Director Noah Gray and Shawn Massey with The Shopping Center Group shared more with the EDGE board about their unsuccessful attempt to lure a new grocer.
Since its formation in 2011, the EDGE board has awarded 99 PILOTs to businesses seeking tax incentives.
Atlantic Track plans to expand its rail-manufacturing operations in South Memphis, hiring another 26 people.
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.
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.
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.
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.
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.
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.
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.
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.
Alphatec Spine of California proposes to establish a distribution and repair operation in Memphis, with 95 employees and a $3.5 million capital investment.
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.
‘We haven’t gone after those jobs ... that would make people drop everything and move to Memphis,' City Council member Martavius Jones said.
The EDGE board approves more grant money for restaurants and grocers that are affected by the pandemic and the latest restrictions.
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.
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.
Proposed Port of Memphis link in a container-on-barges shipping network could yield billions in benefits, Memphis-Shelby County economic development officials say.
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.
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