There are 33 article(s) tagged Economic Development Growth Engine:

• September 2024

  • For Joann Massey, supporting small businesses makes a big difference

    Joann Massey will lead the economic development efforts for Memphis and Shelby County, spearheading efforts to attract investments, create jobs and help local businesses. 

    By Sophia Surrett September 09, 2024

• July 2024

  • 100 N. Main loan approved, Texas-based company coming to Memphis

    The 100 N. Main development team awarded an additional $1.8 million loan, the Texas-based company Reconext was awarded a tax incentive, two companies received tax-incentive amendments and more.

    By Sophia Surrett July 19, 2024

• June 2024

  • Memphis building solar panels so wastewater plant may pay for itself

    The City of Memphis will build a $25 million 21-acre solar photovoltaic system and emergency battery storage backup adjacent to the T.E. Maxson Wastewater Treatment Facility. 

    By Sophia Surrett June 25, 2024

• April 2024

  • 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.

    By Sophia Surrett April 17, 2024

• September 2022

  • 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. 

    By Neil Strebig September 07, 2022

• September 2021

  • 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. 

    By Omer Yusuf September 24, 2021

  • 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.

    By Omer Yusuf September 15, 2021

• August 2021

  • 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.

    By Tom Bailey August 13, 2021

• July 2020

  • 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.

    By Wayne Risher July 10, 2020

• May 2020

  • 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.

    By The Daily Memphian Staff May 15, 2020

• April 2020

  • 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.

    By Wayne Risher April 15, 2020

• January 2020

  • 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. 

    By Omer Yusuf January 07, 2020

• December 2019

  • 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.

    By Tom Bailey December 18, 2019

• November 2019

  • $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.

    By Tom Bailey November 14, 2019

  • 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. 

    By Omer Yusuf November 14, 2019

• October 2019

  • 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. 

    By Omer Yusuf October 27, 2019

  • 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. 

    By Omer Yusuf October 12, 2019

• September 2019

  • 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.

    By Elle Perry September 24, 2019

• July 2019

  • 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.

    By Omer Yusuf July 11, 2019

  • 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. 

    By Michelle Corbet July 10, 2019

• June 2019

  • AutoZone secures tax abatement for Downtown expansion

    AutoZone is approved for a tax incentive to expand its Downtown presence into a “campus environment.”

    By Michelle Corbet June 20, 2019

  • 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.

    By Tom Bailey June 15, 2019

• April 2019

  • 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. 

    By Michelle Corbet April 17, 2019

• March 2019

  • 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.

    By Wayne Risher March 21, 2019

• February 2019

  • 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.

    By Wayne Risher February 08, 2019