Neighborhood Emergency Economic Development (NEED) Grant

The EDGE NEED Grant provides up to $10,000 for businesses located in New Markets Tax Credit Eligible Census Tracks throughout the City of Memphis that have experienced at least a 25% loss in revenue as a result of COVID-19. 

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COVID-19 Business Resources

EDGE is committed to helping those seeking answers, as well as to protecting health in the community. We’ve begun to compile a list of programs and resources to help businesses navigate this evolving landscape.

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Transforming the Shelby County Economy

EDGE is the official economic development agency for the City of Memphis and Shelby County Government. Its vision is for all people in Memphis and Shelby County to have opportunities for economic prosperity.

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Economic Impact

Since 2011

Created and Retained

39,445

Jobs

Received More Than

$6.3 Billion

In Capital Investment

Generated

$1.4 Billion

In Tax Revenue
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Project Locations

Business Assistance Programs

PILOT

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

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TIF

TIF districts are special taxing areas designed to charge redevelopment of a specific land area.

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Iced Loans

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.

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Bonds

In memphis and Shelby County, small-issue industrial revenue bonds (IRB) also known as industrial development bonds (IDB), can be used for manufacturing purposes.

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FTZ

Foreign Trade Zones are designed sites licensed by the Foreign Trade Zones (FTZ) Board where special Customs procedures may be utilized.

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Partnerships

Economic Development Growth Engine

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.

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