EDGE PROJECT SCORECARD
total jobs 31,483
total capital investment $4,933,741,990
number of pilots approved 87
mwbe/losb target spending* $614,039,030
Average Wage (PILOTS only) $68,418
average pilot term 10 years
LOCAL TAX REVENUES GENERATED $1,303,886,813
total tax abated $500,730,559
benefit to cost ratio 2.60
incentive amount per job per year $2,601
number of tifs approved 4
number of loans approved 54
total loan amount $3,426,330
number of bonds approved 8
total bond amount $314,182,850
*APPLIES TO PILOTS APPROVED PRIOR TO JULY 1, 2017
Pilot Data
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Date Approved Company Name Total Jobs Projected
Investment
Projected
MWBE/LOSB
Spending
Projected
Benefit to
Cost Ratio
2019-04-17 Cleveland Track Materials 71 $6,030,000 $896,770 2.66
2019-04-17 JM Smucker LLC 25 $8,800,000 $585,978 1.37
2019-01-16 Riviana Foods Inc. 43 $21,536,839 $1,134,719 1.33
2018-12-19 Indigo Ag 700 $5,214,088 $995,268 162.83
2018-12-19 Power Transport 26 $1,675,000 $286,833 3.5
TIF Data
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Date Approved Company Name Total Jobs Projected
Investment
TIF
Amount
2016-09-21 UNDC-Highland Strip Revitalization 235 $21,100,000 $21,100,000
2014-11-25 Elvis Presley Enterprises, Inc. 290 $137,000,000 $21,293,860
2018-06-20 Parkside at Shelby Farms Development Area 146 $375,000,000 $96,400,000
2018-07-25 Poplar Corridor Business District Association of Owners 7,000 $499,500,000 $91,200,000
Loan Data
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Date Approved Company Name Total Jobs Projected
Investment
Loan Type Loan
Amount
2019-03-06 Trap Fusion 6 $21,750 Inner City Economic Development Loan $14,500
2018-12-05 Scott Street, LLC dba S2F Performance Lab 6 $123,585 Inner City Economic Development Loan $22,000
2018-08-01 Memphis Area Youth Association 9 $32,743 Inner City Economic Development Loan $20,000
2018-08-01 Eggxactly Breakfast & Deli 2 $33,509 Inner City Economic Development Loan $20,000
2018-07-11 Castle Retail Group 50 $1,087,500 Inner City Economic Development Loan $100,000
Bond Data
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Date Approved Company Name Total Jobs Projected
Investment
Bond
Amount
2015-05-20 Elvis Presley Enterprises, Inc. Series 2015A 280 $137,000,000 $84,000,000
2017-06-21 Southbrook Towne Center 379 $7,700,000 $2,142,850
2014-11-19 Serenity Recovery Centers, Inc. 60 $2,300,000 $2,300,000
2017-03-15 City of Memphis - TDZ Revenue Refunding Bonds $200,758,000 $158,240,000
2017-09-20 Elvis Presley Enterprises, Inc. Series 2017 280 $137,000,000 $104,245,000
Other Data
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Date Approved Company Name Total Jobs Projected
Investment
Financing
Amount
2016-06-15 ServiceMaster Global Holdings, Inc. 965 $36,000,000 $5,500,000
2014-01-22 Conduit Global 1,000 $5,100,000 $1,250,000
2016-03-16 Evergreen Packaging, Inc. 173 $3,823,800 $1,050,000
2013-02-20 International Paper, Inc. 2,375 $633,968,540 $2,000,000
2015-11-18 LEDIC Management Group, LLC 300 $12,129,020 $300,000