Are Tax Incentives Necessary to Lure Jobs to Tennessee?

June 29, 2018 | News

On Monday, June 11 at the 2018 Tennessee Municipal League Annual Conference, EDGE Senior Economic Development Specialist, John Lawrence served on a panel discussing the necessity of tax incentives, particularly Tax Increment Financing and Payment In Lieu of Tax...

Mimeo.com Awarded PILOT to Relocate Operations to Memphis

May 29, 2018 | News

With help from EDGE, Mimeo.com is bringing 171 new jobs to Memphis – which includes relocating its headquarters from New York City. Mimeo will also relocate a production facility from Newark, NJ, and add sales positions while retaining its existing Memphis location...

Moore Tech to Open Auto Technician Training School

May 29, 2018 | News

When the William R. Moore College of Technology (Moore Tech) and the Greater Memphis Automobile Dealers Association needed help to launch a new school to train auto technicians, they turned to EDGE. The project involves redeveloping a vacant and blighted former car...

EDGE PILOT Recipients Outperform Minority Spending Requirements

May 29, 2018 | News

EDGE/IDB PILOT recipients spent $240 million with minority/women/small local firms from 2012-2016, exceeding their commitments by more than $10 million. A new report covers the activity of 62 firms with active PILOTs approved by either the Industrial Development Board...

The Memphis Economy: Post-Recession Recovery

May 29, 2018 | News

Data shows that the local economy continues to recover, after the devastating 2006-2010 Recession when 1 out of every 11 private-sector jobs in Shelby County was lost. TheMemphisEconomy.com, a collaboration between EDGE and the Sparks Bureau of Business & Economic...

The Northwest Company Expands to Memphis

April 27, 2018 | News

The Northwest Company, LLC was awarded a ten-year EDGE Fast Track Payment-In-Lieu-of-Tax (PILOT). The project will bring 25 new jobs to Memphis with an average base salary of $34,250 excluding benefits and invest $5.7 million in the facility located at 4755 Southpoint...

Cafe-Workspace to Open in South Memphis

April 27, 2018 | News

Ayele Akibulan, dba Kemet Nu Enterprises, was awarded a $15,000 Inner City Economic Development (ICED) Loan to help improve the exterior appearance, replace the roof, and install an HVAC system at 988/990 Mississippi Boulevard. Total project costs are $90,000 and...

Employer Resource Networks: Transforming Companies One Employee at a Time

April 27, 2018 | News

In cooperation with GMACWorkforce and HopeWorks, nine area businesses joined together to participate in the Mid-South Employer Resource Network (MSERN) initiative. The employer-based model joins an association of small- to mid-size businesses to provide job retention...

MMBC Economic Development Forum (June 19-21)

April 27, 2018 | News

The Midsouth Minority Business Continuum convenes one of the largest economic development conferences in the Midsouth. Annually, the MMBC Economic Development Forum connects Fortune 500 CEOs and senior executives, diverse suppliers, corporate purchasing managers,...

Medical Device Manufacturer Invests in Memphis

April 2, 2018 | News

While Memphis is knowns for its strengths in distribution and logistics, for the past twenty years Shelby County has emerged as the second largest county in the U.S. for medical device manufacturing. And since 1999, the Memphis medical device manufacturing industry...