There are 44 article(s) tagged economic development:

• July 2019

  • Smith & Nephew upgrading its Brooks Road campus

    The medical-device maker is adding employees and spending millions to improve facilities at its sprawling complex on gritty Brooks Road.

    By Tom Bailey July 21, 2019

  • South City art space up for DMC Good Neighbor Grant

    Yvonne Bobo's project to create space for 15 artists and a nonprofit called Off the Walls that will serve at-risk youth and adults in South City may receive additional incentives. 

    By Elle Perry July 12, 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

  • Saia takes another step toward new $15M truck terminal

    Saia Motor Freight seeks building permit to build 200-door cross dock just east of Memphis International Airport.

    By Tom Bailey June 24, 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

  • Snuff District revealed in new renderings

    Newly released architectural renderings have revealed what  the 55-acre, nearly $200 million Snuff District mixed-use development will look like in Uptown next to the Wolf River Harbor.

    By Tom Bailey June 17, 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

• May 2019

  • Memphis implant firm grows rapidly, draws majority investor

    A private-equity firm has bought controlling interest of the rapidly growing CrossRoads Extremity Systems, which was founded in Memphis less than five years ago. 

    By Tom Bailey May 14, 2019

• April 2019

  • My City Rides revs up motor scooter campaign for Memphis

    The nonprofit My City Rides is gearing up for a more aggressive second year to promote its motor scooter sales as an answer to the transportation challenges for many Memphians.

    By Tom Bailey April 28, 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

  • EDGE: Downtown Memphis will never be top 'economic node' in Shelby County

    Although Downtown Memphis has landed several corporate headquarters relocations, some local leaders see it as part of a bevy of community assets rather than a center for economic activity. 

    By Michelle Corbet March 01, 2019

• February 2019

  • JNJ Logistics to start building new Memphis headquarters

    JNJ Logistics will break ground on a new headquarters and employ more than 500 near the old Mall of Memphis, but the headcount will eventually exceed 1,000, a consultant says.

    By Tom Bailey, Michelle Corbet February 25, 2019

  • Ag-equipment company leaving Memphis for Olive Branch

    Memphis-based Krone North America never sought incentives to remain in Memphis, and will start moving its 45 jobs to Olive Branch by the end of 2019.

    By Tom Bailey February 20, 2019

  • Robertson: Workforce development and economic development go hand in hand

    When reporting on economic development, the media often emphasizes tax breaks while downplaying the net new taxes generated. This leads many people to simply misunderstand how incentives work and can have serious repercussions for a community, as can be seen in New York with Amazon.

    By Beverly C. Robertson February 19, 2019

  • Governor’s first Memphis economic development announcement expected Tuesday

    Gov. Bill Lee is scheduled to be in Memphis Tuesday, Feb. 12, for what's expected to be his first economic development announcement in the city. 

    By Wayne Risher, Michelle Corbet, Bill Dries February 12, 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

  • Infrastructure is key to continued growth in Tennessee’s economy

    Infrastructure is key to continued growth in Tennessee’s economy. In Memphis, we must continue to invest in world-class transportation systems and we must look to new solutions to fund these investments.

    By Jim Strickland February 08, 2019

• January 2019

  • Opposition buries proposed gravel mine for Rosemark

    A proposed, 173-acre stone and gravel mine in Rosemark was unanimously rejected Thursday, Jan. 10, by the Land Use Control Board. 

    By Tom Bailey January 10, 2019

  • Union Row points out inequities in development process

    First, let me say I’m pretty much all for development, especially in the Memphis city core, but I think the massive Union Row project demonstrates an inequity in the development process that we need to examine. The beauty of this problem, however, is the solution would have a positive impact, helping create new small “infill” development across Memphis in neighborhoods that might otherwise be ignored.

    By Taylor Berger January 09, 2019

• December 2018

  • New restaurants spreading across Germantown in the coming months

    With several new restaurants opening in Germantown, the area is getting expanded options for dining.

    By Michael Waddell December 27, 2018

  • Canadian elevator company 'no longer pursuing' approved tax incentive

    A Canadian elevator company is no longer pursuing a local tax incentive for its $3.5 million investment and creation of 25 new jobs in Hickory Hill.

    By Michelle Corbet December 24, 2018

  • Indigo Ag's average Memphis salary to be $92,383

    The 625 new corporate jobs Indigo Ag will bring to Downtown Memphis will pay an average salary of $92,383.

    By Tom Bailey December 15, 2018

  • Indigo Ag bringing 700 jobs to Downtown Memphis

    Indigo Ag will establish its headquarters for North American commercial operations in Downtown Memphis, where the high-tech agriculture firm will increase its workforce by another 700 corporate employees and invest $6.6 million over the next three years, company, state and local officials announced Wednesday.

    By Tom Bailey December 13, 2018

  • Wiseacre seeking 15-year PILOT for $9M brewery

    Wiseacre Brewing Co.’s new Downtown Memphis brewery will carry a price tag of more than $9 million, according to new documents made public Thursday, Dec. 6.

    By Patrick Lantrip December 06, 2018

• November 2018

  • Hard seltzer sales spur Memphis distribution center

    White Claw Hard Seltzer is the main reason malt beverage maker Mark Anthony Brewing Inc. wants to establish its own distribution center in Memphis.

    By Michelle Corbet November 15, 2018

  • EDGE seeks legal opinion on project code names

    Some local leaders want to keep major economic development projects out of the public eye until the company is ready to disclose its plans.

    By Michelle Corbet November 15, 2018

  • Leaders propose joint venture for Chamber, EDGE

    Local government and business leaders have joined together to propose new changes to the economic development process, which includes a new joint venture to oversee how the Greater Memphis Chamber and the EDGE board recruit new jobs.

    By The Daily Memphian Staff November 08, 2018

  • Strickland backs regionalism in new economic development push

    An emerging plan for a better local economic development strategy will include a healthy dose of regionalism, Memphis Mayor Jim Strickland says, and adhere closely to recommendations from ad hoc groups calling for better research, closer management of companies looking at Memphis and setting and sticking to goals for pursuing specific industries.

    By Bill Dries November 02, 2018

• October 2018

  • Economic development overhaul proposal takes shape

    A group working on changes to the local approach to economic development is recommending a larger role for the Greater Memphis Chamber.

    By Bill Dries October 30, 2018

  • Strickland says city economic development reform plan circulating

    Memphis Mayor Jim Strickland’s administration has a proposal for changing the city’s approach to economic development that is making the rounds with other organizations involved in attracting businesses.

    By Bill Dries October 24, 2018

  • Port master plan envisions heavy capital investment, big rewards

    A new master plan for the Port of Memphis calls for infrastructure upgrades to keep Presidents Island stable and a concerted push to maximize the potential of 2,300 undeveloped acres in nearby Frank C. Pidgeon Industrial Park.

    By Wayne Risher October 18, 2018

  • Guest column: A different vision for economic development

    You have probably heard some public discourse around the use of code names for projects seeking incentive packages in our community.

    By Eric Miller October 17, 2018

• September 2018

  • Report finds broader economic development plan needed

    The city-county Economic Development Growth Engine organization known primarily for granting tax incentives to businesses coming to or expanding in Memphis should be empowered to pursue a broader economic development strategy, according to a new report that compares EDGE to efforts in four other cities.

    By Bill Dries September 29, 2018

  • Trenary remembered as charming, passionate advocate of Memphis

    Phil Trenary was an accidental Memphian who became one of the city’s staunchest promoters.

    By Wayne Risher September 28, 2018

  • Amazon seeks applicants for 1,500 Memphis jobs

    Amazon’s emerging presence in Memphis – as an employer instead of an online seller – is hitting full stride with the announcement Thursday that the world’s largest online retailer wants to hire 1,500 people at two Memphis facilities.

    By Tom Bailey September 27, 2018

  • The case for code names: Finding the balance between competitiveness, good public policy

    These are the code names for some of the largest economic development projects in recent history — Mitsubishi Electric Power Products’ $226 million manufacturing plant on Presidents Island, Orgill Inc.’s $21 million world headquarters in Collierville and the $36 million transformation of Peabody Place into a headquarters for ServiceMaster Global Holdings.

    By Michelle Corbet September 24, 2018

  • Holiday hiring ramps up

    The holiday hiring season is in full swing in Memphis, where thousands of people work to distribute products around the nation and world.

    By The Daily Memphian Staff September 21, 2018

  • IKEA reducing operating hours at Memphis store

    IKEA will cut its operating hours in Memphis, the retailer’s only U.S. store to reduce store hours.

    By Tom Bailey September 19, 2018

  • Onyx Medical to expand manufacturing facility

    Onyx Medical this week applied for a building permit to start an $11 million expansion of its medical-device manufacturing facility in northeast Memphis.

    By Tom Bailey September 19, 2018

  • Strong development activity on all fronts underway in Collierville

    Collierville development should continue its optimistic trend with anticipated growth expected for residential, office, industrial, hotels and retail, according to town leaders.

    By Michael Waddell September 18, 2018

  • 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 18, 2018

  • Harris says he will focus on education, transit, other poverty-reduction efforts

    Newly elected Shelby County Mayor Lee Harris kicked off “A New Era” in Shelby County government by doing something past county mayors have rarely done – being sworn-in at the same ceremony as the 13-member Shelby County Commission.

    By Omer Yusuf September 16, 2018