There are 77 article(s) tagged economic development:
Cognate BioServices, which has been contract-manufacturing in Memphis since 2007, seeks 15 years of property tax breaks that would save the company $52 million in return for the jobs and investment. However, the firm would still pay $65.4 million in taxes during the same period.
The bio-services firm commits to creating 561 more jobs that pay $63,749 on average, and to making a $212.9 million capital investment.
Amazon is so eager to get the facility built near the southeast corner of I-40 and Appling that the e-commerce giant is – again – not seeking tax breaks or other public incentives that are so common for large-investment, high-employment developments.
The nonprofit organization so far has sold 270 motor scooters to provide reliable, affordable workforce transportation, but also provides free accessory gear, training, maintenance and insurance.
Indigo Ag has launched a new line of business selling carbon credits that benefit farmers in sustainable agriculture. And Indigo’s first eight corporate customers include some stellar names.
Material Bank plans to lease warehouse space, invest $14.5 million and employ 300 people in Olive Branch.
A developer has filed for a 31-acre planned development just west of Appling Road along I-40, where a 141,000-square-foot Amazon delivery station would be built.
Memphis and Shelby County will sacrifice hundreds of millions of dollars worth of support in economic development if Memphis Light, Gas & Water Division splits from TVA, chief executive Jeffrey Lyash tells the EDGE Board.
DHL proposes to build a 975,000-square-foot warehouse and fill it with Yeti coolers and other Yeti products. And a California company proposes to move its headquarters to Memphis.
Engineered Medical Systems has already more than doubled the size of its facility from 40,000 to 92,000 square feet.
Start-up Indigo Ag, with its North American commercial operations headquartered in Downtown Memphis, continues to raise investor funding, but has a goal to become self-sufficient by the end of this year.
Owners have spent nearly $11 million building Grind City Brewery Co. near Uptown. They are frustrated that the taproom's opening has been delayed for months while they wait for MLGW to move a power pole from the middle of the access drive.
The e-commerce giant will now operate more than 4 million square feet of facilities in the Memphis area.
Google's goal is to hire 100 people by the end of 2020 and open its operations center at 5665 Airways by summer 2021.
A building permit application filed this week is part of a $20 million project to enlarge and upgrade St. Clair Foods, which makes potato salad and many other refrigerated or frozen side dishes and has an expanded deal with Sam's Club stores.
Amazon says it has met its goal of hiring an additional 100,000 people in the U.S. over the past month, including 2,000 in Tennessee.
The Land Use Control Board endorsed rezoning from residential to light-industrial uses 66 acres just north of Memphis International Airport. The site is where 258 homes were removed decades ago as part of a noise-abatement program.
Sources say Google has homed in on undeveloped land fronting Interstate 55, just north of Tanger Outlets, for a customer-support center that will employ more than 350 people.
Indigo Ag indicates that roughly 50 Memphis employees have been laid off. Yet, the Memphis staff of 280 is still larger than it was a year ago and will keep growing, a company representative says.
Kathryn Garland, a former chef turned real estate agent, is the new president of the Memphis Area Association of Realtors.
Collierville has seen consistent and steady tax revenue in recent years. Town leaders say it helps alleviate the pressure on property taxes, and they have reason to believe the sales revenue growth will continue.
The company will host a recruiting event Jan. 30 to find new, full-time employees.
Sedgwick Claims Management Services, with global headquarters in Memphis, will grow by seven employees with its acquisition of G&E Enterprises.
Google has been looking for a site in Southaven for its operations center, according to sources not directly involved in the company's search.
A suspected Amazon facility in Frayser/Raleigh will include 787,000 square feet for "robot storage" platforms.