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.
In March of 2016, EDGE approved a 10-year Jobs PILOT to encourage Hollywood Feed to add 108 new jobs, retain 42 existing jobs and invest more than $10 million in a distribution facility in North Memphis.
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.
Champion’s Pharmacy & Herb Store, a family-owned business in South Memphis, was approved for a $20,000 Inner City Economic Development (ICED) Loan.
North Memphis chemical manufacturing company, Penn A Kem is planning to add 28 new jobs and invest $38,545,000 at its 3324 Chelsea Avenue location with help from EDGE.