Driving Memphis &
Shelby County Forward
Economic Development
Growth Engine
EDGE brings together public and private entities to create new opportunities for economic advancement and prosperity.
Driving Memphis &
Shelby County Forward
Economic Development
Growth Engine
EDGE brings together public and private entities to create new opportunities for economic advancement and prosperity.
Driving Memphis &
Shelby County Forward
Economic Development
Growth Engine
EDGE brings together public and private entities to create new opportunities for economic advancement and prosperity.
– Program –
PILOT
A temporary, partial abatement of future real and/or personal property taxes that an applicant would otherwise have paid.
– Program –
TIF
Funds public infrastructure and improvements, and can finance private entities.
– Program –
ICED Loan
Small, forgivable loans that assist in facade and building improvements.
– Program –
IRB
Bonds that offer low-cost financing for manufacturing projects.
– Program –
FTZ
Allows companies importing parts/products to delay, reduce or eliminate taxes.
– Program –
FTZ
Allows companies importing parts/products to delay, reduce or eliminate taxes.
Key Industries of Memphis & Shelby County
EDGE By the Numbers
Economic Impact Since 2011
Created & Retained
Memphis/Shelby
County Jobs
MWBE Spend
with local MWBEs
More Than
In Capital Investment
Generated
In Tax Revenue
EDGE By the Numbers
Economic Impact Since 2011
Created & Retained
Memphis/Shelby
County Jobs
MWBE Spend
with local MWBEs
More Than
In Capital Investment
Generated
In Tax Revenue
Award-Winning Transparency
EDGE and its partners provide incentive, finance and small business development programs that help your business grow.
View Shelby County businesses that have received grants from EDGE Programs
Award-Winning Transparency
EDGE and its partners provide incentive, finance and small business development programs that help your business grow.
View Shelby County businesses that have received grants from EDGE Programs
EDGE Recognition for Excellence
Good Jobs First
2013: Tied for for transparency in incentive disclosures
Rebuild Tennessee
2014: Awarded for the EDGE Paul Lowery Road Project
SEDC
2014: Superior Award for EDGE Database and Merit Award for Regional Economic Development Website
CDFA
2018: Distinguished Development Finance Local Agency Award
Site Selection Magazine
2020: Mac Conway Awardfor Excellence in Economic Development
IEDC
2020: Excellence in Economic Development Gold Award for NEED Grant Program
Site Selection Magazine
2021: Mac Conway Awardfor Excellence in Economic Development
Jobs PILOT
Cognate BioServices Inc
Cognate BioServices, Inc. received approval for a 15-year Jobs PILOT encouraging the company to create 561 jobs paying an average wage of $63,749. The company plans to invest $213 million to renovate three Memphis industrial properties to house cell-therapy operations, contract development and manufacturing for drug sponsors, and related logistics. Founded in 2002, Baltimore-based Cognate BioServices is a leading contract developer and manufacturer of advanced cell and gene therapies. As the demand for regenerative medicine, cancer treatments and other live-cell biologics increases, Cognate is diversifying its services from clinical into commercial applications and now has facilities in the United States, United Kingdom, and Sweden.
Good Jobs First
2013: Tied for for transparency in incentive disclosures
Rebuild Tennessee
2014: Awarded for the EDGE Paul Lowery Road Project
SEDC
2014: Superior Award for EDGE Database and Merit Award for Regional Economic Development Website
CDFA
2018: Distinguished Development Finance Local Agency Award
Site Selection Magazine
2020: Mac Conway Awardfor Excellence in Economic Development
IEDC
2020: Excellence in Economic Development Gold Award for NEED Grant Program
Site Selection Magazine
2021: Mac Conway Awardfor Excellence in Economic Development
Jobs PILOT
Cognate BioServices Inc
Cognate BioServices, Inc. received approval for a 15-year Jobs PILOT encouraging the company to create 561 jobs paying an average wage of $63,749. The company plans to invest $213 million to renovate three Memphis industrial properties to house cell-therapy operations, contract development and manufacturing for drug sponsors, and related logistics. Founded in 2002, Baltimore-based Cognate BioServices is a leading contract developer and manufacturer of advanced cell and gene therapies. As the demand for regenerative medicine, cancer treatments and other live-cell biologics increases, Cognate is diversifying its services from clinical into commercial applications and now has facilities in the United States, United Kingdom, and Sweden.
Good Jobs First
2013: Tied for for transparency in incentive disclosures
Rebuild Tennessee
2014: Awarded for the EDGE Paul Lowery Road Project
SEDC
2014: Superior Award for EDGE Database and Merit Award for Regional Economic Development Website
CDFA
2018: Distinguished Development Finance Local Agency Award
Site Selection Magazine
2020: Mac Conway Awardfor Excellence in Economic Development
IEDC
2020: Excellence in Economic Development Gold Award for NEED Grant Program
Site Selection Magazine
2021: Mac Conway Awardfor Excellence in Economic Development
Jobs PILOT
Cognate BioServices Inc
Cognate BioServices, Inc. received approval for a 15-year Jobs PILOT encouraging the company to create 561 jobs paying an average wage of $63,749. The company plans to invest $213 million to renovate three Memphis industrial properties to house cell-therapy operations, contract development and manufacturing for drug sponsors, and related logistics. Founded in 2002, Baltimore-based Cognate BioServices is a leading contract developer and manufacturer of advanced cell and gene therapies. As the demand for regenerative medicine, cancer treatments and other live-cell biologics increases, Cognate is diversifying its services from clinical into commercial applications and now has facilities in the United States, United Kingdom, and Sweden.
Upcoming Meetings
Wednesday, November 16, 2022: EDGE Board Meeting
Wednesday, 3:00 pm, November 16, 2022
Embassy Suites by Hilton Memphis
1022 South Shady Grove Road | Memphis, TN 38120
Wednesday, December 21, 2022: EDGE Board Meeting
Wednesday, 3:00 pm, December 21, 2022
Memphis Area Association of Realtors
6393 Poplar Avenue | Memphis, TN 38119
Newsroom
Finance Committee Member Phil Stevenson Recognized
EDGE salutes founding Finance Committee member Phil Stevenson for his service and commitment.
Summer Avenue Plans for Neighborhood Revitalization
The Heights General Partnership, lead by Drew Joyner, Octavious Nickson, and Chris Hendrix was approved for a $75,000 ICED loan for three contiguous parcels at 3393 Summer, 3437 Summer, and 610 National.
C-PACER Program Leverages Private Funding for Public Good
A sustainability landmark in Memphis was approved at the EDGE September board meeting with the inaugural C-PACER program for Tennessee. Memphis will be the first city in the state to adopt these resiliency measurements for economic growth and will serve as a blueprint for later municipal programs.