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EDGE reports pilot program gains, outlines focus on higher wages and housing partnerships
Summary
Memphis Economic Development Growth Engine (EDGE) told City Council committees its pilot portfolio outperformed on jobs, wages and capital investment in 2023 and said it will press board and partners to raise average wages and expand housing-related engagement.
EDGE President and CEO Dr. Joanne Massey briefed City Council committees on Jan. 21, describing 2023 pilot-program performance and the authority’s strategic priorities. EDGE reported portfolio-wide gains in jobs, wages and capital investment and outlined steps to increase average pay and deepen housing and workforce partnerships.
The presentation highlighted EDGE’s toolbox of incentives — tax increment financing (TIF), industrial revenue bonds, and the Inner City Economic (ICE) loan program — and said the organization is expanding outreach and data-tracking to document economic impact and incentive use. Massey identified small-business technical assistance, port operations and grant-writing as ongoing priorities and named Trey Moore (business development specialist) and Randy Richardson (vice president, EDGE Properties and executive director, Port Commission) as local…
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