There are 53 article(s) tagged PILOT:
The Works, Inc. plans to develop a community hub that would house organizations that provide technical skills training and workforce development, comprehensive healthcare services, literary advocacy, as well as performing and visual arts programming.
According to a term sheet related from EDGE, Memphis would become home to three manufacturing lines running multiple shifts with capacity to annually produce approximately 22,500 containers and 30,000 chassis.
The rapid shift from physical to digital created a need for services that can aggregate the data and distribute it for consumption, which is where Connect Music found its opening.
The five-story development would include residential and retail space.
St. Louis, Missouri-based PGAV Planners will determine if the PILOT program is delivering the desired results of growing the tax base and helping projects happen that couldn’t otherwise.
At its Oct. 12 meeting, the Center City Revenue Finance Corp. is set to approve a plan for reviewing its PILOT program, and it will hear a new PILOT request for a Medical District development.
Conrad Pearson will build a new facility less than a mile from its current location.
Germantown will review a PILOT for new medical offices Monday evening. Aldermen will also review a resolution formalizing their stance on consolidation.
The city has been paying Memphis Light, Gas and Water Division about $2 million a year for the past three fiscal years without a corresponding payment from MLGW in the form of a PILOT.
Imperial Industrial Supply Co. seeks a tax incentive in return for buying an industrial building in Memphis for distribution of its products. The project would mean a $21 million investment and 35 jobs.
The Center City Revenue Finance Corp. board voted 7-0 to approve a 20-year incentive that will save developers of the $77 million Central Yards project $23 million in property taxes.
Monday’s delay by the Shelby County Commission follows a similar delay in approval by the Memphis City Council.
The notion that low taxes are good for Memphis is a bill of goods, more hollow than the Pyramid and less financially sound. Low taxes help the richest in our society and hurt the rest of us.
The owners of the Sheraton convention center hotel will seek a 30-year PILOT – payment in lieu of taxes – incentive for a major renovation of the 600-room, two-tower hotel.
IMC Companies' 10-year PILOT was approved earlier this month. The company released details on its plan to invest in Collierville.
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.