Created in 2011 through a joint resolution of the Memphis City Council and the Shelby County Commission, EDGE is the economic development agency for the City of Memphis and Shelby County Government. EDGE provides and coordinates public resources to drive economic development in Memphis and Shelby County. EDGE leverages the benefits of economic development incentive programs to foster public/private partnerships that create jobs, grow the economy, revitalize neighborhoods, attract investments, spark innovation, and encourage entrepreneurship.
EDGE manages the following entities:
Depot Redevelopment Corporation of Memphis & Shelby County
The Depot Redevelopment Corporation of Memphis and Shelby County was created in 1997 to acquire and redevelop the former Memphis Defense Depot with approximately 4.25 million square feet of space. In August 2011, the old DRC Board sold virtually all the Memphis Depot Business Park to private investors. In January 2012, EDGE took over the DRC, addressed final issues from the August 2011 sale, and sent the net proceeds -- $10.4 million each – to the City and County. In January 2021 EDGE sold the last DRC property at the Depot.
Foreign Trade Zone 77
EDGE is the Zone Administrator for the Foreign-Trade Zone (FTZ) Number 77 that includes all of Shelby County.
Greater Memphis Alliance for a Competitive Workforce (GMACWorkforce)
The Greater Memphis Alliance for a Competitive Workforce was created in 2015 out of the Memphis and Shelby County Regional Economic Development Plan and the Greater Memphis Chamber's Chairman's Circle, in collaboration with the Brookings Institution Policy Program. Managed by EDGE, GMACWorkforce is a strategic consortium of educational institutions, workforce and community agencies, economic development entities, and employers working together to help solve Greater Memphis' skills gap.
Industrial Development Board of Memphis & Shelby County
The Industrial Development Board of the City of Memphis and County of Shelby, TN (IDB) was chartered in 1977. The IDB granted Payment-In-Lieu-Of-Tax (PILOT) tax incentives and issued tax-exempt Industrial Development (a/k/a Revenue) Bonds for projects in the City of Memphis and unincorporated Shelby County, as well as providing other economic development-related services, until succeeded by EDGE in late 2011.
Memphis and Shelby County Port Commission
The Memphis and Shelby County Port Commission was created in 1947 to manage the International Port of Memphis. The Port of Memphis is the second largest port on the shallow draft of the Mississippi River and the fifth largest overall in the U.S., based on tonnage. The port also manages the 960-acre Presidents Island Industrial District that is home to 135 firms, including Nucor Steel, Electrolux Home Products and Canadian National Railway’s intermodal facility and the 2,300-acre Frank C. Pidgeon Industrial Park.