EDGE Board of Directors approved its first Residential Payment-In-Lieu-of-Tax (PILOT) project for a 108-unit multi-family development located at the intersection of Madison and McLean in Midtown Memphis. The intent of the Residential PILOT Program is to spark...
With assistance from EDGE through the Payment In Lieu of Tax (PILOT) program, Thomas & Betts, a member of the ABB Group, was awarded a fifteen-year Expansion PILOT that will enable the company to consolidate its corporate research and development operations from...
Past EDGE Inner City Economic Development (ICED) Loan recipient, Mr. Jamal Arnold of On the Spot Cuts & Styles, announced he is preparing to expand his business and open a barber school in Frayser in mid-August 2017. In May 2016, Mr. Arnold was awarded a $25,000...
Mr. Reid Dulberger, EDGE President, was invited to speak at the Raising Awareness: Urban Innovations for Equity Symposium sponsored by New Orleans Business Alliance (NOLABA) on July 20th. Attended by New Orleans-area business stakeholders and government officials,...
As of June 29 according to the Tennessee Department of Labor and Workforce Development, there are an estimated 16,396 open and available jobs in the Memphis Metro area. There are dozens of online job postings and job boards littering the Internet. Yet, 22,999...
For the first time in four decades, a strategic plan will be developed to outline a new direction for Memphis and guide the City into its third century. The Memphis 3.0 plan is intended to create a City of great neighborhoods and maximize the City’s ability to...
The EDGE Finance Committee approved a $20,000 Inner City Economic Development (ICED) Loan that will assist HopeWorks with a complete restoration of their main offices. Situated along Summer Avenue in a 13,000-square-foot former bank building, HopeWorks is a...
With assistance from EDGE, a new grocery and retail shopping center will help lead the redevelopment of a nearly 20-acre parcel located in a blighted area of Frayser. With plans to construct a 97,300-square foot grocery-anchored shopping center at 2571 North...
The Economic Development Growth Engine (EDGE) Board of Directors approved a twelve-year Payment-In-Lieu-of-Tax (PILOT) project for NouriTech, Inc. located on Presidents Island. For the terms of the PILOT, NouriTech, Inc., will invest a total of $120 million in capital...
The Economic Development Growth Engine (EDGE) Board of Directors approved a 15-year Community Builder Payment-In-Lieu-of-Tax (PILOT) project for Neighborhood Docs. Neighborhood Docs plans to provide state-of-the-art healthcare services to the surrounding...
