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Governor’s Award for Excellence Received

Shelby County was awarded the Tennessee ThreeStar Award, and the Governor’s Award for Performance, Accountability, and Efficiency.  Participation in the three-star program is based on an annual evaluation and activity plan.   Administered by the Tennessee Department...

EDGE Works to Bring New Multifamily Development to Midtown

The project located at 1544 Madison Avenue was awarded a 15-year Residential Payment In Lieu of Tax (PILOT) that will enable the developers to build a new $24 million class-A multifamily living facility in Midtown that will help increase population density in a...

Amazon Brings 600 Jobs to Southeast Memphis

Amazon.com.dedc, LLC was awarded a 15-year Jobs Payment In Lieu of Tax (PILOT) that will encourage the company to create 600 new jobs for a state-of-the-art “receive center” to support Amazon’s North American fulfillment network. The $62.9 million investment will be...

Shoulder Dog Returns to New Chicago Neighborhood

Construction is almost complete at Three Sisters Deli (1392 Kney) located in the New Chicago neighborhood.  Approved by the EDGE Finance Committee in November 2016, Three Sisters Deli is a family-run business that will offer hot, ready-to-eat sandwiches and salads.  ...

Balancing tax breaks with competition for jobs

EDGE Board Chair, Mr. Al Bright was featured as a Guest Columnist in The Commercial Appeal, Thursday, September 21 regarding PILOT effectiveness.   The public has a lot of questions about the Economic Development Growth Engine (EDGE) and its Payment In Lieu of Tax...

ICED Loans Work to Improve Frayser & South Memphis Retail

EDGE Finance Committee approved two projects for the Inner City Economic Development (ICED) Loan Program, Stylist Salon (3240 N. Watkins) in Frayser and Soulsville Market (745 East McLemore) in South Memphis. The ICED Loan Program’s purpose is to spark the...

Canadian Firm Expands to Memphis Generating Job Growth

AVT Beckett Elevators, Inc. was awarded a ten-year EDGE Fast Track Payment In Lieu of Tax (PILOT). The project will bring 25 new jobs to Memphis with an average salary of $35,992 excluding benefits and $3.5 million worth of capital investment to the facility located...