There are 13 article(s) tagged PILOT:
Raymond James, headquartered in St. Petersburg, gets in a fight with their landlord Jacob Sofer, headquartered in New York, over elevators in their Downtown Memphis office building, and the next thing you know, EDGE has given Raymond James $3,238,440 of your and my money to move to East Memphis.
Raymond James plans to create 100 jobs and invest $23.6 million to consolidate its Memphis offices and a new tax increment financing district is expected to spur economic development in Raleigh.
Cherry Tree International Corp. is seeking a 10-year Fast Track PILOT from EDGE to create 25 new jobs in Memphis.
A railroad products manufacturer may be moving its U.S. headquarters from New Jersey to Memphis after receiving a 15-year property tax incentive on Wednesday.
Despite creating fewer jobs and paying lower salaries than promised, EDGE CEO and president Reid Dulberger says IKEA is committed to its Memphis store.
Peel back the fancy ribbon-cutting ceremonies and press conferences for new jobs and all you’re left with is handouts to big, connected companies and higher taxes for the rest of us.
Companies want to locate in communities that will work with them long after the ribbon-cutting and headlines are done. We know that our local firms are constantly being courted by other communities looking to grow their economies.
Two Memphis companies are ready to hire 76 new workers and invest nearly $15 million combined to expand local operations.
Memphis Mayor Jim Strickland says a month ago, Electrolux executives assured him their Memphis plant would stay open and even expand to include new product lines. With word of the plant closing in 2021, he told The Daily Memphian Politics Podcast the city, county and state "overpaid" in terms of incentives.
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