EDGE PROJECT SCORECARD
total jobs 37,754
total capital investment $5,828,954,142
number of pilots approved 105
mwbe/losb target spending* $679,987,020
Average Wage (PILOTS only) $66,516
average pilot term 10 years
LOCAL TAX REVENUES GENERATED $1,426,974,374
total tax abated $592,846,131
benefit to cost ratio 2.41
incentive amount per job per year $2,903
number of tifs approved 5
number of loans approved 65
total loan amount $3,723,330
number of bonds approved 7
total bond amount $294,182,850
*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
2020-01-15 Blues City Brewery, LLC 2 155 $49,000,000 $183,341 2.75
2020-01-15 United Parcel Service, Inc. 2 25 $216,600,000 $26,104,544 0.46
2019-12-18 Hyosung Heavy Industries Corporation 131 $102,972,646 $4,350,929 0.91
2019-12-18 Penn A Kem LLC 28 $38,545,000 $695,535 1.78
2019-11-13 LeSaint Logistics 52 $28,182,866 $1,788,259 0.72
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
2020-02-05 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
2019-11-06 Stepherson Incorporated, dba Superlo Foods 28 $100,000 Inner City Economic Development Loan $100,000
2019-09-04 Muggin Coffehouse 5 $26,000 Inner City Economic Development Loan $15,000
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 $104,245,000
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
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
2019-03-03 Flextronics Logistics USA 300 $2,000,000 $1,500,000
2019-02-14 FedEx Logistics, Inc. 662 $47,300,000 $2,000,000
2018-12-19 Indigo Ag, Inc. 2 700 $5,214,088 $150,000
2018-08-08 Indigo Ag, Inc. 700 $5,214,088 $2,750,000
2018-07-01 JNJ Logistics, Inc. 610 $20,000,000 $1,220,000