News - Economic Development Growth Engine

Trio of New Businesses Approved for ICED Loans

October 20, 2021 | News

A performing arts training center, multi-use space, and entrepreneur business development center were all green-lighted after receiving Inner City Economic Development (ICED) loan approval. Fine arts instructor Venise Settles has launched a non-profit training center...

Dulberger to Depart EDGE in December

September 27, 2021 | News

The President and CEO of the Economic Development Growth Engine (EDGE) have announced plans to leave the organization. Reid Dulberger began working at EDGE in 2012. He concurrently serves as Chief Economic Development Officer for the City of Memphis and for Shelby...

Board Approves Two PILOTs Plus Junior Achievement Heads to Binghampton

September 16, 2021 | News

An employee-owned HVAC manufacturer and the world’s largest contract logistics specialist have plans to grow Bluff City. RedDOT Corporation and DHL combined will add dozens of new jobs and millions in capital investment to Memphis’ business landscape. RedDot is a...

Whitehaven Eatery and Midtown Shoe Restoration Business Set for Growth After ICED Loan Approval

August 25, 2021 | News

A culinary veteran and a former professional golfer will both expand their businesses after receiving approval for Inner City Economic Development (ICED) loans. Restaurant Kora will call Whitehaven home, while footwear restoration business Snkrr Bar is currently open...

EDGE PILOT Recipients Exceed Minority Spending Requirements; Vinyl Record Manufacturer Receives PILOT Approval

August 18, 2021 | News

Memphis is known for its rich musical history, and the beat continues as record-pressing facilities make expansion plans in the city. EDGE also shared its PILOT Portfolio Performance Summary and 2011-2020 Diversity Portfolio with Board members and attendees. Memphis...

Whitehaven Creamery Seeks ICED Loan For Improvement Plans

July 8, 2021 | News

A new creamery will soon call Whitehaven home with help from EDGE’s Economic Development Finance Committee. Kaye’s Pints & Scoops is owned by entrepreneur Kiamesha Wilson. Wilson received a forgivable $15,000 ICED loan for improvements to the business’s 2089...

EDGE Approved $100K Grant To Greater Whitehaven Economic Development Corporation

June 17, 2021 | News

EDGE’s Board of Directors approved a $100,000 grant today for the Greater Whitehaven Economic Development Corporation (GWERC). This grant continues EDGE’s commitment to working with local economic development partners throughout Shelby County to promote economic...

EDGE Approves New Economic Development Loan in Whitehaven

June 2, 2021 | News

EDGE’s Economic Development Finance Committee approved Sumadhi Spa Pro Aesthetics Training Center as the twelfth Whitehaven business to receive an Inner City Economic Development (ICED) loan to assist with interior improvements. Pro Aesthetics Training Center, founded...

Board Approves 4 Key Projects Including Locally Owned Company in Frayser

May 19, 2021 | News

Memphis, Tenn. (May 19, 2021) – Health and Beauty industry leader, Ampro Industries, LLC. was among 4 key projects that received assistance today from EDGE. Others included helping a local partnership to purchase and restore a highly visible community shopping center...

EDGE and Greater Memphis Chamber Named as Top 25 Economic Development Partnership in the Nation

May 6, 2021 | News

Memphis, TN (May 3, 2021) For the second year in a row, the economic development efforts of EDGE and the Greater Memphis Chamber have been recognized as a one of the nation’s top 25 economic development partnerships receiving the prestigious Mac Conway Award for...