Create and Retain
EDGE provides and coordinates public resources to drive economic development in Greater Memphis and Shelby County
Create and Retain
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EDGE’s mission is to provide and coordinate public resources to drive economic development in Memphis and Shelby County. EDGE does this through ongoing economic activities and projects that provide real value to the community and provide a strong foundation for future economic growth.
A PILOT is a temporary, partial, abatement of future real and/or personal property taxes than an applicant would have otherwise paid on a new investment
TIF districts are special taxing areas designed to charge redevelopment of a specific land area.
In Memphis and Shelby County, small-issue industrial revenue bonds (IRB) also known as industrial development bonds (IDB), can be used for manufacturing purposes.
Foreign Trade Zones are designed sites licensed by the Foreign Trade Zones (FTZ) Board where special Customs procedures may be utilized.
The EDGE Economic Gardening Program provides small businesses access to a regional network of highly skilled research specialists who provide an estimated 36 hours of consulting services aimed at helping growing companie make better decisions to meet growth challenges.
The Inner City Economic Development (ICED) program is intended to spark the revitalization of Memphis inner-city neighborhood business districts through small forgivable loans to assist in facade and building improvements.
The Memphis Economy is a partnership between the Economic Development Growth Engine for Memphis and Shelby County,EDGE, and the Sparks Bureau of Business and Economic Research at the University of Memphis. This partnership focuses on providing economic data, news, and analysis for the Memphis and Shelby County Region.
Binghampton Development Corporation (BDC) was awarded a 15-year Community Builder PILOT to enable the organization to construct a 48,565 SF grocery-anchored commercial center located at the Southeast corner of Sam Cooper Boulevard and Tillman Street.
Champion’s Pharmacy & Herb Store, a family-owned business in South Memphis, was approved for a $20,000 Inner City Economic Development (ICED) Loan.
IKEA is a privately-held Swedish home furnishings company founded in 1943 with more than 360 stores in 46 countries. In 2013, IKEA had over 716 million store visitors.
Parkside at Shelby Farms Park was approved for a 20-year EDGE TIF. The project is one of the largest private development projects in the City and County and will generate substantial tax revenues while helping stem outmigration of population to other areas.