In the second quarter of FY 2021, EDGE worked to encourage investment and job creation by a major logistics provider, a global biosciences company, a local manufacturer born out of the COVID-19 pandemic, and a California-based dental labs company. These projects...
Memphis, Tenn. (February 3, 2021) – Eight local businesses struggling with the effects of the COVID-19 pandemic received some relief today in the form of NEED Grants. The businesses—six restaurants and two salons—each received $5,000. The EDGE Finance Committee also...
Memphis, Tenn. (January 20, 2021) – Three distribution projects approved by EDGE today would create and retain more than 400 jobs and invest more than $55 million in Memphis. The projects help to continue Memphis’ growth in distribution and the life sciences...
In any normal year, spring and summer bring countless weddings and events leading to big business for retail shops like Gloria’s Bridal & Formal. But 2020 was not a normal year. “Sales and revenue have been cut in half since COVID-19,” said Gloria’s Bridal &...
Memphis, Tenn. (January 6, 2021) – As restaurants and grocers face additional struggles amid new restrictions related to the COVID-19 pandemic, EDGE today amended its NEED Grant program to provide fast and much-needed assistance to these businesses. Restaurants and...
Early last year, 22-year-old Sedric Hamer knew he needed to make a change. “I was just jumping from warehouse to warehouse,” said Hamer. “I knew I wanted to make a change and take a leap of faith.” Hamer signed up for machining classes at Southwest Tennessee Community...
EDGE Sees Third Busiest Year on Record; More Growth for Memphis’ Medical Device Industry; Nearly $800,000 in NEED Grants Has Gone to Supporting Inner City Businesses Read the Newsletter
The EDGE Board has approved a partnership with the Tennessee Small Business Development Center at Southwest Tennessee Community College (TSBDC) to provide assistance to applicants completing the ICED Loan application and to work with the applicants to identify...
The COVID-19 pandemic has been devastating for many companies across this country, including many of the EDGE and IDB PILOT recipients. The EDGE Board has approved PILOT policy updates that would allow PILOT recipients to count work-from-home employees in on-site...
Technicolor, a worldwide technology leader in the media and entertainment sector, is looking to invest more money in its Memphis operation and move four of its senior executives to this city. The EDGE Board has amended the company’s original PILOT agreement to...
