Health care logistics facility awarded 10-year PILOT
The company expects to invest nearly $21 million in the project with more than $3.1 million for renovations and site improvements and $18 million in equipment and personal property.
Topic: Economic Development Growth Engine (EDGE)
RSSThere are 52 article(s) tagged Economic Development Growth Engine (EDGE):
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April 2025
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State PILOT board bill paused
State Sen. Brent Taylor proposed a bill in March that would have created a state-level board to offer companies tax incentives for projects in Memphis.
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March 2025
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Edge District bookstore-coffee shop, The Four Way get renovation loans
The forgivable loans will fund facade improvements, streetscape changes and interior design.
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November 2024
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Tulsa company to potentially invest $238M in Memphis
A leading manufacturer of air conditioning and heating equipment is looking to create almost 300 jobs in Memphis.
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October 2024
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Texas company investing $9M in new Memphis facility
The company plans to create more than 200 new jobs in engineering, administrative and production, enabling it to support its client base in the Southeast.
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September 2024
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Eco-friendly reno planned for One Memphis Place
Also: Coworking space for lawyers is coming to Downtown.
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January 2024
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Poplar Corridor Business District starts its first project
The project is being directed by the not-for-profit Poplar Corridor Business District Association of Owners using tax increment financing the group was awarded in 2018 from the Economic Development Growth Engine for Memphis & Shelby County.
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October 2023
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County Commission votes down study about tying tax incentives to wages
The resolution directing the Economic Development Growth Engine to conduct a study of the controversial idea fell short by two votes. The commission also delayed votes on the county land bank and a police review board.
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County Commission takes final vote on county real estate department
The commission also considers a study of wages paid by economic development projects that get property tax abatements as incentives at its Monday, Oct. 30, meeting.
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Shelby County Commission moves closer to replacing land bank
A plan to replace the Land Bank with a county government Real Estate Division moved ahead on the second of three votes. The commission also delayed revisiting a link between EDGE board incentives and wages.
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August 2023
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HVAC manufacturer to invest $18M in Memphis expansion
RedDot said Tuesday that the new project will result 50 new jobs in Shelby County.
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February 2023
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Timber company gets PILOT to move HQ to Cordova
Portugal-based MSS Steel and Ubique Group were also approved for PILOTs by the Economic Development Growth Engine for Memphis & Shelby County.
Related story:
Extension of first phase of Dixie Greyhound project awarded tax incentives
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MSS Steel seeks 10-year tax break
Mississippi-based Belnick is also seeking a 10-year PILOT for a furniture distribution facility.
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Redeveloped Allen plant could generate $1B+ yearly, officials say
The Tennessee Valley Authority, which owns the plant, closed the facility in 2018. Demolition is expected to be completed in 2025, TVA spokesperson Scott Brooks said.
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December 2022
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County Commission will wait until January to appoint District 86 representative
The Shelby County Commission will appoint the winner of the Democratic primary election Jan. 24. Since there are no Republican or independent challengers in the special March election, the appointee will effectively be the Tennessee House District 86 representative.
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November 2022
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DHL seeks tax incentive with unnamed partner
DHL would not name the third-party client it would partner with but said the customer is not based in Memphis or Shelby County.
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October 2022
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‘Young Rock’ TV series seeks multi-year jobs PILOT
The third season of “Young Rock” will feature 13 episodes all filmed in or around Memphis and Shelby County.
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September 2022
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EDGE expected to approve eco-friendly, federal incentive this month
To qualify, developers would have to invest at least $1 million in energy efficiency improvements or projects to reduce lead in drinking water.
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July 2022
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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.
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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.
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June 2022
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Memphis eyes commercial clean-energy program
The program could provide low-cost loans to businesses wanting clean energy upgrades.
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March 2022
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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.
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October 2021
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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.
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$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.
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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.
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