EDGE PROJECT SCORECARD
total jobs 32,492
total capital investment $5,298,569,253
number of pilots approved 101
mwbe/losb target spending* $648,652,671
Average Wage (PILOTS only) $78,568
average pilot term 10 years
LOCAL TAX REVENUES GENERATED $1,384,749,594
total tax abated $537,925,936
benefit to cost ratio 2.57
incentive amount per job per year $2,698
number of tifs approved 5
number of loans approved 63
total loan amount $3,678,330
number of bonds approved 8
total bond amount $314,182,850
*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
2019-11-13 LeSaint Logistics 52 $28,182,866 $1,788,259 0.72
2019-11-13 The Pallet Factory Inc. 15 $4,300,000 $961,967 1.18
2019-11-13 Stepherson Incorporated, dba Superlo Foods 68 $1,400,955 $101,358 21.19
2019-11-13 Arlington Memphis, LLC dba Velo at Shelby Farms $37,650,000 $248,600 2.8
2019-10-16 Raymond James and Associates, Inc. 100 $23,608,000 $4,445,516 1.8
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
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
2019-09-04 South Memphis Renewal Community Development Corporation 20 $670,000 Inner City Economic Development Loan $25,000
2019-07-10 Vann Cut 5 $32,737 Inner City Economic Development Loan $20,000
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
2018-04-05 Elvis Presley Enterprises, Inc. Series 2018 40 $20,000,000 $20,000,000
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
Other Data
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Date Approved Company Name Total Jobs Projected
Investment
Financing
Amount
2019-02-14 FedEx Logistics, Inc. 662 $47,300,000 $2,000,000
2017-10-18 Amazon.com.dedc, LLC 600 $62,999,206 $148,000
2017-07-14 ABB Installation Products Inc. 89 $20,750,000 $1,600,000
2017-02-20 Sedgwick CMS Holdings, Inc. 150 $76,161,618 $1,575,000
2016-12-31 Mid-America Apartments (MAA), LP 100 $6,500,000 $400,000