EDGE Launches First C-PACER Project

January 23, 2023 | Articles, News

EDGE’s first Commercial Property Assessed Clean Energy and Resiliency (C-PACER) project is a $2.18 million loan for the construction of the future Uptown Studios and Storage to be built on the adjacent lot by the former Schlitz Brewery in the Dixie Greyhound Complex...

Local Minority-Owned Family Business Awarded ICED Loan for Expansion

January 23, 2023 | News

Mickey’s Popcorn is a family-owned and operated gourmet small-batch popcorn company that has outgrown its former rental space for their new larger manufacturing factory. Dr. Penny Mickey and Mr. Kenneth Mickey, owners and co-founders of Mickey’s Popcorn, added a...

EDGE Continues to Spur Growth in Medical Device & Advanced Manufacturing Sectors

January 23, 2023 | News

With its strategic central location, logistics infrastructure, and diverse skilled workforce, Memphis is an ideal location for medical device companies. EDGE’s Payment in Lieu of Tax (PILOT) program is a key factor in encouraging major medical device companies to...

EDGE Economic Development Finance Committee Approves Funding for Three Minority-Owned Businesses

December 21, 2022 | News

MEMPHIS, Tenn. (December 21, 2022)—The EDGE Economic Development Finance Committee approved three projects totaling $60,000 for Inner City Economic Development (ICED) Loans, a program designed to spark revitalization of Memphis inner city neighborhood business...

Finance Committee Member Phil Stevenson Recognized

November 21, 2022 | News

EDGE honored Economic Development Finance Committee founding member Phil Stevenson at its September meeting. Mr. Stevenson was appointed to the committee board by Al Bright on May 15, 2013, and faithfully served his community throughout his tenure. He currently serves...

Summer Avenue Plans for Neighborhood Revitalization

November 21, 2022 | News

The Heights General Partnership, lead by Drew Joyner, Octavious Nickson, and Chris Hendrix was approved for a $75,000 ICED loan for three contiguous parcels at 3393 Summer, 3437 Summer, and 610 National. Total project costs are approximately $1.8 million, excluding...

C-PACER Program Leverages Private Funding for Public Good

November 21, 2022 | News

A sustainability landmark in Memphis was approved at the EDGE September board meeting with the inaugural C-PACER program for Tennessee. Memphis will be the first city in the state to adopt these resiliency measurements for economic growth and will serve as a blueprint...

Leading Memphis Employer DHL Supply Chain Receives Jobs PILOT to Invest in Memphis

November 16, 2022 | News

The EDGE Board approved DHL Supply Chain (USA) for a six-year Jobs PILOT for 42 net new jobs with an average wage of $46,411. DHL Supply Chain will invest $4,846,642 for a new third-party-logistics services operation and warehouse in Memphis. Currently, DHL Supply...

EDGE Approves Program to Spur Building Energy Efficiency, Resilience Upgrades

September 21, 2022 | News

The EDGE Board approved the policies and procedures for the C-PACER (Commercial Property Assessed Clean Energy & Resiliency) program at its September meeting. The program incentivizes commercial and apartment buildings in the City of Memphis to become more...

EDGE Board Approves PILOT for Riviana Foods, Inc. Expansion

July 26, 2022 | News

The EDGE Board of Directors met today for its monthly meeting and approved a PILOT for Riviana Foods, Inc. Riviana Foods, Inc. is the largest processor, marketer, and distributor of rice products in the United States. This PILOT will assist the company to continue its...