EDGE PROJECT SCORECARD
total jobs 14,729
total capital investment $3,091,618,309
number of pilots approved 60
mwbe/losb target spending* $431,560,758
Average Wage (PILOTS only) $75,723
average pilot term 10 years
total new tax revenue generated $1,005,511,471
total tax abated $363,015,774
benefit to cost ratio 2.77
incentive amount per job per year $2,779
number of tifs approved 2
number of loans approved 42
total loan amount $3,123,830
number of bonds approved 4
total bond amount $328,400,000
*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
2017-07-19 Makowsky Ringel Greenberg, LLC $14,075,497 $3,062,735 0.33
2017-07-19 Thomas & Betts Corp. 598 $20,750,000 $2,346,386 14.28
2017-06-21 Frayser Gateway 136 $16,080,000 $3,868,304 1.73
2017-05-17 Cargill Inc. 24 $20,000,000 $59,265 1.27
2017-05-17 SPV-NA1, LLC (dba, NouriTech) 66 $120,000,000 $25,237,714 0.53
TIF Data
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Date Approved Company Name Total Jobs Projected
Investment
TIF
Amount
2016-09-21 UNDC-Highland Strip Revitalization 235 $10,000,000 $10,000,000
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
2017-06-07 HopeWorks 15 $43,677 Inner City Economic Development Loan $20,000
2017-06-07 Orca Printing 4 $28,500 Inner City Economic Development Loan $19,000
2017-02-01 Champion's Pharmacy and Herb Store 4 $33,600 Inner City Economic Development Loan $20,000
2017-02-01 Park Place Recycling & Logistics 15 $30,000 Inner City Economic Development Loan $20,000
2016-11-02 Three Sisters Deli 3 $42,508 Inner City Economic Development Loan $18,946
Bond Data
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Date Approved Company Name Total Jobs Projected
Investment
Bond
Amount
2015-05-20 Elvis Presley Enterprises, Inc. 290 $153,600,000 $124,000,000
2017-06-21 Southbrook Towne Center 379 $7,700,000 $2,100,000
2014-11-19 Serenity Recovery Centers, Inc. 60 $2,300,000 $2,300,000
2017-03-15 City of Memphis - Pyramid and Pinch District $200,758,000 $200,000,000