Via TN Chamber – Online sales exceeded their pre-pandemic high in July. As part of tracking retail sales’ recovery, it continues to be interesting to examine how the COVID-19 shock has affected the evolution of online sales. In July, in-store retail sales...
Memphis, Tenn. (August 19, 2020) – Five projects approved today by EDGE would see three companies expanding in or relocating to Memphis, creating nearly 300 jobs and $161 million in investment for this area; and more investment and opportunities for population growth...
Find more about the TN Business Relief Program here. Nashville, Tenn. – Tennessee Governor Bill Lee and the Financial Stimulus Accountability Group announced new and expanded financial relief programs for small businesses, agribusinesses, displaced workers, and the...
On an episode of the Economic Development Podcast by Blueprint Creative, EDGE President and CEO, Reid Dulberger discusses how COVID’s impact to the supply chain is driving the growth of the logistics and distribution sector in Memphis. Dulberger also shares how...
Memphis, Tenn. (August 7, 2020) – One question that is repeatedly asked these days – how safe is it to go to the gym? And as COVID-19 continues to spread, gym owners are finding it hard to stay afloat. “COVID-19 forced my business to close and since then, the business...
An abandoned and blighted retail strip in the Vollintine-Evergreen neighborhood may soon have a new life. The 75-year-old building has sat vacant and vandalized for years. Today, the Finance Committee awarded a $25,000 Inner City Economic Development Loan to Timothy...
During Q4 FY2020, approved projects committed to: 135 jobs at an average salary of more than $37,000 $49 million in capital investment $8 million in projected tax revenue $6 million in spending with minority and women-owned businesses The story for Q4 2020 was...
EDGE has approved more projects since May 2020, than in all of 2017, 2018 and 2019 combined. With 103 NEED Grants, seven PILOTs and two Inner City Economic Development Loans, 2020 has been the busiest year on record for EDGE.
103 Companies Find Relief Through NEED Grants; How Does Memphis Stack Up Against Other Large Metros During COVID-19?; REA Sees Momentum Amid Pandemic Read the Newsletter
Via Brookings.edu. The impacts of the COVID-19 recession and the road to recovery can differ greatly across local economies. Brookings’ Metro Recovery Index presents data across a variety of indicators to provide a picture of the impact of the crisis and the...
