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Editorial Results (free)

1. EDGE Board Approves Two PILOTs, GMACW Merger -

The Economic Development Growth Engine for Memphis and Shelby County on Wednesday, April 19, granted tax abatements for a pair of companies with capital investment plans totaling $34 million and approved a resolution that allows the Greater Memphis Alliance for a Competitive Workforce to merge into EDGE.

2. Last Word: Data Night at the Forum, Passing Gas and Graceland's Las Vegas Exit -

It’s a $30,000 fine, about $5k more than expected by most. And Grizz players say they will chip in to pay the fine the NBA levied on coach David Fizdale for his epic rant on the officiating in Game 2 of the playoff series between the Grizz and the Spurs.

3. Last Word: Signs of Life in San Antonio, Steel & Rice and Marco Pave's Rap Opera -

The Grizz were down 19 to the Spurs at the end of the first half in Monday’s game two of the NBA playoff’s opening round – 26 earlier in the game -- and had it down to four at the point in the fourth quarter when Grit & Grind came back to life. It was a short if eventful and promising return to life with the Spurs winning 96 – 82. Game 3 Wednesday at the Forum. And Tigers basketball is well into an eventful off-season of Snapchat moments and “junior college” signings.

4. Nucor Steel, Rice Manufacturer Seek Memphis Incentives -

Two companies have filed applications with the Economic Development Growth Engine for Memphis and Shelby County for tax incentives that would allow them to expand operations in the Mid-South.

Nucor Steel Memphis and Ebrofrost North America are both seeking PILOTs (payment-in-lieu-of-taxes) that would result in a combined investment of $34 million and 31 net new jobs, according to their respective applications.

5. Local Robotics Teams Compete in Little Rock -

Four local robotics teams – Collierville High School’s Dragons, Memphis Business Academy’s MBA Execs, Mitchell High’s Tigerbots and White Station High’s SpartaBot – are in Little Rock, defending their towers against robot invaders.

6. More at Moore -

The large old trees on its campus and the large paned windows of its brick buildings indicate the William R. Moore College of Technology has been around for a while.

It was the idea of William R. Moore, a dry goods wholesaler, who left a $500,000 endowment to fund the institution following his death in 1909.

7. Moore Tech Awakens -

The large old trees on its campus and the paned windows of its brick buildings indicate the William R. Moore College of Technology has been around for a while.

It was the idea of William R. Moore, a dry goods wholesaler, who left a $500,000 endowment to fund the institution following his death in 1909.

8. Officials Vow to Help Cargill Workers Find Jobs -

The Greater Memphis Chamber says it will work with its partners to help displaced Cargill Inc. employees find new jobs.

9. EDGE Mulls Tax Break for Plastics Recycling Co. -

A company that recycles and manufactures post-industrial plastics is considering relocating from Arkansas to Memphis.

RE-CY, or RE-CY Plastics, is considering acquiring a facility on Winchester Road to recycle and manufacture plastics, which are then used for automotive parts, decking and IKEA furniture.

10. Industrial Park Expansions Gaining Momentum -

Economic development officials should know the final scope of a planned expansion of Presidents Island within the next 30 days while the proposed growth of nearby Frank C. Pidgeon Industrial Park is moving forward.

11. Industrial Park Expansions Are Gaining Momentum -

Economic development officials should know the final scope of a planned expansion of Presidents Island within the next 30 days while the proposed growth of nearby Frank C. Pidgeon Industrial Park is moving forward.

12. Retiring Moore ‘Transformed’ Chamber -

When John W. Moore took the reins of the Greater Memphis Chamber in 2005, the organization was at the end of its latest economic development campaign and financial resources were strained.

“We were in incredible financial distress when I took over,” Moore said. “We weren’t even going to make the next payroll and it was really scary, but the chamber now is on great financial footing thanks to the hard work of a great team.”

13. Industrial Revolution -

Frank C. Pidgeon Industrial Park was completed in 1967, but it’s only now, four-plus decades later, that the property is finally realizing its full potential.

The 3,500-acre industrial park was developed when Memphis and Shelby County paid roughly $4.5 million to buy the land in the late 1950s after city, county and Port Commission leaders saw the need for a large industrial park following the creation of Presidents Island.

14. Arkansas Governor Announces $1.1 Billion Steel Mill Plan -

LITTLE ROCK, Ark. (AP) – Gov. Mike Beebe on Tuesday unveiled Arkansas' largest ever economic development project, saying investors were poised to build a $1.1 billion steel mill along the Mississippi River if legislators approve startup funding.

15. Pinnacle Saga Ends With Move North -

The city of Memphis did not promise any incentives to Pinnacle Airlines as the regional air carrier weighed the decision it made Thursday, Jan. 24, to move its headquarters from Memphis to Minneapolis.

16. Commission to Vote on Industrial Land Sale -

Shelby County Commissioners take up the proposed sale Monday, Dec. 3, of 33.6 acres of land in the Frank C. Pidgeon Industrial Park in southwest Memphis.

Carolyn Hardy, owner of the Hardy Bottling Co. and consultant to the Blues City Brewery operation that later bought the plant, wants to buy the last available roadside acreage in the industrial park for a business to store and stage modular containers.

17. Nucor Corp. Lowers Earnings Estimate -

Nucor Corp., which has a steel plant in Memphis, announced Tuesday, Sept. 18, it is lowering its third quarter earnings to 35 cents per diluted share from earnings a year ago of 57 cents per diluted share.

18. Nucor Lowers Earnings Guidance -

Nucor Corporation, which has a steel plant in Memphis, announced Tuesday, Sept. 18, that it is lowering its third quarter earnings to 35 cents per diluted share from earnings a year ago of 57 cents per diluted share.

19. New Plants Point to Infrastructure Needs -

Greater Memphis Chamber leader Dexter Muller is fond of recounting how hard it was to sell the Frank C. Pidgeon Industrial Park to site consultants for manufacturing companies.

20. Council Mulls Funds for Fairgrounds -

Memphis City Council members take a step closer to redevelopment of the Mid-South Fairgrounds Tuesday, Aug. 21, with $1.7 million in sales tax revenue generated in the Tourism Development Zone that includes The Pyramid.

21. Ritz Seeks Countywide Sales Tax Hike -

Incoming Shelby County Commission chairman Mike Ritz wants to add a countywide sales tax hike for education to the Nov. 6 ballot.

The move, if approved by voters, would not only trump the half-cent sales tax hikes approved this month for five of the six suburban municipal school districts – it would also lessen the revenue the city of Memphis would get from a half-percent citywide sales tax hike already on the November ballot.

22. Nucor Completes Acquisition of Skyline Steel -

Nucor Corp. has completed its acquisition of Skyline Steel LLC of Parsippany, N.J., at a purchase price of $605 million.

23. Nucor Says Steel Imports Cause of Lower Profits -

Nucor Corp. executives lowered the steel company’s expected second-quarter profit results Wednesday, June 13, citing the impact of steel imports on the domestic market.

24. $17M in Permit Applications Filed for Miller Creek Apts. -

Miller Creek Apartments
Germantown, TN 38125

Permit Cost: $17.2 million (20 permits)

Permit Date: Applied May 2012

Owner: Miller Creek Residences LLC

25. Nucor Files Permit App to Expand Shipping Bldg. -

Nucor Steel Memphis Inc. is planning to grow its shipping building, according to a $2 million building permit application filed with the city-county Office of Construction Code Enforcement. The scope of work includes the foundation, fabrication and construction of the addition, according to the permit, which does not list a general contractor.

26. Nucor Says Supply, Prices to Hurt Q1 Earnings -

CHARLOTTE, N.C. (AP) – Steel maker Nucor Corp. predicted Thursday that its first-quarter earnings will fall short of last year's as prices have deteriorated since January with more inventory in the marketplace from domestic mills and imports.

27. Nucor Files Application For Steel Operations -

3601 Paul R. Lowry Road
Memphis, TN 38109

Permit Cost: $2 million

Permit Date: Applied February 2012

Owner: Nucor Corp.

28. Nucor, FedEx Among Incentive Recipients -

Millions of dollars in new investment, a few major corporate expansions and the retention of hundreds of local jobs – not to mention the creation of new demand for local construction workers and contractors – all were guaranteed by tax breaks awarded this week by the city-county Economic Development Growth Engine board.

29. Nucor Steel Memphis Files $2M Permit Application -

Nucor Steel Memphis Inc. is taking steps toward increasing its Memphis steel operations at 3601 Paul R. Lowry Road. The company filed a $2 million permit application with the city-county Office of Construction Code Enforcement for what the permit terms “files and steel erection.”

30. Memphis Schools to Host Career & College Expo -

Memphis City Schools will host its fourth annual Career & College Expo Feb. 23-24 at the Memphis Cook Convention Center, 255 N. Main St.

31. Major Projects on Tap at EDGE Meeting -

Representatives of FedEx Express, a major steel producer, a medical diagnostics company and a manufacturer for the baking industry will all be in front of local economic development officials Wednesday, Feb. 15, in pursuit of financial incentives.

32. Nucor Steel Plans to Expand, Add Jobs -

Nucor Steel Memphis Inc. is growing.

The company is planning to increase its manufacturing output by up to 25 percent, create 27 new jobs at its 3601 Paul R. Lowery Road location and acquire about 42 acres on the east side of Paul Lowry from the Port Commission. That new acreage would help expand Nucor’s rail infrastructure.

33. Nucor Memphis Plant Part of 2-Year Expansion -

The Memphis Nucor Corp. steel plant will be part of a two-year, $290 million effort by the Charlotte-based company to expand its production of special bar quality and wire rod.

34. Nucor Q3 Net Income Up Sixfold on Higher Prices -

CHARLOTTE, N.C. (AP) – Steelmaker Nucor Corp. said its third-quarter net rose more than sixfold as steel prices rose sharply from the same period last year, and shipments increased. But the company warned that earnings in the current quarter will be lower than the third quarter as steel prices stagnate.

35. Nucor Corp.'s Q2 Profit More Than Doubles -

CHARLOTTE, N.C. (AP) – Steel manufacturer Nucor Corp. said Thursday that its second-quarter earnings jumped as a 22 percent increase in sales helped offset higher costs. But it cautioned that stiffer competition could affect its third-quarter performance.

36. Praxair to Expand Capacity at Memphis Factory -

DANBURY, Conn. (AP) — Praxair Inc. said Monday it will double the capacity of the air-separation complex at its Memphis plant to produce more oxygen and nitrogen for steel maker Nucor Corp. and oil refiner Valero Energy Corp.

37. Nucor Breaks Ground on St. James Parish Plant -

CONVENT, La. (AP) – The head of Nucor Corp. said Monday that plentiful natural gas supplies made it possible for the steelmaker to set up shop in Louisiana and offer the prospect of creating thousands of jobs by providing a reliable energy source for domestic manufacturing.

38. Nucor Sees Q2 Profit As Steel Sales Surge -

Steel manufacturer Nucor Corp. said Thursday it returned to a profit in the second quarter as sales jumped 69 percent on higher average prices. But the company warned it is seeing a general slowdown across all of its product lines as the overall economy enters a new period of uncertainty.

39. Nucor to Build Steel Testing Lab -

Nucor Steel Memphis Inc. is expanding and enhancing its Memphis presence with a $1.2 million steel testing laboratory.

40. Nucor Files Permit For Quality Control Building -

Nucor Steel Memphis Inc. has applied for a $501,000 industrial building permit with the city-county Office of Construction Code Enforcement.

41. Ground Zero Pushes To Increase Daytime Business -

You don’t have to wait until darkness falls to walk into a juke joint, especially when the fragrance of green tomatoes frying can be smelled around lunch time at the Ground Zero Blues Club.

Natosha Huffstickler, the managing partner at the Memphis restaurant founded by actor Morgan Freeman, believes everybody needs a daily blues blast and soul food nourishing. So why wait for the weekend?

42. "60 Minutes" to Feature Blytheville, Nucor -

BLYTHEVILLE, Ark. (AP) - CBS' "60 Minutes" will feature a segment this Sunday about the city of Blytheville and its Nucor Corp. steel plants nearby in northeast Arkansas.

43. Nucor Well-Positioned For Acquisitions, Analyst Says -

A Goldman Sachs analyst said Thursday that steel producer Nucor Corp. was the sector’s best-positioned company, and that it could play an important role as an acquirer domestically and internationally.

44. Port Honor Shows ‘What Memphis Is About’ -

Donald McCrory hadn’t heard that the International Port of Memphis would be featured this summer by the U.S. Custom House Guide as its “Port of the Month,” but he wasn’t surprised by the news either.

45. Capital-Gains Cut Would Have Minimal Effect Locally, Economist Says -

The National Association of Manufacturers and other groups are proposing a cut to the long-term corporate capital-gains tax, but how much that move would directly benefit Memphis' manufacturing businesses remains unclear.

46. Nucor Continues WorkOn New Complex -      Nucor Corp. has applied for a permit for a $1.1 million building in its new 600-acre complex on President's Island. Blytheville, Ark.-based Stracener Brothers Construction Corp. is the contractor.

47. Nucor Corp. AnnouncesLower Q3 Earnings Guidance -      Steelmaker and scrap-metal recycler Nucor said Wednesday its third-quarter earnings likely will fall short of Wall Street expectations because of continued softness in the sheet metal markets and growing raw material cos

48. Le Bonheur Children's Medical Center Expansion Well on Its Way -

Methodist Le Bonheur Children's Medical Center has a history of firsts, starting with the first-ever open heart surgery in Memphis, which was performed there in 1959.

Le Bonheur opened the first pediatric kidney dialysis unit in the southeastern United States in 1973. And in 1998, the first split-liver transplant in the Mid-South was performed at Le Bonheur.

49. Archived Article -

177 N. Highland St.
Memphis, TN 38111
Permit Cost: $600,000

Project Cost: $40 million

Permit Date: Applied July 6, 2007

50. 'Memphis Delivers' Touts Web Site, Newspaper Ads -

In an effort to attract the attention of some outside corporations and bigwigs, the Memphis Regional Chamber has launched a Web site to showcase all Memphis has to offer any business considering a move to the city.

51. Nucor's Memphis Plans Unchanged Despite Reduced SBQ Products Demand -

The June 11 press statement sounded ominous, perhaps foreshadowing a setback for Charlotte, N.C.-based Nucor Corp.'s planned steel mill at Frank C. Pidgeon Industrial Park on President's Island, about eight miles south of Downtown Memphis.

52. Nucor MergesWith Magnatrax Corp. -      Nucor Corp. has entered into a merger agreement with Magnatrax Corp. for about $280 million in cash.
     The merger is expected to be finalized after satisfactory resolution of regulatory ap

53. Incentive Program Has Businesses on Fast Track To Memphis -

At a Memphis City Council committee meeting last week, council members swiftly put the final touches on a package of incentives for two plum economic development projects.

The votes themselves were almost a formality. The projects - a steel production mill and a giant distribution center for Nike shoes - already officially had been lined up.

54. Nucor Files $47 MillionPermit For Steel Mill -      Charlotte, N.C.-based steelmaker Nucor Corp. is closer to forging its new $230 million steel mill in Memphis' Frank C. Pidgeon Industrial Park.
     Nucor has filed a $47 million building per

55. '06 Chamber Efforts Signal Good Things to Come in Region -

Memo to the City of Memphis from the Memphis Regional Chamber: 2006 was a very good year.

Since this past summer, when the Memphis City Council approved a $175,000 one-year contract with chamber officials - part of a package that included other funding sources - the chamber parlayed its first government aid in two years into some impressive economic development victories.

56. Nucor Wants To Buy Harris Steel -      Charlotte, N.C.-based Nucor Corp. has made an offer to buy Harris Steel Group Inc., a steel fabricator and processor based in Toronto.
     Harris Steel reported sales of $900 million in U.S.

57. HEHFB PILOTs Often Fly Under Radar Of Public Perception -

In Memphis, a payment-in-lieu-of-taxes (PILOT) freeze typically is associated with a large corporation opening an office or plant.

While the Memphis and Shelby County Industrial Development Board (IDB) is in charge of issuing such tax breaks, the Center City Commission also grants PILOTs for commercial real estate development Downtown.

58. Nucor Corp. BuysVerco Manufacturing -      Nucor Corp. has completed the purchase of substantially all of the assets of Phoenix-based Verco Manufacturing Co. for about $180 million in cash, officials announced Wednesday.
     The purc

59. Nucor Corp. Reports Record-Breaking Sales -      Nucor Corp. has had a record-breaking year so far, company officials have reported.
     In the first nine months of 2006, Nucor's consolidated net sales increased 19 percent to $11.28 billio

60. Different Incentives Drive Different Results in DeSoto, Shelby Counties -

When large companies such as ServiceMaster and Nucor Steel start looking for possible sites to open facilities or relocate their headquarters, the first thing they often consider is available incentives.

61. Nucor SaysYes to Memphis -      A representative from Charlotte, N.C.-based Nucor Corp. and Gov. Phil Bredesen officially made the announcement Friday at a press conference at The Peabody Hotel that Memphis has been chosen as the new location for its S

62. Nucor SaysYes to Memphis -      A representative from Charlotte, North Carolina-based Nucor Corp. and Gov. Phil Bredesen officially made the announcement Friday at a press conference at The Peabody Hotel that Memphis has been chosen as the new location

63. Bredesen to AnnounceMajor Job Creation Today -      Governor Phil Bredesen will make a major corporate announcement today at 9:30 a.m. at the Memphis Regional Chamber, 22 N. Front St.
     The development will create many jobs in Memphis, sai

64. After Earlier PILOT Approval, Nucor Considers Its Options -      Steel manufacturer Nucor Corp. has an option until Dec. 31 to buy 140 acres on the Frank C. Pidgeon Industrial Park site south of Downtown Memphis.
     Charlotte, N.C.-based Nucor will pay t

65. Nucor to Build in Memphis -Maybe Yes, Maybe No -      Steel manufacturer Nucor Corp., based in Charlotte, N.C., received a nod from the Memphis and Shelby County Industrial Development Board's evaluation committee late last week to recommend a payment-in-lieu-of-taxes (PILO

66. Archived Article: Birmingham P2 - Birmingham Steel plans sale to Nucor Birmingham Steel plans sale to Nucor Birmingham Steel Corp., as expected, filed for protection from creditors Monday in the U.S. Bankruptcy Court in Wilmington, Del., listing $487.4 million in assets and $681.1 m...