Created in 2011 to strengthen and streamline the City of Memphis and Shelby County economic development efforts, Economic Development Growth Engine (EDGE) offers a variety of programs to enhance local economic prosperity. To date, EDGE-approved projects are projected to create and retain 33,000 jobs with $5.7 billion of new investment, $679 million of contracts for MWBEs/LOSBs and nearly $1.4 billion in tax revenue for Memphis and Shelby County. EDGE entities include The Industrial Development Board of Memphis and Shelby County, The Port Commission of Memphis and Shelby County and The Depot Redevelopment Corporation.