ICED Loans Work to Improve Frayser & South Memphis Retail

September 29, 2017 | News

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

September 29, 2017 | News

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...

EDGE FY2017 Annual Report Released

September 29, 2017 | News

The EDGE FY2017 Annual Report is available for download and review on the EDGE website.

TheMemphisEconomy.com: Can Memphis Survive with Slow Growth?

August 25, 2017 | News

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

August 25, 2017 | News

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

August 25, 2017 | News

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...

EDGE Assists in Redevelopment of Vacant Midtown Corner

July 27, 2017 | News

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...

Thomas & Betts Follows Corporate Headquarters Expansion Trend

July 27, 2017 | News

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...

EDGE ICED Loan Recipient Expands in Frayser

July 27, 2017 | News

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...

EDGE Shares Best Practices with New Orleans Business Alliance

July 27, 2017 | News

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,...