Tennessee Business Relief Program

August 28, 2020 | News

The Tennessee Business Relief Program was initiated by Governor Bill Lee and the Financial Stimulus Accountability Group. It was created to provide relief payments to businesses that had to temporarily close or suffered a substantial reduction in taxable sales due to...

EDGE PILOT Recipients Continue to Outperform Spending Commitments with Minority and Women Owned Businesses

August 25, 2020 | News

From 2011-2019, EDGE PILOT recipients spent $426 million with minority/women/small local firms, exceeding their commitments by more than $110 million. A new report looks at the local spending activity of active PILOT recipients between 2011-2019. Those PILOTs were...

COVID-19’s Impact on the Evolution of Online Sales: U.S. Chamber Reports Online Exceeding Pre-Pandemic Levels

August 21, 2020 | News

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...

EDGE Assists Projects Set to Create 300 Jobs in Logistics and Transportation; Bring More Residential Living to U of M Area

August 19, 2020 | News

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...

Gov. Lee Announces Expanded Small Business Relief; New Relief Programs for Agriculture, Tourism, and Workforce Development

August 14, 2020 | News

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...

For National Podcast, EDGE President, Reid Dulberger Discusses COVID-19’s Impact and How Memphis is Responding

August 12, 2020 | News

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...

EDGE NEED Grant Provides Lifeline for Gym That, After Reopening, Struggles With the Effects of COVID-19

August 7, 2020 | News

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...

Removing Blight in Vollintine-Evergreen Through ICED Loan

August 7, 2020 | News

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...

Edge Fourth Quarter FY2020 Report Released

August 6, 2020 | News

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...

2020 Busiest Year on Record for EDGE

August 4, 2020 | News

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.