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.

EDGE has announced an addition to the leadership team of Joann Massey as the Vice-President of Operations.

Joann Massey has had proven outcome-based success in both the public and private sector including economic, workforce and community development, financial services, real estate and diversity, equity and inclusion (DEI) work.

EDGE PILOT program encourages two international companies to choose Memphis.