During Q3 FY 2020, approved projects committed to:
- 196 jobs at an average salary of more than $55,000
- $334 million in capital investment in Memphis and Shelby County
- $35 million (projected) in additional tax dollars for the area
- $40 million in spending with minority and women-owned businesses
The story for Q3 2020 focused on local expansion by established companies, as well as revitalization in our inner city neighborhoods through a PILOT and Inner City Economic Development (ICED) Loans. ICED Loan recipients continue to invest in their communities, removing blight and inspiring more growth and development along the way.