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Advanced Manufacturers Select Memphis to Expand Local Workforce
The EDGE Board approved two Payments-in-Lieu-of-Taxes (PILOT) for PMC Biogenix, Inc. and DMN Westinghouse at today’s meeting. Staff expects approximately $6.2 million in local tax revenues to be received from the combined PILOTs.
MSS Steel Tubes USA Celebrates First U.S. Based Facility with Ribbon Cutting
Joann Massey, Vice President of Operations at EDGE, welcomed economic development stakeholders and executives at a ribbon cutting event to celebrate MSS Steel’s $6.8 million investment in southeast Memphis, launching the company’s first U.S. facility.
EDGE PILOTs for Richardson Oilseed and Link on Broad Expansion Drive Economic Growth in Memphis
Two Memphis businesses are expanding, attracting major development in the city. The EDGE Board approved a $220 million PILOT (Payment-in-Lieu-of-Taxes) for Richardson Oilseed to improve and enlarge its 1351 Williams Ave facility. This 15-year Expansion PILOT will retain 105 jobs with an average salary of $76,000.
Request for Proposals
EDGE Media Contact:
Beth Wilson
beth@wilsonpublicrelations.com
Upcoming EDGE Meetings
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