The Four Way wins EDGE grant for COVID comeback
Nearly $500,000 in emergency economic development grants have been approved for 88 Memphis small businesses struggling to rebound from COVID-19. The Four Way is among latest recipients.
There are 56 article(s) tagged Economic Development Growth Engine (EDGE):
Nearly $500,000 in emergency economic development grants have been approved for 88 Memphis small businesses struggling to rebound from COVID-19. The Four Way is among latest recipients.
Shelby County Property Assessor Melvin Burgess Jr. said the $1.4 million tax abatement Comcast received wasn't what such incentives were intended for. It’s the second time Burgess has criticized EDGE tax incentives.
Two manufacturers and an apartment builder received tax incentives from the EDGE Board.
Pandrol plans to increase its capital investment in Memphis from $9.3 million to $12.9 million, and Ampro plans to invest $6 million to manufacture a new product line at its plant in Frayser.
The first 11 grants, totaling $62,500, were approved Friday, May 1, under the Economic Development Growth Engine's new program to aid small, inner-city businesses struggling because of the COVID-19 pandemic.
A supply chain company and a countertop fabricator are seeking tax incentives from the Economic Development Growth Engine Wednesday, April 15.