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.
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.
ServiceMaster Global Holdings, a leading provider of essential residential and commercial services, announced it would move its global headquarters to downtown Memphis.
Developers of Southgate Center were awarded a 15-year Community Builder PILOT to redevelop a 208,297 square foot full service grocery-anchored shopping center in South Memphis.
On the Spot Cuts & Styles applied for assistance to help with interior renovations and façade improvements, parking lot resurfacing, and retention and hiring of employees.