There are 34 article(s) tagged Economic Development Growth Engine (EDGE):

• July 2022

  • EDGE approves property acquisition near Firestone Plant, Riviana Foods PILOT

    The Memphis and Shelby County Economic Development and Growth Engine board approved the acquisition of 27.45 acres near the Firestone Tire & Rubber Co. plant.

    By Neil Strebig July 26, 2022

  • Graceland bonds hit snag on payment

    Elvis Presley Enterprises had to transfer money from a reserve fund to cover the cost of some bonds, but some bonds were unable to be paid.

    By Ben Wheeler July 25, 2022

• June 2022

  • Memphis eyes commercial clean-energy program

    The program could provide low-cost loans to businesses wanting clean energy upgrades. 

    By Keely Brewer June 08, 2022

• March 2022

  • A guide: Making sense of economic development terms

    Don’t know the DMC from the MLC, or the CCRFC from the CBID? Here’s a quick guide to some commonly used business and economic development terms and organizations. 

    By Neil Strebig March 13, 2022

• October 2021

  • City Council Scorecard: Ad hoc redistricting and higher EDGE wage

    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.

    By Bill Dries October 26, 2021

  • $21 an hour EDGE minimum wage proposal goes down in council vote

    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.

    By Bill Dries October 19, 2021

  • City Council taking final vote on downzoning 20 areas

    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.

    By Bill Dries October 18, 2021

  • Watch: Tax break incentives never far from controversy and questions

    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. 

    By Bill Dries October 16, 2021

  • City Council Scorecard: Test vote on EDGE incentives

    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.

    By Bill Dries October 14, 2021

  • $21-an-hour threshold for EDGE incentives faces long odds in council

    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.

    By Bill Dries October 05, 2021

• September 2021

  • EDGE grants exemption for anchor grocery store requirement

    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. 

    By Omer Yusuf September 15, 2021

• August 2021

  • EDGE reveals 10-year PILOT recipient spending

    Since its formation in 2011, the EDGE board has awarded 99 PILOTs to businesses seeking tax incentives.

    By Rob Moore August 18, 2021

• July 2021

  • S. Memphis rail track company wants tax incentive to expand

    Atlantic Track plans to expand its rail-manufacturing operations in South Memphis, hiring another 26 people.

    By Tom Bailey July 26, 2021

• 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