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EDGE Newsletter: January 2022

In this issue: Letter from our Chairman January PILOT Approval Port of Memphis and New Madrid County Port Authority Join Forces Click to view  

MHR to Transform Former Nike Site into Production Facility

Memphis, TN (January 19, 2022) – MHR Fund Management LLC was approved for a 15-year Jobs PILOT encouraging the company to invest $112,500,000 in a shipping container and chassis production facility. The project will create 400 net new jobs with an average wage of more...

Medtronic and Performance Food Group Growing in Memphis

Three-hundred new jobs are potentially headed to Memphis after two PILOT approvals at today’s EDGE Board Meeting. Medtronic Logistics LLC and CEVA Logistics U.S., Inc. were approved for a 15-year Jobs PILOT to expand their local operations to a new 1 million...

Four Projects Moving Forward After EDGE Board Approval

The EDGE Board had a packed agenda today as it approved various projects in Memphis and Shelby County. K.T.G. (USA) Inc. is a Delaware-based company that received approval for a six-year Jobs PILOT. It will invest almost $21.8 million in the project, retain 505...

Trio of New Businesses Approved for ICED Loans

A performing arts training center, multi-use space, and entrepreneur business development center were all green-lighted after receiving Inner City Economic Development (ICED) loan approval. Fine arts instructor Venise Settles has launched a non-profit training center...

Dulberger to Depart EDGE in December

The President and CEO of the Economic Development Growth Engine (EDGE) have announced plans to leave the organization. Reid Dulberger began working at EDGE in 2012. He concurrently serves as Chief Economic Development Officer for the City of Memphis and for Shelby...