EDGE PROJECT SCORECARD
total jobs 27,377
total capital investment $4,593,496,267
number of pilots approved 81
mwbe/losb target spending* $627,270,791
Average Wage (PILOTS only) $70,219
average pilot term 10 years
LOCAL TAX REVENUES GENERATED $1,247,516,816
total tax abated $490,498,057
benefit to cost ratio 2.54
incentive amount per job per year $2,744
number of tifs approved 4
number of loans approved 52
total loan amount $3,389,830
number of bonds approved 7
total bond amount $306,682,850
*APPLIES TO PILOTS APPROVED PRIOR TO JULY 1, 2017
Pilot Data
See All ›
Date Approved Company Name Total Jobs Projected
Investment
Projected
MWBE/LOSB
Spending
Projected
Benefit to
Cost Ratio
2018-07-25 JNJ Logistics LLC 512 $20,575,000 $5,090,769 6.08
2018-06-20 Broad Ave Tower Mixed Used Development 8 $51,100,000 $12,125,000 0.56
2018-06-20 Southgate Center 92 $6,802,200 $423,894 3.9
2018-06-20 Thrive at The Park $22,255,410 $5,190,781 0.52
2018-05-16 Mimeo.com, Inc. 455 $13,469,000 $876,234 11.33
TIF Data
See All ›
Date Approved Company Name Total Jobs Projected
Investment
TIF
Amount
2016-09-21 UNDC-Highland Strip Revitalization 235 $21,100,000 $21,100,000
2015-12-16 Elvis Presley Enterprises, Inc. 290 $137,000,000 $21,293,860
2018-06-20 Parkside at Shelby Farms Development Area 146 $375,000,000 $96,400,000
2018-07-25 Poplar Corridor Business District Association of Owners 7,000 $499,500,000 $91,200,000
Loan Data
See All ›
Date Approved Company Name Total Jobs Projected
Investment
Loan Type Loan
Amount
2018-08-01 Memphis Area Youth Association 9 $32,743 Inner City Economic Development Loan $20,000
2018-08-01 Eggxactly Breakfast & Deli 2 $33,509 Inner City Economic Development Loan $20,000
2018-07-11 Castle Retail Group 50 $1,087,500 Inner City Economic Development Loan $100,000
2018-03-07 Kemet Nu Enterprises 4 $90,000 Inner City Economic Development Loan $15,000
2018-03-07 Family Multiplex Center 6 $51,409 Inner City Economic Development Loan $20,000
Bond Data
See All ›
Date Approved Company Name Total Jobs Projected
Investment
Bond
Amount
2015-05-20 Elvis Presley Enterprises, Inc. Series 2015A 280 $137,000,000 $84,000,000
2017-06-21 Southbrook Towne Center 379 $7,700,000 $2,142,850
2014-11-19 Serenity Recovery Centers, Inc. 60 $2,300,000 $2,300,000
2017-03-15 City of Memphis - TDZ Revenue Refunding Bonds $200,758,000 $158,240,000
2017-09-20 Elvis Presley Enterprises, Inc. Series 2017 280 $137,000,000 $104,245,000
Other Data
See All ›
Date Approved Company Name Total Jobs Projected
Investment
Financing
Amount
2016-06-15 ServiceMaster Global Holdings, Inc. 965 $36,000,000 $5,500,000
2014-01-22 Conduit Global 1,000 $5,100,000 $1,250,000
2016-03-16 Evergreen Packaging, Inc. 173 $3,823,800 $1,050,000
2013-02-20 International Paper, Inc. 2,375 $633,968,540 $2,000,000
2015-11-18 LEDIC Management Group, LLC 300 $12,129,020 $300,000