Gwendolyn Louise Smith, dba Lula’s Frozen Treats, was awarded an $18,000 Inner City Economic Development (ICED) Loan to help remodel the interior, add a patio, and install ADA-compatible restrooms at 1750 Frayser Boulevard. Total project costs are estimated to be...
After previous approval by the EDGE Board in April 2017 for a JOBS PILOT, Ebrofrost North America, Inc.’s PILOT agreement was amended to include an increase of Net New Jobs with a higher annual salary component, an increase in occupied building percentage, and an...
Across the next decade, it is estimated that nearly 3.5 million U.S. manufacturing jobs will be needed with 2 million of those jobs expected to go unfilled due to manufacturers’ inability to find talent with the required skills, according to the Fabricators &...
The U.S. Small Business Administration (SBA) launched recruitment for its 2018 Emerging Leaders executive-level training initiative. The SBA Emerging Leaders Initiative is a federal training initiative that specifically focuses on executives of businesses poised for...
With 18 PILOT project approvals, nine Inner City Economic Development Loans, three bond issues, and nearly $683 million of projected capital investment, 2017 was an outstanding year for EDGE. In 2017, with a record number of PILOT approvals, EDGE encouraged more than...
EDGE staff welcomed Ms. Tracy Buckley as the organization’s Manager of Economic Development Programs. Ms. Buckley will manage project compliance and the back office responsibilities associated with EDGE’s PILOT, TIF, and ICED Loan programs. Ms. Buckley also...
The signing into law of H.R. 1, known as the Tax Cuts and Jobs Act, not only made widespread changes to the Internal Revenue Code but also affected community development tax credits in the process. Michael Novagradac, CPA explores the impact in his insightful article...
When Nashville recording engineer Mr. Scott McEwen was seeking a home for his new recording studio, Memphis Magnetic Recording Co., a building in the heart of Memphis, a few blocks south of Beale Street, was a natural fit. Mr. McEwen was approved for a $20,000 EDGE...
The EDGE Board of Directors approved a $327,500 contract for a comprehensive master plan study for the Port of Memphis. The study will include Presidents Island, the Frank C. Pidgeon Industrial area, and the McKellar Lake Harbor. A team led by the Pickering Firm...
In partnership with Community LIFT, a local community development intermediary, and River City Capital, its local Community Development Financial Institution, EDGE applied to the Kresge Foundation for a capital allocation through the Social Investment – Arts &...
The session underscored the importance of collaboration between government, business leaders, and community organizations in promoting economic growth.
