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...
South Memphis residents will soon have another grocery store option from which to choose. Cash Saver, operated by Memphis-based Castle Retail Group, is set to open its fifth grocery location at Southgate Center in South Memphis by late August 2018. The full-service...
JNJ Logistics LLC was awarded a 15-year Expansion PILOT to encourage the company to invest $20.5 million at 5000 and 5050 American Way for a new corporate headquarters to accommodate their growing business. Through the terms of the PILOT, the company will retain 290...
The Poplar Corridor Business District is a 400+ parcel area located along Poplar Avenue in the City of Memphis, from immediately west of Interstate 240, east to the City line. The district is home to many of the most recognized corporate leaders in the Greater...
Working with the City of Memphis, the EDGE Board of Directors created a new program to help real estate developers offset the added cost of installing offline sewer storage and pumping facilities in areas with inadequate sewer capacity during normal business hours. In...
The EDGE Board of Directors approved five projects for economic development incentives at the June EDGE board meeting. The five projects are: Broad Avenue Tower Mixed Used Development Residential Payment in Lieu of Tax (PILOT), Thrive at The Park Residential PILOT,...
On Monday, June 11 at the 2018 Tennessee Municipal League Annual Conference, EDGE Senior Economic Development Specialist, John Lawrence served on a panel discussing the necessity of tax incentives, particularly Tax Increment Financing and Payment In Lieu of Tax...
In an effort to sharpen international trade relations between Memphis and China, EDGE hosted the Huai’an, China Municipal Government Delegation on May 29. The 15-member delegation was introduced to the economic development programs and initiatives offered by EDGE and...
In December 2014, the EDGE Board of Directors approved a 15-year PILOT for Cummins, Inc. The goal was to retain the company as they outgrew their Memphis facility. Now, in its third year of the EDGE PILOT program, Cummins is thriving and has exceeded its commitment...
With help from EDGE, Mimeo.com is bringing 171 new jobs to Memphis – which includes relocating its headquarters from New York City. Mimeo will also relocate a production facility from Newark, NJ, and add sales positions while retaining its existing Memphis location...
The session underscored the importance of collaboration between government, business leaders, and community organizations in promoting economic growth.
