International Port of Memphis Lands $1.7 M for Major Rail Project

January 25, 2019 | News

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 Releases Second Quarter Report

January 25, 2019 | News

EDGE released the FY2019 second quarter performance report.

EDGE Projects Capitalize on Memphis Location

December 21, 2018 | News

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...

S2F Performance Lab Aims to Eliminate Blight

December 5, 2018 | News

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...

EDGE Named 2018 Distinguished Development Finance Local Agency by CDFA

October 25, 2018 | News

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...

EDGE PILOT Recipients Outperform Minority Spending Requirements

October 25, 2018 | News

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...

Port Master Plan Navigates the Future of Memphis Economy

October 25, 2018 | News

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...

Parkside Ushers in Largest Single, Private, For-Profit Project in Memphis & Shelby County

October 25, 2018 | News

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...

EDGE Approves Taxing Area Sought by Poplar Corridor Business District Owners’ Association

July 30, 2018 | News

The Poplar Corridor Business District is a 400+ parcel area located along Poplar Avenue in the City of Memphis, from immediately west of Interstate 240, east to the City line.  The district is home to many of the most recognized corporate leaders in the Greater...

EDGE Helps City Address Sewer Capacity Concerns

July 30, 2018 | News

Working with the City of Memphis, the EDGE Board of Directors created a new program to help real estate developers offset the added cost of installing offline sewer storage and pumping facilities in areas with inadequate sewer capacity during normal business hours. In...