Created and Retained
38,000
Jobs
Economic Impact
Since 2011
Received More Than
$6.4 Billion
In Capital Investment
Generated
$1.5 Billion
In Tax Revenue
Recent Projects
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.
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
TIF
TIF districts are special taxing areas designed to charge redevelopment of a specific land area.
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.
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.
FTZ
Foreign Trade Zones are designed sites licensed by the Foreign Trade Zones (FTZ) Board where special Customs procedures may be utilized.
Partnerships
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.
News
Events
03
Feb
Wednesday, February 3, 2021: Economic Development Finance Committee Meeting
Read More »
Wednesday, February 3, 2021: Economic Development Finance Committee Meeting
17
Feb
Wednesday, February 17, 2021: EDGE Board Meetings
Read More »
Wednesday, February 17, 2021: EDGE Board Meetings
03
Mar
Wednesday, March 3, 2020: Economic Development Finance Committee Meeting
Read More »
Wednesday, March 3, 2020: Economic Development Finance Committee Meeting
Featured Projects
Cognate BioServices, Inc.
Cognate BioServices, a global biosciences company, would create 561 jobs and more than $200 million in investment for this city, with more possible growth on the horizon.
Pandrol USA
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 Corporation
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.
Trap Fusion
In 2019, Whitehaven resident, Jason Gardner opened Trap Fusion, a restaurant serving healthy southern cuisine. EDGE awarded Gardner a zero-interest loan to fund needed renovations for the space.
Site Map
1115 Riverside Blvd.
Memphis TN 38106-2504
(901) 948-4422
100 Peabody Place | Suite 1100
Memphis, TN 38103
(901) 614-1099
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