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Economic Development Coalition

This effort is a unique opportunity that will allow agencies that work in the realm of economic development in the City to come together to review and discuss their existing incentives and strategies that can be modified and applied at a neighborhood-level. The end goal is to develop a framework for the implementation of identified tools, incentives and strategies that can be piloted with the ultimate goal of attracting private sector capital, structures and investments to the core city.

Core City Incentives Report

Current Incentives

Coalition members include:

Economic Development Growth Engine (EDGE): EDGE was established to streamline both city and county economic development operations under one entity.  Under this single department there is one economic development policy advisor that can speak on behalf of the city and county mayor.

TN Valley Authority (TVA):  The Tennessee Valley Authority, a corporation owned by the U.S. government, provides electricity for 9 million people in parts of seven southeastern states at prices below the national average. TVA also works to spur economic development in targeted industries in the state of Tennessee. 

Memphis Light Gas & Water (MLGW): MLGW works closely with the Memphis Chamber to foster economic development in the Memphis community.  MLGW assists businesses that are relocating to the Memphis area, considering expansion, or seeking general business assistance.

Mayor’s Innovation Delivery TeamThe Mayor’s Innovation Delivery Team is working with Mayor AC Wharton to generate economic vitality in core city neighborhoods.  The Delivery Team uses data-driven approaches to make city wide improvements.

Memphis Office of Resources and Enterprise (MORE):  MORE was designed to help small businesses through the growth and development process.  MORE makes it easier for small businesses to bid on and win local government contracts.

Memphis & Shelby County Community Redevelopment Agency: The function of the joint Memphis and Shelby County Community Redevelopment Agency is to: Aid community and entities of the City of Memphis and Shelby County in an effort to upgrade and beautify both the city and county; Encourage planning; Find funding sources; Offer economic incentives; and Obtain funds for the purpose of implementing approved programs and activities.

Greater Memphis Chamber: The Greater Memphis Chamber works to improve quality of life in the Memphis area through economic and community development.  The Chamber accelerates growth and success by strengthening quality of place as well as connecting people, programs, and resources.

Memphis Area Association of Governments: MAAG works with government as well as non-profit organizations to advocate for legislation and public policy to improve quality of life.  MAAG is the regional resource for federal programs that support economic development initiatives.

The State of TN Department of Economic and Community Development: The Department of Economic and Community Development’s goal is to develop strategies to help make Tennessee the number one location in the Southeast for high quality jobs.  The department works with existing businesses as well as working to attract new business investment to the area.

 

Community: