On Tuesday, February 26, Tennessee Governor Bill Lee joined Memphis Mayor Jim Strickland, Shelby County Mayor Lee Harris, and other local and state dignitaries at the groundbreaking for JNJ Logistics. JNJ Logistics is a transportation provider founded in Memphis in...
The Port of Memphis received more than $1.7 million in grant funding from the State of Tennessee and an additional private local match to expand rail access and opportunities on Presidents Island. The rail project will be part of an overall redevelopment of the...
In January 2019, EDGE worked with representatives from Riviana Foods, Inc. to secure a seven-year Jobs Payment-In-Lieu-of-Tax (PILOT) that will create 43 new jobs with an average salary of $43,000 and assist the company’s expansion in Memphis and Shelby County. If...
With assistance from EDGE through its Payment In Lieu of Tax (PILOT) program, transportation and logistics company, Power Transport plans to revitalize a vacant and underutilized collection of buildings on 8.5 acres near the Memphis International Airport and expand...
The International Port of Memphis was awarded a $1.7 million Competitive Rail Connectivity Grant from the Tennessee Department of Transportation. The grant will help expand rail service on Presidents Island at the 58-acre public terminal facility. The project will...
EDGE: Economic Development Growth Engine Board of Directors awarded two Payment In Lieu of Tax programs to an agricultural technology company, Indigo, and transportation and logistics company, Power Transport. EDGE Board of Directors awarded a 15-year personal...
The Council of Development Finance Agencies (CDFA) awarded EDGE the 2018 Distinguished Development Finance Local Agency Award. EDGE was recognized for tackling particularly complex and challenging financing concerns and the innovation of financing tools. The award...
For the fourth consecutive year, EDGE/IDB PILOT recipients outperformed the anticipated minority/women/locally owned small business spend. PILOT recipients spent nearly $286 million with minority/women/locally owned small firms from 2012-2017, exceeding their...
Presented at a joint meeting of the Memphis & Shelby County Port Commission and EDGE, a new master plan for the Port of Memphis calls for infrastructure upgrades to Presidents Island and a short, middle, and long-range plan to help maximize the impact of 2,300...
The session underscored the importance of collaboration between government, business leaders, and community organizations in promoting economic growth.
