EDGE Releases FY2020 Annual Report

October 5, 2020 | News

FY2020 will forever be defined by the COVID-19 pandemic, which occurred in the third and fourth quarters. EDGE created the Neighborhood Emergency Economic Development (NEED) Grant to provide relief to small neighborhood-serving businesses located in Memphis’ most...

Training, a Better Life Fall Into Place for MOVEHIRE Participant

September 23, 2020 | News

It’s not often that everything seems to fall into place, but when Janice Peete decided to enroll in training to get certified as a machinist, that is exactly what happened. Machinists operate heavy machinery to produce parts and tools from metal, plastic, or other...

Join the U.S. Department of Commerce for Discover Global Markets: Growth Opportunities in Intelligent Manufacturing

September 15, 2020 | News

US Department Of Commerce Discover Global Markets Forum Will Help Firms Win New Business In The International Marketplace  The US Department of Commerce’s Discover Global Markets forum helps companies identify emerging opportunities in foreign markets, obtain the...

EDGE NEED Grant Supports Neighborhoods Throughout Memphis Amid Pandemic

September 11, 2020 | News

Memphis, Tenn. (September 11, 2020) – If there is one thing Ice Cream Shops can depend on, it’s that the summer months will bring a steady stream of business. But in the age of COVID-19, nothing is for sure anymore. “Since we opened back up, our sales at the Crosstown...

Moore Tech Automotive Improves Blight and Grows Workforce in Memphis

September 1, 2020 | News

This story was completed just before the COVID-19 pandemic hit. Jordan Williams has always had a knack for repairing cars and motorcycles. She said it probably all goes back to when she was little, spending time with her dad under the hood of various cars and watching...

New Whitehaven Salon Helps to Further Neighborhood’s Revitalization

August 28, 2020 | News

A local entrepreneur is bringing a new salon to a Whitehaven neighborhood, helping to further its revitalization. EDGE awarded James Cook a $16,000 ICED Loan to renovate the existing space and open Nubian Design at 1237 Marlin Road, just steps from other ICED Loan...

EDGE NEED Grant Helps to Keep Doors Open for One-of-a-Kind Restaurant in Crosstown Concourse

August 28, 2020 | News

Memphis, Tenn. (August 28, 2020) – It was started in 2018 to help immigrant and refugee food entrepreneurs set up a food business with no upfront costs. Today, Global Café has become a popular spot for Memphis foodies. But just like so many other restaurants across...

Tennessee Business Relief Program

August 28, 2020 | News

The Tennessee Business Relief Program was initiated by Governor Bill Lee and the Financial Stimulus Accountability Group. It was created to provide relief payments to businesses that had to temporarily close or suffered a substantial reduction in taxable sales due to...

COVID-19’s Impact on the Evolution of Online Sales: U.S. Chamber Reports Online Exceeding Pre-Pandemic Levels

August 21, 2020 | News

Via TN Chamber – Online sales exceeded their pre-pandemic high in July. As part of tracking retail sales’ recovery, it continues to be interesting to examine how the COVID-19 shock has affected the evolution of online sales. In July, in-store retail sales...

EDGE Assists Projects Set to Create 300 Jobs in Logistics and Transportation; Bring More Residential Living to U of M Area

August 19, 2020 | News

Memphis, Tenn. (August 19, 2020) – Five projects approved today by EDGE would see three companies expanding in or relocating to Memphis, creating nearly 300 jobs and $161 million in investment for this area; and more investment and opportunities for population growth...