Created and Retained
Created and Retained
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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.
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.
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 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.
Pandrol USA will move its North American Headquarters to Memphis, creating 73 jobs and investing more than $9 million. EDGE assisted the company through a 15-year Community Builder PILOT.
Hyosung Heavy Industries purchase of the Mitsubishi Electric Power Products plant would save a number of jobs for workers there. To help make this project reality, EDGE approved an 11-year Jobs PILOT.
In 2019, Whitehaven resident, Jason Gardner opened Trap Fusion, a restaurant serving healthy southern cuisine. EDGE awarded Gardner a $14,500 zero-interest loan to help fund the needed renovations for the space.
Vann Cut opened in 2019, in a small shopping center near Watkins and I-40. The space needed more than $50,000 in renovations. EDGE awarded the business a $20,000 ICED Loan to help complete those renovations.