There are 38 article(s) tagged Economic Development Growth Engine:

• June 2019

  • AutoZone secures tax abatement for Downtown expansion

    AutoZone is approved for a tax incentive to expand its Downtown presence into a “campus environment.”

    By Michelle Corbet June 20, 2019

  • AutoZone plans expansion, $145M investment Downtown

    AutoZone seeks a 15-year tax incentive in return for expanding its Downtown Memphis presence with a $145 million investment and addition of 130 jobs.

    By Tom Bailey June 15, 2019

• April 2019

  • Dulberger: IKEA seems ‘committed to making the Memphis store work’

    Despite creating fewer jobs and paying lower salaries than promised, EDGE CEO and president Reid Dulberger says IKEA is committed to its Memphis store. 

    By Michelle Corbet April 17, 2019

• March 2019

  • EDGE holds Graceland TIF public hearing, approves Midtown project

    A public hearing on Graceland expansion drew no public comments, and changes to a tax abatement agreement for Midtown apartments sailed to easy approval Wednesday.

    By Wayne Risher March 21, 2019

• February 2019

  • Electrolux downsized staff by 55 percent in runup to closing announcement

    Electrolux trimmed its Memphis factory's workforce by more than half during 2018, during the runup to a surprising Jan. 31 announcement it would shut down in Memphis in two years.

    By Wayne Risher February 08, 2019

• December 2018

  • Canadian elevator company ‘no longer pursuing’ approved tax incentive

    A Canadian elevator company is no longer pursuing a local tax incentive for its $3.5 million investment and creation of 25 new jobs in Hickory Hill.

    By Michelle Corbet December 24, 2018

• November 2018

  • Hard seltzer sales spur Memphis distribution center

    White Claw Hard Seltzer is the main reason malt beverage maker Mark Anthony Brewing Inc. wants to establish its own distribution center in Memphis.

    By Michelle Corbet November 15, 2018

  • EDGE seeks legal opinion on project code names

    Some local leaders want to keep major economic development projects out of the public eye until the company is ready to disclose its plans.

    By Michelle Corbet November 15, 2018

  • Leaders propose joint venture for Chamber, EDGE

    Local government and business leaders have joined together to propose new changes to the economic development process, which includes a new joint venture to oversee how the Greater Memphis Chamber and the EDGE board recruit new jobs.

    By The Daily Memphian Staff November 08, 2018

• September 2018

  • Report finds broader economic development plan needed

    The city-county Economic Development Growth Engine organization known primarily for granting tax incentives to businesses coming to or expanding in Memphis should be empowered to pursue a broader economic development strategy, according to a new report that compares EDGE to efforts in four other cities.

    By Bill Dries September 29, 2018

  • The case for code names: Finding the balance between competitiveness, good public policy

    These are the code names for some of the largest economic development projects in recent history — Mitsubishi Electric Power Products’ $226 million manufacturing plant on Presidents Island, Orgill Inc.’s $21 million world headquarters in Collierville and the $36 million transformation of Peabody Place into a headquarters for ServiceMaster Global Holdings.

    By Michelle Corbet September 24, 2018

  • IKEA reducing operating hours at Memphis store

    IKEA will cut its operating hours in Memphis, the retailer’s only U.S. store to reduce store hours.

    By Tom Bailey September 19, 2018

  • Onyx Medical to expand manufacturing facility

    Onyx Medical this week applied for a building permit to start an $11 million expansion of its medical-device manufacturing facility in northeast Memphis.

    By Tom Bailey September 19, 2018