news - Economic Development Growth Engine

Advanced Manufacturers Select Memphis to Expand Local Workforce

June 21, 2023 | News

At the June EDGE Board meeting, the 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. Al Bright,...

MSS Steel Tubes USA Celebrates First U.S. Based Facility with Ribbon Cutting

May 18, 2023 | News

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. Massey was...

EDGE PILOTs for Richardson Oilseed and Link on Broad Expansion Drive Economic Growth in Memphis

April 19, 2023 | News

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...

Joann Massey Joins EDGE as Vice-President of Operations

April 11, 2023 | News

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...

EDGE Awarded PILOTs Attract International Business

February 15, 2023 | News

MEMPHIS, Tenn. (February 15, 2023) — The EDGE board approved a 10-year PILOT (Payment-In-Lieu-Of-Taxes) for MSS Steel Tubes USA LLC, a subsidiary of the Portuguese Metaloglava group. The $658,000 PILOT will facilitate construction on a new welding and pipe...

TVA and Port of Memphis Clearing Way for Progress

February 6, 2023 | News

On Friday, February 3, 2023, TVA and the Port of Memphis reached an exciting new milestone for the Allen Restoration Project—the implosion of the three 400-foot-tall stacks at the retired Allen Fossil Plant. Removal of the stacks bring TVA and the Port of Memphis one...

EDGE Launches First C-PACER Project

January 23, 2023 | Articles, News

EDGE’s first Commercial Property Assessed Clean Energy and Resiliency (C-PACER) project is a $2.18 million loan for the construction of the future Uptown Studios and Storage to be built on the adjacent lot by the former Schlitz Brewery in the Dixie Greyhound Complex...

Local Minority-Owned Family Business Awarded ICED Loan for Expansion

January 23, 2023 | News

Mickey’s Popcorn is a family-owned and operated gourmet small-batch popcorn company that has outgrown its former rental space for their new larger manufacturing factory. Dr. Penny Mickey and Mr. Kenneth Mickey, owners and co-founders of Mickey’s Popcorn, added a...

EDGE Continues to Spur Growth in Medical Device & Advanced Manufacturing Sectors

January 23, 2023 | News

With its strategic central location, logistics infrastructure, and diverse skilled workforce, Memphis is an ideal location for medical device companies. EDGE’s Payment in Lieu of Tax (PILOT) program is a key factor in encouraging major medical device companies to...

EDGE Economic Development Finance Committee Approves Funding for Three Minority-Owned Businesses

December 21, 2022 | News

MEMPHIS, Tenn. (December 21, 2022)—The EDGE Economic Development Finance Committee approved three projects totaling $60,000 for Inner City Economic Development (ICED) Loans, a program designed to spark revitalization of Memphis inner city neighborhood business...