EDGE PROJECT SCORECARD
total jobs 18,009
total capital investment $3,485,381,609
number of pilots approved 77
mwbe/losb target spending* $473,731,552
Average Wage (PILOTS only) $70,694
average pilot term 10 years
total new tax revenue generated $1,193,452,320
total tax abated $463,898,589
benefit to cost ratio 2.57
incentive amount per job per year $2,773
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
2018-05-16 Mimeo.com, Inc. 455 $13,469,000 $876,234 11.33
2018-05-16 JD USA Shopping Center, dba The Whitehaven Landing 89 $3,734,928 $762,291 0.4
2018-05-16 William R Moore College of Technology 4 $3,396,000 $443,497 0.7
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
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 280 $137,000,000