There are 41 article(s) tagged Economic Development Growth Engine (EDGE):
Portugal-based MSS Steel and Ubique Group were also approved for PILOTs by the Economic Development Growth Engine for Memphis & Shelby County. Extension of first phase of Dixie Greyhound project awarded tax incentivesRelated story:
Mississippi-based Belnick is also seeking a 10-year PILOT for a furniture distribution facility.
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.
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.
DHL would not name the third-party client it would partner with but said the customer is not based in Memphis or Shelby County.
The third season of “Young Rock” will feature 13 episodes all filmed in or around Memphis and Shelby County.
To qualify, developers would have to invest at least $1 million in energy efficiency improvements or projects to reduce lead in drinking water.
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.
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.
The program could provide low-cost loans to businesses wanting clean energy upgrades.
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.
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.
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