"It's Hard To Do Business When Customers Are Fearful..."
32 Businesses Struggling Through the Pandemic Find Relief Through NEED Grants
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Steven Dortch, the owner of
Dortch Construction LLC
is ready to get back into the swing of things. But ready or not, fear is still making doing business the way he used to almost impossible.
“It’s hard to do business when customers are fearful of having you come into their establishments because of social distancing," said Dortch.
The company is one of
32 businesses that have received assistance in the form of a NEED Grant
from EDGE. In all, the Committee has awarded $179,000 to 32 businesses throughout Memphis's most vulnerable neighborhoods. MWBEs comprise 28 of those businesses.
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EDGE One of The Top Economic Development Organizations in the Nation
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A busy 2019 that saw more than
$680 million in investment
and an additional
1,700 jobs
for our area, earned the Economic Development Growth Engine for Memphis & Shelby County (EDGE) a
2020 Mac Conway Award
for Excellence in Economic Development by
Site Selection Magazine
. The award is given annually to the nation’s top 20 economic development organizations.
In 2018, EDGE was awarded the Distinguished Development Finance Local Agency Award by the Council of Development Finance Agencies (CDFA). EDGE was recognized for tackling particularly complex and challenging financing concerns and its innovation of financing tools.
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EDGE Aids Expansion, Job Creation at a 73-Year-Old Memphis Company, and Development of a Long Vacant Site Near Fairgrounds
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After 73 years in business, Memphis-based personal care product manufacturer,
Ampro Industries
is planning a major expansion to serve a new and growing base of customers.
EDGE awarded the company a four-year Jobs PILOT to encourage it to create 15 new jobs with an average salary of more than $32,000 and invest $6 million for new manufacturing machinery at its
4171 Steele Street
location. The expansion will allow Ampro to double its production speed, allowing the company to remain in its Frayser plant.
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Central Junction, LLC
After years sitting as an empty field, a
plot of land on Central
, just East of the Liberty Bowl and Fairgrounds, could soon welcome new residents to this growing area.
EDGE awarded Central Junction, LLC, a 15-year Residential PILOT to encourage the company to build a 127-unit apartment building, investing more than $20 million at 2601 Central Avenue.
"This project will bring new life to a long vacant site and complement the City’s investment in the Memphis Fairgrounds Redevelopment," said EDGE President and CEO, Reid Dulberger. "The residents will be just steps from the Fairgrounds and will no doubt frequent the shops and sports complex planned for that area, creating a vibrant community."
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EDGE Approves Amendment to Pandrol USA PILOT, As Company Looks To Invest More and Hire More People
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Pandrol USA
is moving its North American Headquarters to Memphis from New Jersey. The board approved a 15-year Community Builder PILOT last year to encourage the move. Today, the board approved an amendment to the company’s PILOT to reflect more jobs and more investment:
- An increase in new jobs from 73 to 82
- An increase in average wage from $49,453 to $59,068
- An increase in total capital investment from $9,291,200 to $12,891,200
Per the amendment, the PILOT term would not change. The benefit to the applicant would increase by $800,000 and the benefit to the community would increase by more than $1 million. MWBE spend would increase by more than $600,000.
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