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EDGE Awarded PILOTs Attract International Business

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

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

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

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...

Finance Committee Member Phil Stevenson Recognized

EDGE honored Economic Development Finance Committee founding member Phil Stevenson at its September meeting. Mr. Stevenson was appointed to the committee board by Al Bright on May 15, 2013, and faithfully served his community throughout his tenure. He currently serves...

Summer Avenue Plans for Neighborhood Revitalization

The Heights General Partnership, lead by Drew Joyner, Octavious Nickson, and Chris Hendrix was approved for a $75,000 ICED loan for three contiguous parcels at 3393 Summer, 3437 Summer, and 610 National. Total project costs are approximately $1.8 million, excluding...

C-PACER Program Leverages Private Funding for Public Good

A sustainability landmark in Memphis was approved at the EDGE September board meeting with the inaugural C-PACER program for Tennessee. Memphis will be the first city in the state to adopt these resiliency measurements for economic growth and will serve as a blueprint...