The EDGE Fiscal Year 2020 First and Second Quarter Report has been released.
During Q1 and Q2 FY 2020, approved projects committed to:
- 634 jobs at an average salary of more than $52,000
- $443 million in capital investment in Memphis and Shelby County
- $64.2 million in additional tax dollars for the area
- $35.2 million in spending with minority and women-owned businesses
The story for Q1-Q2 FY2020 centered on a big new investment in our community by Hyosung, the impact of an NBC television series filmed in Memphis and Shelby County, neighborhood revitalization, good-paying job growth through local company expansion, and the potential for significant community reinvestment with a newly created TIF.