The International Port of Memphis was awarded a $1.7 million Competitive Rail Connectivity Grant from the Tennessee Department of Transportation. The grant will help expand rail service on Presidents Island at the 58-acre public terminal facility. The project will...
EDGE: Economic Development Growth Engine Board of Directors awarded two Payment In Lieu of Tax programs to an agricultural technology company, Indigo, and transportation and logistics company, Power Transport. EDGE Board of Directors awarded a 15-year personal...
EDGE Finance Committee unanimously approved a $22,000 Inner City Economic Development (ICED) Loan for S2F Performance Lab, a health and fitness program specializing in class-based training for amateur endurance athletes. ICED Loan Program’s purpose is to spark the...
For the fourth consecutive year, EDGE/IDB PILOT recipients outperformed the anticipated minority/women/locally owned small business spend. PILOT recipients spent nearly $286 million with minority/women/locally owned small firms from 2012-2017, exceeding their...
Presented at a joint meeting of the Memphis & Shelby County Port Commission and EDGE, a new master plan for the Port of Memphis calls for infrastructure upgrades to Presidents Island and a short, middle, and long-range plan to help maximize the impact of 2,300...
Developed by a team of Memphis-based investors, the Parkside at Shelby Farms Park project was approved for a 20-year TIF. The project is one of the largest private development projects in the City and County in recent decades and will generate substantial tax...
The Council of Development Finance Agencies (CDFA) awarded EDGE the 2018 Distinguished Development Finance Local Agency Award. EDGE was recognized for tackling particularly complex and challenging financing concerns and the innovation of financing tools. The award...
South Memphis residents will soon have another grocery store option from which to choose. Cash Saver, operated by Memphis-based Castle Retail Group, is set to open its fifth grocery location at Southgate Center in South Memphis by late August 2018. The full-service...
JNJ Logistics LLC was awarded a 15-year Expansion PILOT to encourage the company to invest $20.5 million at 5000 and 5050 American Way for a new corporate headquarters to accommodate their growing business. Through the terms of the PILOT, the company will retain 290...
