EDGE PROJECT SCORECARD
total jobs 16,933
total capital investment $3,397,472,002
number of pilots approved 69
mwbe/losb target spending* $466,244,962
Average Wage (PILOTS only) $72,050
average pilot term 10 years
total new tax revenue generated $1,143,335,950
total tax abated $440,513,595
benefit to cost ratio 2.60
incentive amount per job per year $2,836
number of tifs approved 2
number of loans approved 47
total loan amount $3,214,830
number of bonds approved 4
total bond amount $286,682,850
*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
2018-01-17 The Northwest Company, LLC 25 $5,716,400 $1,674,180 1.03
2017-12-20 Agilent Technologies 117 $7,544,240 $332,184 3.13
2017-12-20 Technicolor Videocassette of Michigan, Inc. 916 $151,209,400 $5,510,664 1.81
2017-11-15 PeroxyChem LLC 15 $9,602,700 $794,654 1.14
2017-10-18 Amazon.com.dedc, LLC 600 $62,999,206 $12,203,842 2.43
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
2015-12-16 Elvis Presley Enterprises, Inc. 290 $137,000,000 $21,293,860
Loan Data
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Date Approved Company Name Total Jobs Projected
Investment
Loan Type Loan
Amount
2017-12-06 Lula's Frozen Treats 2 $37,211 EDGE Loan Fund Loan $18,000
2017-12-06 NH Owens & Sons Funeral Home 18 $30,951 Inner City Economic Development Loan $18,000
2017-12-06 Memphis Magnetic Recording Company 5 $51,156 Inner City Economic Development Loan $20,000
2017-09-06 Soulsville Market 4 $36,992 Inner City Economic Development Loan $20,000
2017-09-06 Stylist Salon 6 $22,635 Inner City Economic Development Loan $15,000
Bond Data
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Date Approved Company Name Total Jobs Projected
Investment
Bond
Amount
2015-05-20 Elvis Presley Enterprises, Inc. 290 $137,000,000 $124,000,000
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