Across the next decade, it is estimated that nearly 3.5 million U.S. manufacturing jobs will be needed with 2 million of those jobs expected to go unfilled due to manufacturers’ inability to find talent with the required skills, according to the Fabricators &...
With 18 PILOT project approvals, nine Inner City Economic Development Loans, three bond issues, and nearly $683 million of projected capital investment, 2017 was an outstanding year for EDGE. In 2017, with a record number of PILOT approvals, EDGE encouraged more than...
EDGE staff welcomed Ms. Tracy Buckley as the organization’s Manager of Economic Development Programs. Ms. Buckley will manage project compliance and the back office responsibilities associated with EDGE’s PILOT, TIF, and ICED Loan programs. Ms. Buckley also...
The signing into law of H.R. 1, known as the Tax Cuts and Jobs Act, not only made widespread changes to the Internal Revenue Code but also affected community development tax credits in the process. Michael Novagradac, CPA explores the impact in his insightful article...
When Nashville recording engineer Mr. Scott McEwen was seeking a home for his new recording studio, Memphis Magnetic Recording Co., a building in the heart of Memphis, a few blocks south of Beale Street, was a natural fit. Â Mr. McEwen was approved for a $20,000 EDGE...
The EDGE Board of Directors approved a $327,500 contract for a comprehensive master plan study for the Port of Memphis. The study will include Presidents Island, the Frank C. Pidgeon Industrial area, and the McKellar Lake Harbor. A team led by the Pickering Firm...
In partnership with Community LIFT, a local community development intermediary, and River City Capital, its local Community Development Financial Institution, EDGE applied to the Kresge Foundation for a capital allocation through the Social Investment – Arts &...
On Wednesday, October 25, led by the Greater Memphis Alliance for a Competitive Workforce (GMACWorkforce) and the Greater Memphis Chamber, more than 25 private companies met with representatives from Shelby County Schools and several municipal school districts to...
Shelby County was awarded the Tennessee ThreeStar Award, and the Governor’s Award for Performance, Accountability, and Efficiency. Participation in the three-star program is based on an annual evaluation and activity plan.  Administered by the Tennessee Department...
The project located at 1544 Madison Avenue was awarded a 15-year Residential Payment In Lieu of Tax (PILOT) that will enable the developers to build a new $24 million class-A multifamily living facility in Midtown that will help increase population density in a...
