EDGE PROJECT SCORECARD
total jobs 17,461
total capital investment $3,464,781,681
number of pilots approved 74
mwbe/losb target spending* $471,649,530
Average Wage (PILOTS only) $71,453
average pilot term 10 years
total new tax revenue generated $1,164,132,021
total tax abated $459,660,489
benefit to cost ratio 2.53
incentive amount per job per year $2,897
number of tifs approved 2
number of loans approved 49
total loan amount $3,249,830
number of bonds approved 7
total bond amount $306,682,850
*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
2018-04-18 Franklin Sports Inc. 27 $16,410,000 $3,724,205 0.74
2018-04-18 Enclara Pharmacia Inc 216 $11,649,445 $31,363 0.68
2018-04-18 OMO Energy and Technology Inc 25 $3,098,000 $119,989 3.78
2018-03-21 Onyx Medical LLC 146 $10,999,800 $844,758 4.4
2018-03-21 Barrett Distribution Centers, LLC 74 $22,100,307 $742,933 1.11
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
2018-03-07 Kemet Nu Enterprises 4 $90,000 Inner City Economic Development Loan $15,000
2018-03-07 Family Multiplex Center 6 $51,409 Inner City Economic Development Loan $20,000
2017-12-06 Lula's Frozen Treats 2 $37,211 Inner City Economic Development 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
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