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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.

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