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...
The EDGE Board of Directors approved a transformational redevelopment project in Cordova today. EDGE’s approval of the Legacy at Countrywood TIF Economic Impact Plan will assist bringing $400 million in private capital investment to the Countrywood and Cordova...
In this Issue: Presidents Island Site Makes Way for New Occupant Venture South Productions Readies for Grand Opening Shelby County Earns ThreeStar Award Meet the Economic Development Finance Committee Click to read
The EDGE Board approved the selection of a demolition company that will raze a building on a sizeable tract of land at the Port of Memphis. Today’s approval makes way for the Port to begin readying the site for an industrial occupant. The 42-acre site is located at...
In this Issue: Community Builder PILOT Approved for Northside High Revitalization ICED Loan Approvals Meet the EDGE Board Welcome Our New Port Operations Manager Click to read
The EDGE Board and Economic Development Finance Committee convened today to approve three new projects. The EDGE Board approved one PILOT, while the Committee approved Inner City Economic Development Loans for two businesses. Exciting plans are in the works for the...
Memphis, TN (January 19, 2022) – MHR Fund Management LLC was approved for a 15-year Jobs PILOT encouraging the company to invest $112,500,000 in a shipping container and chassis production facility. The project will create 400 net new jobs with an average wage of more...
Three-hundred new jobs are potentially headed to Memphis after two PILOT approvals at today’s EDGE Board Meeting. Medtronic Logistics LLC and CEVA Logistics U.S., Inc. were approved for a 15-year Jobs PILOT to expand their local operations to a new 1 million...
The EDGE Board had a packed agenda today as it approved various projects in Memphis and Shelby County. K.T.G. (USA) Inc. is a Delaware-based company that received approval for a six-year Jobs PILOT. It will invest almost $21.8 million in the project, retain 505...
The session underscored the importance of collaboration between government, business leaders, and community organizations in promoting economic growth.
