From the desk of Dr. Joann Massey:

Welcome to the April edition of the EDGE Express, where we are thrilled to share the latest updates, progress, and opportunities.

This month, we are excited to unveil several exciting developments that underscore our commitment to driving economic growth and fostering a thriving business environment. From groundbreaking initiatives to strategic partnerships, each action item is a testament to our collective efforts to shape the future of Memphis.

These partnerships not only strengthen our collective impact but also open up new avenues for collaboration and innovation, propelling Memphis toward greater prosperity and success. Thank you for your unwavering support and dedication to our shared vision of a thriving Memphis.

With optimism and gratitude,

Dr. Joann Massey

EDGE Vice President of Operations

jmassey@edgemem.com

News & Updates

EDGE Commits Funds to City Crime Prevention Program, Approves Two ICED Loans

“As part of our commitment to fostering economic vitality and community safety, we are proud to partner with EDGE and introduce a groundbreaking initiative that combines economic empowerment with crime prevention,” said City of Memphis Mayor Paul Young. “By investing in this effort, we not only spur economic development but also create safer environments that empower residents and deter criminal activity. Together, we are reshaping the narrative of our neighborhoods, turning challenges into opportunities, and building a brighter future for all.”

At the April 17 EDGE Board meeting, funds to support small businesses that implement Crime Prevention Through Environmental Design (CPTED) were approved, following a request from the City of Memphis. Qualifying small businesses in high crime zones will apply and be selected to receive CPTED funds financed in the form of reimbursement grants or loans after a due diligence process is completed. This strategy is internationally recognized for preventing and reducing crime.

The EDGE Board also met and approved two forgivable Inner City Economic Development (ICED) Loans built to spark revitalization in distressed neighborhoods. M.I.H. Hauling, a transportation and automotive company offering cost-effective repairs and towing services to the local community, received a $16,333 ICED Loan to help with a variety of building interior and streetscape improvements. Memphis Toast, a minority-owned restaurant in the heart of North Memphis, received a $24,200 ICED Loan to support facade and building interior improvements.

EDGE Team Members Achieve Economic Development Basic Finance Certification

Trey McKnight

Destinee Hannah

We’re thrilled to announce that two esteemed members of the EDGE team have recently achieved the prestigious Economic Development Basic Finance Certification. This accomplishment by Trey McKnight and Destinee Hannah underscores our commitment to excellence and ongoing professional development within our organization.

Port of Memphis Hosts the Mississippi River Commission

Some of our International Port of Memphis and EDGE team members, along with board member Vijay Kalaga, tagged along with the Port’s Executive Director Randy Richardson to the U.S. Army Corp of Engineer’s Highwater Inspection trip aboard the Motor Vessel MS V!

Randy also gave a testimony to the Commission’s Board and led a guided port tour of the Memphis Harbor. The Port Commission was also awarded for outstanding maintenance of the Memphis Harbor Project for 2023!