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Amazon Brings 600 Jobs to Southeast Memphis

Amazon.com.dedc, LLC was awarded a 15-year Jobs Payment In Lieu of Tax (PILOT) that will encourage the company to create 600 new jobs for a state-of-the-art “receive center” to support Amazon’s North American fulfillment network. The $62.9 million investment will be...

Shoulder Dog Returns to New Chicago Neighborhood

Construction is almost complete at Three Sisters Deli (1392 Kney) located in the New Chicago neighborhood.  Approved by the EDGE Finance Committee in November 2016, Three Sisters Deli is a family-run business that will offer hot, ready-to-eat sandwiches and salads.  ...

Balancing tax breaks with competition for jobs

EDGE Board Chair, Mr. Al Bright was featured as a Guest Columnist in The Commercial Appeal, Thursday, September 21 regarding PILOT effectiveness.   The public has a lot of questions about the Economic Development Growth Engine (EDGE) and its Payment In Lieu of Tax...

ICED Loans Work to Improve Frayser & South Memphis Retail

EDGE Finance Committee approved two projects for the Inner City Economic Development (ICED) Loan Program, Stylist Salon (3240 N. Watkins) in Frayser and Soulsville Market (745 East McLemore) in South Memphis. The ICED Loan Program’s purpose is to spark the...

Canadian Firm Expands to Memphis Generating Job Growth

AVT Beckett Elevators, Inc. 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 salary of $35,992 excluding benefits and $3.5 million worth of capital investment to the facility located...

TheMemphisEconomy.com: Can Memphis Survive with Slow Growth?

Demographic growth is a key source of the workforce and a major driver for the local economy. The demand for public services reflects the size and composition of the local population. In general, slow steady growth communities like Memphis are stable and manageable....

EDGE Launches Impact Loan

In partnership with Grow America Fund (a Community Development Financial Institution licensed under the U.S. SBA Preferred Lenders Program), the EDGE Impact Fund will make SBA-guaranteed loans of $150,000 or more to small businesses throughout Shelby County.  The...

Dr. Florence Jones appointed to the EDGE Board of Directors

Dr. Florence Jones was approved by both the Memphis City Council and the Shelby County Commission, having been nominated by Mayor Strickland, to serve on the EDGE Board of Directors.  Dr. Jones is the CEO of Methodist North Hospital.  Dr. Jones’ 41-year career in...