Parkside Ushers in Largest Single, Private, For-Profit Project in Memphis & Shelby County

October 25, 2018 | News

Developed by a team of Memphis-based investors, the Parkside at Shelby Farms Park project was approved for a 20-year TIF.   The project is one of the largest private development projects in the City and County in recent decades and will generate substantial tax...

Cash Saver Grocery Brings Choice to South Memphis Neighborhood

July 30, 2018 | News

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 Delivers Change to Blighted Parkway Village Retail Area

July 30, 2018 | News

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...

EDGE Approves Taxing Area Sought by Poplar Corridor Business District Owners’ Association

July 30, 2018 | News

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...

EDGE Helps City Address Sewer Capacity Concerns

July 30, 2018 | News

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...

EDGE Board Approves Projects Totaling More than $465 Million in Capital Investment

June 29, 2018 | News

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,...

Are Tax Incentives Necessary to Lure Jobs to Tennessee?

June 29, 2018 | News

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...

Hui’an China Delegation Meets with EDGE

June 29, 2018 | News

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...

Economic Development Spotlight: Cummins, Inc.

June 29, 2018 | News

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...

EDGE PILOT Recipients Outperform Minority Spending Requirements

May 29, 2018 | News

EDGE/IDB PILOT recipients spent $240 million with minority/women/small local firms from 2012-2016, exceeding their commitments by more than $10 million. A new report covers the activity of 62 firms with active PILOTs approved by either the Industrial Development Board...