EDGE PROJECT SCORECARD
total jobs 38,348
total capital investment $6,116,583,085
number of pilots approved 110
mwbe/losb target spending* $700,994,482
Average Wage (PILOTS only) $66,398
average pilot term 10 years
LOCAL TAX REVENUES GENERATED $1,443,270,819
total tax abated $619,080,025
benefit to cost ratio 2.33
incentive amount per job per year $3,028
number of tifs approved 5
number of loans approved 66
total loan amount $3,748,330
number of bonds approved 7
total bond amount $294,182,850
number of others approved 152
*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
2020-05-20 Ampro Industries, Inc. 15 $6,000,000 $13,499 1.67
2020-05-20 Central Lofts $20,049,255 $4,653,819 0.56
2020-04-15 Excel Inc. dba DHL Supply Chain 105 $20,757,228 $1,478,380 1.8
2020-04-15 2615 Summer, LLC dba Stone Solution 15 $2,090,000 $69,701 2.93
2020-03-18 Link Apartments Broad Avenue $69,000,000 $14,145,315 0.41
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
2020-08-07 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
2019-11-06 Stepherson Incorporated, dba Superlo Foods 28 $100,000 Inner City Economic Development Loan $100,000
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
2020-08-07 Sherrod Furniture Store Company $8,000
2020-08-07 Divine Memories Banquet Hall $5,000
2020-08-07 Miracles Barber Shop $3,500
2020-08-07 17 Berkshire, LLC $5,000
2020-08-07 The Treasure Chest Boutique $2,500
FTZ-77 Total Value of Shipments $97,409,593,581
Total NEED Grants 112