EDGE PROJECT SCORECARD
total jobs 37,758
total capital investment $6,416,019,024
number of pilots approved 122
mwbe/losb target spending* $789,105,622
Average Wage (PILOTS only) $64,993
average pilot term 10 years
LOCAL TAX REVENUES GENERATED $1,632,793,962
total tax abated $725,241,544
benefit to cost ratio 2.25
incentive amount per job per year $3,169
number of tifs approved 5
number of loans approved 69
total loan amount $3,791,330
number of bonds approved 7
total bond amount $398,482,850
number of others approved 216
*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
2021-01-20 Eversana Life Science Services, LLC 365 $30,000,000 $6,579,634 2.76
2021-01-20 Imperial Industrial Supply Company 35 $20,900,000 $913,951 0.68
2021-01-20 Ubiquiti Inc. 25 $5,000,000 $768,181 0.95
2020-12-16 Crown World, Inc. 25 $2,750,000 $401,082 2.67
2020-11-18 Cognate BioServices, Inc. 561 $212,859,608 $39,301,234 1.26
TIF Data
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Date Approved Company Name Total Jobs Projected
Investment
TIF
Amount
2019-10-16 Raleigh Town Center $91,000,000 $29,000,000
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. 280 $137,000,000 $21,293,860
Loan Data
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Date Approved Company Name Total Jobs Projected
Investment
Loan Type Loan
Amount
2020-12-02 Muhsen Najdawi dba Turbo Knights 2 $72,700 Inner City Economic Development Loan $12,000
2020-11-04 Edna Banks-Hawkins, dba Mot & Ed’s Southern Eatery 3 $58,065 Inner City Economic Development Loan $15,000
2020-08-28 Haven Representations, LLC dba Nubian Design 6 $24,000 Inner City Economic Development Loan $16,000
2020-08-07 1570 Vollintine Ave (Timothy S. Hubbard) 3 $643,500 Inner City Economic Development Loan $25,000
2020-02-05 Alcy Ball Development Corporation 4 $200,000 Inner City Economic Development Loan $25,000
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
2017-09-20 Elvis Presley Enterprises, Inc. Series 2017 280 $20,000,000 $104,300,000
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
2016-12-10 Elvis Presley Enterprises Inc. Series 2016A B 280 $137,000,000 $40,000,000
Other Data
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Date Approved Company Name Total Jobs Projected
Investment
Financing
Amount
2021-02-26 INSPIRE Community Café $5,000
2021-02-12 EGGXACTLY BREAKFAST & DELI 2 $5,000
2021-02-12 AREA 51 ICE CREAM LLC 2 $5,000
2021-02-03 Blooming Noshings DBA Sweet Noshings $5,000
2021-02-03 Chopper City Barbershop $5,000
FTZ-77 Total Value of Shipments $97,409,593,581
Total NEED Grants 174