EDGE PROJECT SCORECARD
total jobs 38,604
total capital investment $6,799,843,298
number of pilots approved 125
mwbe/losb target spending* $799,311,254
Average Wage (PILOTS only) $66,215
average pilot term 10 years
LOCAL TAX REVENUES GENERATED $1,690,201,940
total tax abated $766,422,091
benefit to cost ratio 2.21
incentive amount per job per year $3,205
number of tifs approved 5
number of loans approved 70
total loan amount $3,803,330
number of bonds approved 8
total bond amount $413,482,850
number of others approved 217
*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
2021-04-21 Sylvamo Corporation 300 $ $ 0
2021-03-17 Mullen Technologies Inc. 434 $362,400,000 $9,742,780 1.3
2021-03-17 Alphatec Spine, Inc. 95 $3,500,000 $462,852 7.88
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
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
2021-04-07 The Vineyard, LLC 2 $24,274 Inner City Economic Development Loan $12,000
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
Bond Data
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Date Approved Company Name Total Jobs Projected
Investment
Bond
Amount
2021-02-17 Distilled Spirits Inc. 15 $17,900,000 $15,000,000
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
Other Data
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Date Approved Company Name Total Jobs Projected
Investment
Financing
Amount
2021-04-07 Saucy Chicken, LLC $5,000
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
FTZ-77 Total Value of Shipments $97,409,593,581
Total NEED Grants 175