EDGE PROJECT SCORECARD
total jobs 32,184
total capital investment $5,095,759,314
number of pilots approved 95
mwbe/losb target spending* $629,604,633
Average Wage (PILOTS only) $78,908
average pilot term 10 years
LOCAL TAX REVENUES GENERATED $1,367,985,102
total tax abated $526,114,605
benefit to cost ratio 2.60
incentive amount per job per year $2,645
number of tifs approved 4
number of loans approved 59
total loan amount $3,518,330
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
2019-08-21 NBCUniversal 61 $41,000,000 $ 24.63
2019-08-21 Cherry Tree International Corp. 25 $9,246,163 $311,209 0.89
2019-07-17 FR8 Zone Inc. 32 $11,550,000 $1,306,913 0.96
2019-07-17 The Grove Studios $2,575,000 $738,450 0.58
2019-07-17 The Grove Townhouses $4,565,520 $1,300,240 0.57
TIF Data
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Date Approved Company Name Total Jobs Projected
Investment
TIF
Amount
2018-07-25 Poplar Corridor Business District Association of Owners 7,000 $499,500,000 $91,200,000
2018-06-20 Parkside at Shelby Farms Development Area 146 $375,000,000 $96,400,000
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
Loan Data
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Date Approved Company Name Total Jobs Projected
Investment
Loan Type Loan
Amount
2019-07-10 Vann Cut 5 $32,737 Inner City Economic Development Loan $20,000
2019-07-10 Tamboli's Pasta and Pizza 16 $67,506 Inner City Economic Development Loan $20,000
2019-05-01 Al's Tasty Burger 10 $38,510 Inner City Economic Development Loan $20,000
2019-05-01 Mystic Styles Glam Studio 10 $44,862 Inner City Economic Development Loan $12,000
2019-03-06 Trap Fusion 6 $21,750 Inner City Economic Development Loan $14,500
Bond Data
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Date Approved Company Name Total Jobs Projected
Investment
Bond
Amount
2018-12-19 Young Men's Christian Association 606 $7,500,000 $7,500,000
2018-04-05 Elvis Presley Enterprises, Inc. Series 2018 40 $20,000,000 $20,000,000
2017-09-20 Elvis Presley Enterprises, Inc. Series 2017 280 $20,000,000 $104,245,000
2017-06-21 Southbrook Towne Center 379 $7,700,000 $2,142,850
2017-03-15 City of Memphis - TDZ Revenue Refunding Bonds $200,758,000 $158,240,000
Other Data
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Date Approved Company Name Total Jobs Projected
Investment
Financing
Amount
2019-02-14 FedEx Logistics, Inc. 662 $47,300,000 $2,000,000
2017-10-18 Amazon.com.dedc, LLC 600 $62,999,206 $148,000
2017-07-14 ABB Installation Products Inc. 89 $20,750,000 $1,600,000
2017-02-20 Sedgwick CMS Holdings, Inc. 150 $76,161,618 $1,575,000
2016-12-31 Mid-America Apartments (MAA), LP 100 $6,500,000 $400,000