Archive for the ‘Economic Development’ Category

              The following is a proposal we received from a concerned Memphian: Payment in lieu of taxes (PILOT) is a program which reduces or eliminates property taxes for a period of time as an incentive for investment in a new development or expansion of an existing business within the […]

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              (University of Michigan chart.)   In the wake of recent events in Milwaukee, income and economic segregation there have garnered national headlines.  This is a deep structural issue in the Memphis MSA with serious implications to our economy, our quality of life, and our commitment to the American […]

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by (RSS) Economic Development | August 12th, 2016 12:30am CDT | No Comments

“People who are committed to the future and what they do in their cities cannot be underestimated.” —Joe Cortright             Memphis, incorporated as a city in 1826, is about 10 years away from beginning its third century. Even sooner, in May 2019, Memphis will observe the 200th anniversary of its founding […]

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              Published as the City Journal column in July’s Memphis magazine: Years ago, after listening to the latest idea for revitalizing downtown, former Beale Street developer John Elkington facetiously said Memphis is always chasing the latest trend, but “usually, it’s 10 years after everyone else.” Back then, his comment […]

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            The Memphis metro economy continues to languish in its recovery from the Great Recession.  The U.S. Conference of Mayors predicts that it will be the first quarter of 2018 before it returns to the pre-Recession peak. Jobs growth and the Gross Domestic Product seriously lag, suggesting that it would […]

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by (RSS) Economic Development | May 18th, 2016 12:44am CDT | 7 Comments

Memphis and Shelby County have for decades relentlessly chased warehouse and distribution jobs – even waiving tens of millions of dollars in city and county taxes in the process – but because we operate on the theory that any job is a good job, we never seem to make the transition to high-value logistics or […]

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          It’s hard to believe that there was a time 35 years ago that there were some pundits and columnists who predicted that with the rise of technology, places would come to matter less and less. And yet, just the opposite has happened, and today, place is a major driver of […]

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                The EDGE board and its president, Reid Dulberger, have shown admirable restraint in the face of special interests calling for them to expand the tax freeze program that is at the heart of Memphis and Shelby County’s business incentives. EDGE brought thoughtful evaluation to the frantic rush […]

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          The catfish is the Tennessee state commercial fish, and it’s the perfect mascot for our bottom-feeding Legislature. Time after time, just when we think it can’t go any lower, it always manages to do it. Once again, this year, the competition is fierce for the bills that are the Legislature’s […]

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This is the latest edition of our feature that takes a look back at blog posts 10 years ago, so this month we’re flashing back to April, 2006.  The topics that month includes posts about the study funded by Memphis and Shelby County Governments that urged reform of the PILOT program to make sure companies […]

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by (RSS) Economic Development, Livability, Talent | April 12th, 2016 12:49am CDT | 35 Comments

                              Note: There are renewed conversations about the ways to spark more economic growth in Memphis, but often they turn into ideas that are merely extensions of the present or resurrected ideas from the past (think music studios).  In an effort […]

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  The 21st century dawned with such hope, and chief among the reasons for optimism was the emergence of a group of young African Americans determined to improve the community and its political opportunities for their generation. That’s why it’s so disheartening in Memphis today to see what 15 years of hard work has done […]

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by (RSS) Economic Development | March 31st, 2016 12:42am CDT | 10 Comments

From the April edition of Memphis magazine: When Donald Trump Took Down Holiday Inns by Tom Jones Almost 30 years before Donald Trump became a force in the 2016 Presidential campaign, 2,500 Memphians lost their jobs because of him. For them, this was no reality television program. There was only reality itself, as Donald Trump’s […]

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                “We have to get more people to choose Memphis as home while also – at the same time – improve the circumstances for the people who live here.  This is important: It’s not enough to do one without the other.  We have to do both simultaneously.” This […]

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                Memphis Mayor Jim Strickland must feel like somebody who gets married, and shortly after returning from the honeymoon, the statements for his spouse’s maxed-out credit cards start arriving in the mail. Then, the bank sends a foreclosure notice on her house, and his spouse said she forgot […]

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by (RSS) Economic Development, Leadership, Regionalism | February 22nd, 2016 12:12am CDT | Comments Off on Holding A Regional Summit Worth Its Name: RegionSmart

              For the legendary all-star recording session in 1985 that produced the chart-topping charity single, “We Are The World,” record-setting producer Quincy Jones posted a sign: “Check your ego at the door.” When the region’s mayors get together in Memphis for their April 28 RegionSmart summit, the sign on […]

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              If rhetoric could be converted into cash, minority business in Memphis would be booming. For 25 years, talk has far outstripped action on arguably this community’s great economic development opportunity. The lack of progress has produced a current of concern in the majority of our community for years, […]

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  On Monday, our post was about Archer>Malmo CEO Russ Williams’ idea to create a dense district of creative millennials in the downtown core.  That post led to an interesting conversation that we are posting here today: Jada says: For what it’s worth, I’m a millennial trying to make it in Memphis for 3 years. […]

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