EDGE PROJECT SCORECARD
total jobs 39,445
total capital investment $6,333,296,540
number of pilots approved 115
mwbe/losb target spending* $736,057,811
Average Wage (PILOTS only) $66,056
average pilot term 10 years
LOCAL TAX REVENUES GENERATED $1,460,069,579
total tax abated $635,595,764
benefit to cost ratio 2.30
incentive amount per job per year $3,146
number of tifs approved 5
number of loans approved 67
total loan amount $3,764,330
number of bonds approved 7
total bond amount $294,182,850
number of others approved 171
*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
2020-08-19 Excel Inc. dba DHL Supply Chain 2 255 $85,718,770 $19,487,911 0
2020-08-19 Aesthetic Management Partners 26 $2,900,000 $39,203 0
2020-08-19 RDX, LLC 15 $8,699,485 $1,915,425 0
2020-08-19 Poplar Plaza Residential $47,645,000 $11,775,933 0.87
2020-08-19 Water to Wine, LLC $8,635,000 $2,080,555 0.65
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. 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
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 $90,967 Inner City Economic Development Loan $25,000
2020-02-05 Bendy Beast Fitness LLC 11 $103,860 Inner City Economic Development Loan $20,000
2019-11-06 Creative Home Academy & Preschool 5 $41,818 Inner City Economic Development Loan $20,000
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 $40,000,000 $40,000,000
Other Data
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Date Approved Company Name Total Jobs Projected
Investment
Financing
Amount
2020-09-11 Area 51 Ice Cream LLC $5,000
2020-09-11 Higher Learning Enrichment Academy $5,000
2020-09-11 Silkish Hair and Day Spa $5,000
2020-09-11 Maxx Management dba The Belle Venue $5,000
2020-09-11 Classy Styles $5,000
FTZ-77 Total Value of Shipments $97,409,593,581
Total NEED Grants 129