The newly released Younger Associates Economic Impact report highlights the performance of the EDGE 2019 PILOT Portfolio. The EDGE Payment In Lieu of Tax (PILOT) program projected output and economic impact in Shelby County for 2019 exceeds $11.2M. With 67 active PILOTs, the programs supported 69,817 jobs for over $4.5 billion in wages, significantly surpassing all original projections for the year. Read the full report.
Recent Posts
- Celebrating 10 Years of ICED Loans: Empowering Memphis businesses and communitiesSince its inception in 2014, the program has been instrumental in fostering growth, creating jobs, and revamping inner-city neighborhoods. As we celebrate 10 years of ICED Loans, we reflect on its influence and the stories of success it has cultivated.
- EDGE Approves One PILOT, Three Amendments, Awards $25,000 ICED LoanThe EDGE Board met on July 17 and approved one new PILOT (Payment In Lieu of Taxes) and three PILOT amendments, as well as one forgivable Inner City Economic Development (ICED) Loan built to spark revitalization in distressed neighborhoods.
- SBA deputy administrator highlights federal support for Memphis entrepreneursIn July 2024, U.S. Small Business Administration (SBA) Deputy Administrator Dilawar Syed came to Memphis to explore our vibrant small business ecosystem and raise awareness about federal resources available to local entrepreneurs.